Small business deadline near for COVID relief program

Yotopia in Iowa City was one of several restaurants in the Corridor to receive an Iowa Small Business Relief Grant in 2020 to help sustain it through the coronavirus shutdown. (The Gazette)

As the year ends, so are many of the funding programs that helped small businesses through the coronavirus pandemic.

The U.S. Small Business Administration is advising business owners to submit their online applications and reach out with questions before Dec. 31.

Applications for the COVID-19 Economic Injury Disaster Loan program will be processed until funds run out, according to the SBA.

The EIDL program provides low-interest, fixed-rate loans directly from the SBA that must be repaid.

Businesses also can apply for the program’s Targeted EIDL Advance or Supplemental Targeted Advance, which is money from the…

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