Applications now available for HELP hospitality industry loans; SBA loans also available

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The Delaware Division of Small Business has released the application for the State of Delaware Hospitality Emergency Loan Program (HELP) is available  here.

The program offers no-interest loans of up to $10,000 a month for Delaware hospitality businesses affected by the Coronavirus outbreak. Restaurants are closed to all but take-out and delivery in Delaware under an emergency declaration.

The loan is limited to businesses in specified NAICS codes and businesses that have been generating revenue for at least 12 months.

For questions, email business@delaware.gov.

For businesses not eligible for HELP, the SBA is offering low-interest Economic Injury Disaster Loans of up to $2 million per business. Click here  to learn about applying for an EID loan.

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