Distribution Timeframe of Disaster Relief

Written by Kristelle

March 30, 2020

From our friends at Dreamspring:

In case you haven’t submitted an application with the SBA yet, they are now offering up to a $10,000 grant to any business that applies for the disaster relief loan.  You are supposed to receive the grant within 3 business days of applying (not sure that they will meet that turnaround time, but that is what the SBA is saying).  Whether you take the loan or not, whether you are approved or not, the advance of up to $10,000 is yours to keep, no need to repay!  I would highly encourage you to apply today, if you haven’t already.  If you have applied already, they will be sending you a supplemental form to fill out so you can get that grant.

https://covid19relief.sba.gov/#/

Related Articles

Update From NMED: SBA Money on First Come, First Serve Basis

Dear New Mexico Businesses, As most of you know, the federal stimulus guidelines were rolled out Friday. There is $350 billion allocated to small businesses. However, the SBA told us yesterday during a webinar that you have until June 30, 2020 to access this money but...

The Long Check List of Finance and Tax Help

Thanks to our friends at Atkinson & Co. here's a giant checklist to help you find out where to go and what paperwork to fill out: As information continues to flow in, and as professionals everywhere are being bombarded with questions about the various programs...

Updated SBA Application Released

The SBA has updated their application. The new streamlined SBA EIDL application is asking for bank routing numbers so they can process the 10k advance. Note: No financial statements are required. We recommend that the small business who applied a week ago, go to...

More Resources to come! 

Curated by the

Business Community

It's impossible for us to keep up with all the resources for business in New Mexico. That's why we're asking you to help us curate what we should consider a business resource. Submit a link or document now.

WE NEED RESOURCES FOR

Starting a Business

Internships

Workforce Development

Lending and Capital

Business News

Marketing and Advertising

Creating Jobs

... and more!