TIME IS RUNNING OUT FOR BUSINESSES TO GET SBA LOANS

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TIME IS RUNNING OUT FOR BUSINESSES TO GET SBA LOANS

Howard Hughes

Time is running out for businesses to get COVID-19 assistance from the Small Business Administration (SBA).

The program is set to expire on December 31st, 2021; however, the SBA is encouraging businesses in low-income areas to apply for the Targeted Advance grant of $10,000 through the end of the year, and then the final Supplemental Targeted Advance grant for $5,000, SBA Administrator Isabella Guzman said.

“Those grants, unfortunately, need to be processed by the end of the year so if you think you might be eligible for that, you need to apply by December 10th,” Guzman added. In contrast, EIDL and Targeted Advance applications received by the end of the year will continue to be processed after that date until all funds have been exhausted.

HURRY & GO NOW TO: www.sba.gov

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