All 501c entities are eligible to apply for a COVID-19 EIDL loan. This includes sorority or fraternity organizations, house corporations and other similar nonprofit organizations. The loan provides working capital of up to $2 million to small businesses and can be used for payroll, accounts payable, debt payments and other bills that could have been paid had the disaster not occurred.
Blue & Co. can complete the application process with the SBA for organizations interested for a fee not to exceed $1,750. Completing the application does not guarantee approval or fund payout. Formal approval of loan requests will come directly from the SBA.
The information requested in the attached form must be completed in its entirety and the form emailed to anovotney@blueandco.com.
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