The U.S. Small Business Administration has just approved disaster relief loans for Georgia and several other states. Small business owners in the following states are currently eligible to apply for a low-interest loan due to Coronavirus (COVID-19): California, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Indiana, Maine, Massachusetts, Montana, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Rhode Island, Utah, and Washington. Businesses that are suffering substantial economic loss as a result of COVID-19 can apply for a loan to help compensate for the temporary loss of income. Links to resources are provided below:
HLB Gross Collins, P.C. is committed to bringing you the most up-to-date and accurate information. We will continue to share relevant information as the COVID-19 situation continues to develop. Please note that this information may change from the time of publication, as the news is evolving on a daily basis. As with any business, tax, or financial guidance, you should always consult a professional to determine applicability to your specific situation.