We delivered on his vision by revamping the COVID EIDL program to expand the delivery of low-interest, flexible loans to meet the continued needs of small businesses for financial relief so they could recover. “President Biden believes we can deliver government services and ensure critical relief gets into the hands of those who need it the most with equity, speed, and certainty. “The SBA has delivered historic economic relief to millions of America’s small businesses through the COVID Economic Injury Disaster Loan program,” said Administrator Guzman. This historic level of investment in saving our small business economy has resulted in high marks of trust in the SBA among the American public. In the first three quarters of 2021, small businesses with fewer than 50 employees created 1.9 million jobs, the fastest nine-month start in any year on record. Taken together with the American Rescue Plan-funded programs – the Restaurant Revitalization Fund, the Shuttered Venue Operators Grant, the COVID EIDL Targeted and Supplemental Advance Grants, and the Paycheck Protection Program - COVID EIDL, which was often used for critical business operations such as making payroll, has helped small businesses power historic economic growth. Through the life of the program, the SBA disbursed approximately $390 billion to nearly four million small businesses and nonprofits. WASHINGTON, DC - As the country continues to transition from a historic economic recovery to stable, steady growth that works for families and small businesses, Administrator Isabella Casillas Guzman, the voice for America’s 32.5 million small businesses in President Biden’s Cabinet, highlighted the impact of the SBA’s COVID Economic Injury Disaster Loan (EIDL).
Market research and competitive analysis.
0 kommentar(er)
