SBA Creates Online Recovery Assistance Application


The Small Business Administration created an online application for disaster victims to apply for recovery assistance. The application is available to homeowners and renters whose home or personal property is damaged by an event declared a disaster by the president or the SBA administrator. Businesses and nonprofits can apply for assistance to cover losses to real estate and property, as well as economic injury.

The application provides on-screen help, including a glossary to explain terms that are unfamiliar to the applicant. It also automatically checks for errors and provides prompts when additional information is necessary. The SBA says the electronic loan application is as secure as buying an airline ticket online.

The application is available on the SBA’s secure Web site at https://disasterloan.sba.gov/ela/.

SPONSORED REPORT

Get your clients ready for tax season

These year-end tax planning strategies address recent tax law changes enacted to help taxpayers deal with the pandemic, such as tax credits for sick leave and family leave and new rules for retirement plan distributions, as well as techniques for putting your clients in the best possible tax position.

RESOURCES

Keeping you informed and prepared amid the coronavirus crisis

We’re gathering the latest news stories along with relevant columns, tips, podcasts, and videos on this page, along with curated items from our archives to help with uncertainty and disruption.