ODSA Working to Submit Information to Qualify Non-profits for SBA Loans
The program will allow them to apply for low-interest loans
The Ohio Development Services Agency is working to submit necessary information to qualify the state for the U.S. Small Business Administration’s (SBA) Economic Injury Disaster Loan program. This program will enable non-profit organizations and small businesses impacted by COVID-19 to apply for low-interest loans up to $2 million dollars.
Small business owners who have been impacted should send their contact information to BusinessHelp@Development.Ohio.Gov.
Additionally, Govenor Mike DeWine will be issuing an executive order granting the authority to the Department of Job and Family Services to approve requests to suspend the normal one-week waiting period for unemployment compensation. I will share a copy of the order once it’s complete.