Portman, Brown Applaud SBA Administrator’s Swift Approval for Ohio’s Application for Economic Injury Disaster Loan Program
Program Will Provide Critical Support to Ohio Small Businesses, Nonprofit Organizations
WASHINGTON, DC – Today, U.S. Senators Rob Portman (R-OH) and Sherrod Brown (D-OH) applauded Small Business Administration (SBA) Administrator Jovita Carranza’s swift approval of Ohio’s application to qualify for the Economic Injury Disaster Loan program. This approved application will help get critical resources to Ohio’s small businesses and nonprofit organizations. Small businesses in Ohio can now apply for up to $2 million in low-interest loans at disasterloan.sba.gov.
“This is good news for Ohio’s small businesses and nonprofits. This quick approval is critical to ensure that our small businesses and nonprofits have the necessary economic support to overcome the significant challenges created by this public health crisis. This funding is designed to help them weather this storm and the resulting economic fallout,” said the senators.
NOTE: Yesterday, the senators sent a letter to SBA Administrator Jovita Carranza urging quick approval of Ohio's application.