Section 9613 (Economic Injury Disaster Loans)
GPTKB entity
Statements (32)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
section of the CARES Act
|
| gptkbp:administeredBy |
gptkb:Small_Business_Administration
|
| gptkbp:dateEnacted |
2020
|
| gptkbp:emergencyAdvance |
does not need to be repaid even if loan is denied
|
| gptkbp:enactedBy |
gptkb:United_States_Congress
|
| gptkbp:expandsEligibility |
gptkb:ESOPs
independent contractors cooperatives sole proprietors private non-profits tribal small business concerns |
| gptkbp:fundedBy |
cover other bills affected by the disaster
pay accounts payable pay fixed debts pay payroll |
| https://www.w3.org/2000/01/rdf-schema#label |
Section 9613 (Economic Injury Disaster Loans)
|
| gptkbp:mainInterest |
2.75% for nonprofits
3.75% for small businesses |
| gptkbp:maximumLoanAmount |
up to $2 million
|
| gptkbp:partOf |
gptkb:CARES_Act
|
| gptkbp:provides |
emergency advance within 3 days of application
emergency grants up to $10,000 |
| gptkbp:purpose |
to expand access to Economic Injury Disaster Loans for small businesses
|
| gptkbp:relatedTo |
gptkb:Economic_Injury_Disaster_Loans
|
| gptkbp:removes |
one-year tax return for approval
personal guarantee for loans under $200,000 unable to obtain credit elsewhere |
| gptkbp:targetAudience |
nonprofits
small businesses agricultural businesses |
| gptkbp:bfsParent |
gptkb:American_Rescue_Plan_Act
|
| gptkbp:bfsLayer |
5
|