In response to the COVID-19 outbreak, the government, through the Small Business Administration (SBA)
is providing small businesses, sole proprietorships, and independent contractors a loan of up to $2 million,
and a grant of up to $10,000, which may not have to be repaid, even if the loan application is denied.
The $10,000 grant should be paid within three days of an application.
Eligibility for SBA $10,000 Grant
- Business entities with 500 or fewer employees
- Sole proprietorships, with or without employees
- Independent contractors
- Cooperatives and employee-owned businesses
- Tribal small businesses
- Private non-profits of any size
Expanded eligibility criteria and the emergency grants are only available between January 31, 2020, and December 31, 2020
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