HERMANTOWN, MINNESOTA ~~ March 21, 2020 (LSN) Today, Congressman Pete Stauber (MN-08) announced that the U.S. Small Business Association (SBA) has authorized disaster assistance in the form of SBA Economic Injury Disaster Loans (EIDL) for Minnesota small businesses impacted by the coronavirus pandemic.
This announcement follows a letter sent earlier this week from the Minnesota Congressional Delegation to Small Business Administrator Jovita Carranza calling on the SBA to provide assistance to Minnesota businesses through EIDLs. Read a copy of the letter, HERE.
Of this announcement, Congressman Stauber stated, “Over the last week, I have heard from many small business owners and workers across Minnesota’s Eighth Congressional District who are hurting as a result of the coronavirus pandemic. I take these concerns very seriously, so I am incredibly thankful to the SBA for responding to our request for assistance.
Stauber concluded, stating, “I know that small businesses are the backbone of our economy and deserve our undying support. As a Member of the House Small Business Committee, I will continue to search for ways to help Minnesota’s small businesses overcome this difficult period.”
EIDLs provide working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes to help meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster.
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