Maybe you work as an independent contractor. Or, you run a small business out of your home. Perhaps you’re an employer, too. If you’ve lost business to COVID-19, you might be eligible for a DC grant program or a low-interest federal loan.
DC Public Health Emergency Small Business Grant Program
Am I Eligible? You are a DC business enterprise that is both local and small; a non-profit entity, or an independent contractor or self-employed individual ineligible for unemployment insurance. At least 25% revenue loss due to COVID-19.
Suggested Documents: 2017 & 2018 Tax returns (personal returns accepted if business returns unavailable); 2019 Profit & Loss Statement; Schedule of Liabilities
How Do I Apply? Visit coronavirus.dc.gov/recovery-business.
US Small Business Administration Disaster Loans
Am I Eligible? The SBA offers disaster assistance in the form of low-interest loans to businesses, renters, and homeowners located in regions affectedly declared disasters.
How Much? Up to $2 million loans with repayment beginning 12 months after loan is approved.
How Do I Apply? Visit: sba.gov/funding-programs/disaster-assistance or call 1-800-659-2955.
Discover more from Forest Hills Connection | News and Life in Our DC Neighborhood
Subscribe to get the latest posts sent to your email.