Ohio has been declared a disaster state, therefore making Ohio businesses and non-profits statewide eligible to apply for the SBA Economic Injury Disaster Loan (EIDL) assistance. Please understand that these will be loans requiring repayment. The loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact.
These loans are only intended as working capital loans utilized to assist with impact caused by the coronavirus emergency efforts. The EIDL’s are not for other purposes such as expansion, new equipment, property purchase, etc. that do not have anything to do with the national emergency we are facing.« Back to Blog