17 Mar Status: SBA loans for Businesses Impacted by COVID-19

This morning, March 17th, the U.S. Small Business Administration held a webinar on the current status of SBA funding for businesses impacted by the COVID-19 virus.The main funding tool is SBA Disaster Assistance loan for working capital to small businesses. The size of a business, by SBA definition, is dependent on industry, revenue, and employees on payroll. A vast majority of Greater Mankato businesses would meet the criteria, as well as non-profits.