SBA extends deadline on $100M grant software to assistance businesses recover from Covid-19

The U.S. Smaller Business Administration, a federal agency, is now giving reduced-desire, prolonged-term loans to Ohio organizations and non-revenue that are having difficulties fiscally due to the fact of the coronavirus disaster. (U.S. Modest Business enterprise Administration)

The Tiny Business Administration is extending the deadline on a $100 million grant plan intended to join compact enterprises with SBA support and plans.

The ‘Community Navigator Pilot’ Software will give grants of $1 million to $5 million to qualified corporations to deliver counseling, networking and to provide as an casual link to agency assets to aid modest enterprises recuperate from the financial devastation wrought by the Covid-19 pandemic.

But the first deadline to use for these grants was July 12 — which has now been prolonged to July 23. The agency anticipates making awards under the software in September.

Browse the comprehensive story on cleveland.com’s sister internet site, Cleveland Company Journal.

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