The economic injury assistance program that Governor Brown may request from the U.S. Small Business Administration (SBA) is called the Economic Injury Disaster Loan (EIDL) Program. It can provide low-interest working capital loans to small businesses, small agricultural cooperatives, and most private nonprofit organizations. Loans cannot be made to governmental entities, including Tribes. Further information can be found: https://www.sba.gov/disaster-assistance/coronavirus-covid-19
SBA declarations are done by county, and once declared, the assistance is made available in contiguous counties, even across state lines. For those of you receiving this who are not county employees, please work with your county on this.
I have attached the SBA “ESTIMATED DISASTER ECONOMIC INJURY WORKSHEET FOR BUSINESSES.” Most of the form entries are obvious, but business owners completing the form should be advised that:
- Despite the May 2010 form date on the bottom right corner of the Worksheet, it is the current version.
- Worksheets need to be fully completed, with all questions answered regarding business revenues, whether there was any business interruption insurance, as well as the comments section. The comments section should indicate that the economic impacts are a direct result of COVID-19.
- The SBA has determined that the incident start date is January 31, 2020; the end date can (and will) vary from one business to the next, and can be answered as “unknown” or “undetermined.”
- The Worksheet is not an application for assistance.
- Completing a Worksheet does not commit the business to later requesting the assistance, nor must a business complete a Worksheet in order to later request assistance. The Worksheets submitted merely give Governor Brown the evidence necessary to request an EIDL declaration from the U.S. SBA.
Please email completed worksheets to Joseph and Sonya as you receive them.
One option will be to scan them to PDF and email us the PDF.
For confidentiality, the Worksheets should not otherwise be shared with anyone other than Sonya and me without the business owner’s permission.
The Worksheets help the SBA to measure lost revenue (lost sales), and employee lay-offs at economically impacted small businesses.
In order to request the assistance, Governor Brown will need a minimum of five Worksheets statewide that make a good case for economic injury, and at least one for each county that wants to be included in the declaration request.