Small Businesses Can Apply For Loans As Result Of Virus

Mar 23, 2020

Credit Sergey Kuzmin / 123rf Stock Photo

Tennessee small businesses that have been economically harmed as a result of the coronavirus outbreak can apply for U.S. Small Business Administration disaster loans. 

The state Department of Economic and Community Development said in a news release last week that small businesses and nonprofit organizations are eligible to apply for economic injury disaster loans of up to $2 million. The funds are to be used for financial obligations and operating expenses.

The request for the economic injury disaster loan declaration was submitted Wednesday.