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Disaster loans are being offered to small businesses

disaster loan
Posted at 6:17 PM, Mar 25, 2020
and last updated 2020-03-25 19:17:57-04

GREEN BAY, Wis — (NBC 26) -- In an effort to help small businesses that are struggling through the spread of the coronavirus, state and federal programs are preparing to offer disaster relief loans.
On Wednesday morning, U.S. Small Business Administration representatives discussed how the process works during a conference call with Governor Evers and small business owners from across the state.

Right now the SBA says they are prepared to offer loans of up to 20-thousand dollars for businesses with less than 20 employees. They add that loan payments would be deferred for up to 12 months. And on Wednesday, Jeff Mirkes, the Executive Director of Downtown Green Bay Incorporated said for some business owners this could be very helpful right now.

"There are many small businesses that will benefit by just the influx of five or ten thousand dollars or working capital, just to pay some of their most current bills to keep operating."
For more information about SB2020 disaster loans, check out the following links. Some of these links give insight for businesses struggling through these challenging times, while the following link offers a path to apply for a loan.