SBA extends deadline on $100M grant method to aid corporations recover from Covid-19

The U.S. Compact Business enterprise Administration, a federal agency, is now offering minimal-desire, extended-phrase financial loans to Ohio enterprises and non-profits that are having difficulties financially for the reason that of the coronavirus crisis. (U.S. Modest Business Administration)

The Compact Small business Administration is extending the deadline on a $100 million grant method designed to join little corporations with SBA support and systems.

The ‘Community Navigator Pilot’ Application will present grants of $1 million to $5 million to suitable companies to present counseling, networking and to provide as an casual connection to agency methods to assist little firms get better from the economic devastation wrought by the Covid-19 pandemic.

But the initial deadline to implement for these grants was July 12 — which has now been extended to July 23. The company anticipates generating awards beneath the system in September.

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