OIA issues info on US stimulus; hosting webinar on loans
30/03/2020
The loan assistance for small businesses comes from the Small Business Administration (SBA) Economic Injury Disaster Loan (EIDL) program. OIA will be hosting a webinar on Tuesday, March 31, at 11am Mountain Time, during which an expert from SBA will provide guidance on how to access this loan money.
EIDL is intended to help qualified businesses and non-profit organisations recover from economic losses tied to the abrupt downturn triggered by the COVID-19 disease, according to OIA. In addition to offering the webinar, the group has made information about EIDL loans — which will offer up to $2 million in assistance — available here: https://outdoorindustry.org/covid-19-resources-outdoor-industry/policy-updates-covid-19/sba-loans-covid-19/#slider
The more sprawling $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act is also explained on OIA’s website, through a single-page summary and a more detailed guide. The summary — which can be seen by clicking here — breaks down the package into key areas of small business support, direct cash payment, support for distressed sectors of the economy, unemployment expansion, and health care and safety net support.
OIA’s more detailed, section-by-section summary of the CARES Act can be found here: https://monumentadvocacy.com/wp-content/uploads/2020/03/CARES-Section-by-Section-FINAL.pdf
Share this story:
