Latest Recommendations & Updates From The St. George Chamber
This page is meant to provide our community with live updates and businesses with a list of resources available to help them during the uncertain times created by the Coronavirus pandemic.
The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Upon a request received from a state’s or territory’s Governor, SBA will issue under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, an Economic Injury Disaster Loan declaration. All 29 counties in Utah are now eligible to apply for low-interest loans through the Small Business Administration.
Disaster Loan Assistance From The SBA– Download the appropriate documents
- Any such Economic Injury Disaster Loan assistance declaration issued by the SBA makes loans available to small businesses and private, non-profit organizations in designated areas of a state or territory to help alleviate economic injury caused by the Coronavirus (COVID-19).
- SBA’s Office of Disaster Assistance will coordinate with the state’s or territory’s Governor to submit the request for Economic Injury Disaster Loan assistance.
- Once a declaration is made for designated areas within a state, the information on the application process for Economic Injury Disaster Loan assistance will be made available to all affected communities as well as updated on our website: SBA.gov/disaster.
- SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
- These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%.
- SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.
- SBA’s Economic Injury Disaster Loans are just one piece of the expanded focus of the federal government’s coordinated response, and the SBA is strongly committed to providing the most effective and customer-focused response possible.
- For additional information, please contact the SBA disaster assistance customer service center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail email@example.com.
Get disaster assistance
The process to apply for disaster assistance is simple. To qualify, your business or home must be in an affected area as stated by a disaster declaration at disasterloan.sba.gov.
- Check disaster declarations – See if the SBA has issued a disaster declaration in your area.
- Apply for a disaster loan – Loans are available for businesses and homes affected by disaster.
- Check your status – Log in to your account and check your email for updates.
More Business Resources
How To Protect Yourself And Others
Washington County School District Message: Coronavirus (COVID-19) Information
Utah Public Schools Announcements: Utahs public schools dismissed for two weeks
Federal, State, and Local Government Agency Updates
Southern Utah Department of Workforce Services – Phone line – 1-800-456-7707