HCDC urges small business to fill out Disaster Loan Declaration forms

(March 17, 2020 - Blue Ash) 

HCDC is asking small businesses to help expedite the Disaster Assistance Loan process. 

This following email was sent by HCDC today: 

"All federal agencies are working together to protect public health, including the U.S. Small Business Administration. The agency’s top priority is to ensure Ohio small businesses – which total nearly 950,000 – can continue their contributions to the state’s economy, and our nation.

The SBA is working directly with Governor DeWine’s office to facilitate a disaster declaration from the SBA for businesses to be eligible for Economic Injury Disaster loans. To expedite this process, the SBA and State of Ohio need your help in disseminating the attached Disaster Loan Declaration form to harmed businesses in your community to fill out so as to activate the Disaster Loan Program in Ohio.

Once a business has completed this Disaster Loan Declaration, please email the completed forms to james.laipply@development.ohio.gov.

Once that declaration is made and the SBA has confirmed it, the SBA will be able to move forward and open up Economic Injury Disaster Loan Process to Ohio businesses. This SBA Direct Loan Program can provide a loan of up to $2 million per small business to assist with economic recovery.

 Please know that this is not the application for the Disaster Loan Program, but a document to help the SBA determine that the State of Ohio is in a disaster area due to the Coronavirus / COVID-19.

 We sincerely appreciate your help in this effort."