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Federal Programs to Support Businesses Impacted by COVID-19

Find out how you can safeguard your organization

Small- and medium-sized businesses are scrambling to navigate the impact of business disruptions and lost traffic during the coronavirus (COVID-19) outbreak. At Infintech, we’re committed to helping these merchants navigate this difficult time by sharing vital business information. The following is a list of federal assistance programs that are providing support to small- and medium-sized businesses.

1.  Economic Injury Disaster Loans (EIDL) Loans

The U.S. Small Business Administration (SBA) EIDL loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary loss of revenue.

  • For businesses with 500 or less employees
  • Businesses include sole proprietorships, independent contractors and self-employed persons, private non-profit organizations or 501(c)(19) veterans organizations
  • The loans can be used to pay fixed debts, payroll, accounts payable and other bills
  • This loan advance will not have to be repaid

Click here for the official SBA program details.

Please select this link to read the complete blog post from OSAE Member Infintech.

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