Applying for Disaster Loans
Minnesota's small businesses are now eligible for the SBA's Economic Injury Disaster Loan Program and can apply online.
Forms to Fill Out FIRST
Here's a list of documents you'll need to provide to complete the application:
Loan Training for COVID-19 Related Economic Disruptions
Join us and learn about the SBA’s Economic Injury Disaster Loan program.
Monday, March 23, 9 am: Register or 1 pm; Register
Tuesday, March 24, 9 am: Register or 1 pm: Register
Wednesday, March 25, 9 am; Register or 1 pm: Register
Thursday, March 26, 9 am: Register or 1 pm: Register
Friday, March 27, 9 am: Register or 1 pm: Register
These training's will cover program eligibility, use of proceeds, terms,filing requirements, and additional small business resources. After registering you will receive the Skype webinar log in information.
We will be conducting these training's twice a day until demand is met. Spanish language training's coming soon.
More Info on EIDL Loans
A couple of points to know about SBA Economic Injury Disaster Loans:
Info from SBA Partners and Sister Agencies
We will continue to share additional resources as they become available. This is by no means an all-inclusive list, but we hope it gives you a good starting point to get the help you need to deal with the crisis at hand.
Local Partner Info
Tax Payments Deferred Until July 15
The Treasury Department and IRS are extending the due date for Federal income tax payments due April 15, 2020, to July 15, 2020, for payments due of up to $10 million for corporations and up to $1 million for individuals - regardless of filing status - and other unincorporated entities. Associated interest, additions to tax, and penalties for late payment will also be suspended until July 15, 2020. More info is available here.
For more on SBA programs for the coronavirus, please visit www.sba.gov/coronavirus.
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