Coronavirus (COVID-19): Relief options and Additional Resources
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SBA Offers Assistance toArkansas Small Businesses Impacted by Coronavirus (COVID-19)

Release Date: 
Friday, March 13, 2020
Release Number: 
AR-20-01
Contact: 
Edward Haddock - (501) 324-7379 x225 – edward.haddock@sba.gov

LITTLE ROCK – The U.S. Small Business Administration’s Arkansas District Office is providing additional guidance for those small businesses that may be impacted by Coronavirus (COVID-19) in Arkansas. SBA continues to assist small businesses with accessing federal resources, such as working capital loans and counseling, and navigating their preparedness plans through our network numerous Resource Partners located around the state. Additionally, SBA has launched an online resource page Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease 2019 (COVID-19) at: SBA.gov/Coronavirus 

When faced with a business need, please use the SBA’s Local Assistance Directory to locate the office nearest you at SBA Local Assistance. Please call ahead to schedule a virtual counseling session as most of the physical offices have closed as our network is taking precautionary measures by moving counseling sessions to virtual and phone-in meetings.

The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Upon a request received from a state’s or territory’s Governor, SBA will issue under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, an Economic Injury Disaster Loan declaration. Any such Economic Injury Disaster Loan assistance declaration issued by the SBA makes loans available to small businesses and private, non-profit organizations in designated areas of a state or territory to help alleviate economic injury caused by the Coronavirus (COVID-19).

SBA’s Office of Disaster Assistance will coordinate with the state’s or territory’s Governor to submit the request for Economic Injury Disaster Loan assistance. If your business has been directly impacted by Coronavirus (COVID-19) please contact your local county emergency management official.

Our agency stands ready to support any request made from the Governor’s office and will continue to offer SBA programs and services like no-cost counseling to small business throughout anyone of our numerous resource partners throughout the state.

For more information, contact District Director Edward Haddock at edward.haddock@sba.gov.

 


About the SBA Arkansas District Office: The SBA Arkansas District serves Arkansas with locations in Little Rock and Northwest Arkansas. SBA Arkansas District staff provides resources and services to small businesses across Arkansas. Visit www.sba.gov/ar or follow @SBA_Arkansas for more information including resource partners, lenders, workshops, success stories and other resources to help small businesses start, grow and succeed.