27 Mar COVID-19: FAQ for Veterinary Small Businesses
Recent emergency stimulus legislation has provided significant federal funding through the Small Business Administration (SBA) for new loan programs to assist small businesses, independent contractors, and the self-employed, coping with the financial impacts of COVID-19. SMALL BUSINESS LOANS Disaster Assistance Loans Who can apply? Small businesses operating in states that have declared a disaster How much? Up to $2 million available for economic injury including fixed debts, payroll, accounts payable, and other bills that can’t be paid because of the disaster’s impact. Terms and repayment? 3.75% interest rate with a 30 year-maximum repayment, determined on...