SBA giving out up to $2 million loan per small business owner affected by COVID-19.

The US. Small Business Administration is offering low interest long-term business loans to small business owners going through hardship due to COVID-19.

The funds can be used to cover accounts payable, debt, payroll and other fixed costs that are necessary in order for a business to survive during this uncertain time.

You can apply online or mail the application with all the required documents to obtain the loan. The decision on the application should be made within 2-3 weeks.

What is required to take advantage of this low interest COVID-19 assistance loan?

* Business Loan Application

* Federal Income Tax Return

* Personal Financial Statement

* Schedule of Liabilities

* Year-end profit and loss statement and Balance Sheet

* Year-to-date profit and loss statement

* Additional filing requirements providing monthly sales figures

For more information visit https://www.sba.gov/