Tags Current economic crisis
Tag: current economic crisis
Why bother? A question by Black small businesses during the COVID-19...
Some minority-owned small businesses applied for the Economic Injury Disaster Loan (EIDL) by the initial March 31, 2020, deadline and again thereafter. The EIDL program was intended to provide working capital to small businesses – apparently not exclusively – with funding of up to $2 million, including an immediate $10,000 advance within a few days after applications were submitted to the Small Business Administration (SBA).