OH Turns To The SBA

Ohio’s leadership is looking to the federal government to help out small businesses feeling the pain from the coronavirus. Gov., DeWine and Lt. Gov., Jon Husted have appealed to the Small Business Administration to qualify the state for the Economic Injury Disaster Loan program. If approved, the program would enable small businesses and non-profits impacted by coronavirus to apply for low-interest loans, up to $2 million dollars, to replace lost revenue. The loans have a maximum term of 30 years.