- WASHINGTON, April 15, 2020 – USDA Rural Development has taken a number of immediate actions to help rural residents, businesses and communities affected by the COVID-19 outbreak. Rural Development will keep our customers, partners, and stakeholders continuously updated as more actions are taken to better serve rural America.
- SBA's Economic Injury Disaster Loans offer up to $2 million in assistance for a small business. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
- Video: How to apply for Coronavirus SBA Economic Disaster Assistance
- Incidents can strain a small business's financial capacity to make payroll, maintain inventory and respond to market fluctuations (both sudden drops and surges in demand). Businesses should prepare by exploring and testing their capital access options so they have what they need when they need it.
- IBank is offering loans from $500 to $10,000 to low-wealth entrepreneurs in the declared disaster emergency areas through its Jump Start Loan Program.
The Metro Chamber, in partnership with the Sacramento Asian Chamber, has launched a Rapid Response Business Triage Hotline: 1-833-391-1919
Staffed with trained agents in English, Spanish, and Asian Languages, this hotline is available M-F from 8am-4pm with voicemail capabilities 24/7. Callers may connect to a person who can answer general small business questions, provide basic HR and Legal resources, and navigate borrowers
through financing options including the SBA Economic Injury Disaster Loan Program.