The Delaware Division of Small Business needs your help.
Delaware is working on requesting an Economic Injury Declaration from the U.S. Small Business Administration. This will open up new loan options for small businesses in the state to help them better weather effects of the Coronavirus.
Federal regulations require that we provide the SBA with information on multiple businesses negatively impacted by the coronavirus to qualify for the declaration. The Division of Small Busines is looking to gather at least 25 responses.
The form asks you to roughly estimate the impact you think Coronavirus could have on your business revenue over the next nine months and to compare that to revenue from the past nine months. What the SBA is looking for is some expectation of a decline as a result of the change in economic conditions.
The sooner the division has forms from the necessary number of affected businesses, the sooner the declaration process can begin, and the sooner the federal financial support will be available, a release stated.
If you need assistance filling out the form, we are here to help, call 302-577-8472, or email business@delaware.gov with any questions.
Further info on Delaware’s Coronavirus efforts is available at de.gov/coronavirus. And for business-specific information, you can follow the Division of Small Business on Facebook (@delawaresmallbusiness) or Twitter (@delbiz) or visit delbiz.com/blog.
