Congressman Andy Levin Announces Steps for Small Businesses to Receive Coronavirus Relief Aid
Congressman Andy Levin (MI-09) announced the steps that small businesses can take to apply for aid due to coronavirus-related business disruptions. The announcement follows a decision by the U.S. Small Business Administration (SBA) to approve Michigan’s request for an Economic Injury Disaster declaration.
“Small business owners are hurting because of the responsible steps they are taking to reduce the spread of the coronavirus,” Rep. Levin said. “Now, relief is available to the many business owners who prioritized public health over their own profits. My office stands ready to assist any business owner seeking help to receive the aid they deserve.”
To apply online for a low-interest loan, small business owners can visit https://disasterloan.sba.gov/ela/Small business owners can also print out a paper application to submit by mail by visiting https://disasterloan.sba.gov/ela/Information/PaperForms.
The U.S. Small Business Administration Customer Service Center is available to answer questions about applications by phone at 1-800-659-2955.
A bill passed by the House earlier this month made $1 billion available to the SBA to subsidize disaster relief loans to small businesses, small agricultural cooperatives, and nonprofits that have suffered substantial economic injury from the COVID-19 pandemic. Loans of up to $2 million may be granted.