Small Business Association Launches Application & More on Additional Relief Under Cares Act

April 1, 2020

The Small Business Association has launched the COVID-19 ECONOMIC INJURY DISASTER LOAN APPLICATION.

Important: the typical requirement in the disaster loan program of demonstrating that you pursued an insurance claim has been removed. Therefore, you do not need to file an insurance claim as a precursor to the loan application.

The Treasury Department has announced that loans will be available as follows:

• April 3 for small businesses and sole proprietorship
• April 10 for independent contractors and employees

If you are looking for more information on eligibility for loans, tax credits available and other relief, below are several resources:

• Presentation prepared by the General Counsel to the Council of Insurance Agents and Brokers (CIAB).
• Information on Expansion of SBA Disaster Loan Program 15 U.S.C. 636(b)(2)
• FAQ prepared by Parker McCay

Please visit our COVID-19 Resource Center for all Conner Strong & Buckelew updates related to the coronavirus.

Click here for a printable download.

NOTE: THE RESOURCES PROVIDED ON THIS PAGE SHOULD NOT BE INTERPRETED AS LEGAL ADVICE. IF YOU HAVE ANY QUESTIONS, PLEASE CONSULT YOUR LEGAL COUNSEL