For Businesses And Workers Needing Assistance, Information
The need for financial assistance and guidance through the COVID-19 disruption is massive, and several Twin Cities business groups have come together to provide links to various agencies providing that help.
The initiative is known as Too Local To Fail, and you’ll find it here.
And the Small Business Administration sent out this message about the CARES Act which provides assistance to small businesses and non-profits including the opportunity to get up to a $10,000 advance on an Economic Injury Disaster Loan (EIDL): This advance may be available even if your EIDL application was declined or is still pending, and will be forgiven.
If you wish to apply for the Advance on your EIDL, please visit www.sba.gov/disaster as soon as possible to fill out a new, streamlined application. In order to qualify for the advance, you need to submit this new application even if you previously submitted an EIDL application. Applying for the advance will not impact the status or slow your existing application.
Also, we encourage you to subscribe to our email updates via www.sba.gov/updates and follow us on Twitter at @sbagov for the latest news on available SBA resources and services. If you need additional assistance, you can find your local SBA office and resource partners at www.sba.gov/localassistance. If you have questions, you may also call 1-800-659-2955.