The Small Business Administration will be getting $310B in funding for the Payment Protection Program, with $125B specifically for under-banked and minority-owned businesses, and $10B in an Economic Injury Disaster Loan Emergency Advance. The SBA will process these applications on a first-come, first-serve basis as they receive them from SBA-approved banks or lenders.
If you run a small business or non-profit, are a sole proprietor, or a contractor you should immediately apply by going to the City of New Haven’s COVID-19 website and clicking on the “Together New Haven” link. The first round of money that was released 3 weeks ago was used up in 14 days. If you need assistance, call the City of New Haven at (203) 946-7050 and we can direct you to the right place.
Thank you for your cooperation throughout this challenging time. I encourage you to stay home and stay safe.
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