Deferment on Existing SBA Disaster Loans: On Monday, March 23, 2020, SBA Administrator Jovita Carranza announced they will defer existing disaster loans through December 31, 2020. Businesses that are currently paying off these loans do not need to contact the SBA, deferment is automatic.
DC’s Small Business Recovery Microgrants: Small business grants of $1,000, $10,000 and $25,000 are available to businesses located in DC who have seen at least a 25% revenue loss due to the pandemic. LEDC is one of four organizations selected by the city to disperse these business grants. Businesses interested in receiving more information about the grant from LEDC can