On March 20, 2020, Tennessee received a declaration for Economic Injury Disaster Loan assistance from the U.S. Small Business Administration. Small businesses and nonprofit organizations that have suffered economic injury as a result of COVID-19 can apply for loans up to $2 million per applicant to help meet financial obligations and expenses.
To apply online, applicants should visit: https://disasterloan.sba.gov/ela/. Due to the high volume, users may experience issues applying online. Applicants can call toll-free at 800-659-2955 or email [email protected] for assistance or additional information.
If you are looking to apply for the SBA’s Paycheck Protection Program, click here.