EDA CARES Act Funding

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, provided the Economic Development Administration (EDA) with $1.5 billion for economic development assistance programs to help communities prevent, prepare for, and respond to coronavirus.

The EDA’s Revolving Loan Fund Program provides access to capital to enable small businesses to grow and generate new employment opportunities and help them to retain jobs that might otherwise be lost, create wealth and support minority and women-owned businesses. You can apply for this low interest loan on the SAP&DC website at www.SAPDC.org.