A Message from the Chairman

The Southwest Gwinnett Chamber was formed to help promote business here in the southwest corner of Gwinnett County. One way we can help is by keeping abreast of the resources that can assist our business community. Here is some useful information for small businesses interested in accessing low interest disaster assistance loans directly from the SBA.

• The loans can be used to pay debts, payroll, accounts payable and other bills that can’t be paid as a result of the Covid-19 virus.
• Current guidelines state small businesses without credit available elsewhere are eligible; however, there is pending legislation that would make all small businesses to be eligible up to $350K based solely on the applicant’s credit score and not require to find the applicant is unable to obtain credit elsewhere.
• The SBA requires that each state request assistance before they can extend the program; Gov. Kemp has done that and Georgia has now been added to the program.
• The website is https://www.sba.gov/funding-programs/disaster-assistance. Interested businesses should click the link to apply and check back periodically for any updates to the program.

Thanks,
Weare Gratwick