SBA Seeking Small Businesses Affected by COVID-19
The Coronavirus Preparedness and Response Supplemental Appropriations Act 2020 (H.R. 6074) expanded the Small Business Act’s definition of a disaster to include Coronavirus (COVID-19). As a result, the SBA will be able to provide Economic Injury Disaster Loans (EIDLs) under a Governor’s Certification Disaster Declaration. In order for SBA to issue an EIDL declaration, the Governor must submit a written request to SBA with supporting economic injury loss information that certifies at least five small businesses in a disaster area have suffered substantial economic injury as a result of the disaster.
The SBA is looking to find small businesses that have suffered substantial economic injury as a result of the Coronavirus. Substantial economic injury occurs when a business is unable to meet its obligations as they mature or to pay its ordinary and necessary operating expenses.
A handout is linked below. If your business meets this criteria, please complete the estimated disaster economic injury worksheet and submit it to the West Virginia Governor’s Office at your earliest opportunity to:
Attn: Ann Urling
Deputy Chief of Staff
Office of Governor Jim Justice
1900 Kanawha Boulevard, East
Charleston, WV 25305
Visit SBA.gov/disaster for more information.