Do You Know a MedTech Business in Need of Government Help During the COVID-19 Crisis?

March 1, 2020 MedWorld Advisors

If you know a US MedTech business that could still use a little help due to the COVID impacts, we have a listed a positive update on the SBA EIDL program on our website. Feel free to review and apply if helpful for you or feel free to review and forward if you know someone that it may help! And whether you need it or not, we continue to send you our best wishes for a strong Q3 recovery from the recent COVID challenges!

To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19 today.

The SBA is strongly committed to working around the clock, providing dedicated emergency assistance to the small businesses and non-profits that are facing economic disruption due to the COVID-19 impact. With the reopening of the EIDL assistance and EIDL Advance application portal to all new applicants, additional small businesses and non-profits will be able to receive this long-term, low-interest loans, and emergency grants – reducing the economic impacts for their businesses, employees, and communities they support,” said SBA Administrator Jovita Carranza. “Since EIDL assistance due to the pandemic first became available to small businesses located in every state and territory, SBA has worked to provide the greatest amount of emergency economic relief possible. To meet the unprecedented need, the SBA has made numerous improvements to the application and loan closing process, including deploying new technology and automated tools.