The Coronavirus has affected all of us across the country. Some more than others. Many small non-essential businesses have had to shut their doors to help stop the spread of the virus. With having to shut their doors, there is little to no income for the business owners.
There are some resources that have been made available to provide relief to business owners. The first resource is Disaster Loan Assistance. Disaster loans provide low-interest loans to businesses of all sizes, private non-profit organizations, homeowners, and renters. To learn more and apply for Disaster Loan Assistance please visit https://disasterloan.sba.gov/ela/Information/Index.
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Another resource that has become available to business owners is the Connecticut Recovery Bridge Loan Program. This program provides small businesses with less than 100 employees, interest free loans. Eligible businesses or nonprofit organizations can apply for a loan of up to $75,000 or 3 months of operating expenses (whichever is lesser). For more information and to apply for the Connecticut Recovery Bridge Loan Program please visit https://portal.ct.gov/DECD/Content/Coronavirus-Business-Recovery/CT-Recovery-Bridge-Loan-Program.
North American Underwriters understands business owners’ needs for assistance. We have compiled a list of resources on our website as well. You can view these resources at https://www.nauinsurance.com/covid-19/. We will get through this together!
Resources:
https://disasterloan.sba.gov/ela/Information/Index
https://portal.ct.gov/DECD/Content/Coronavirus-Business-Recovery/CT-Recovery-Bridge-Loan-Program