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Mar, 2020

COVID-19 Disaster Assistance

        

VYSA Clubs/Leagues Eligible for Federal COVID
-19 Disaster Assistance

VYSA is alerting all of our clubs and leagues that they may be eligible for financial assistance
from the Small Business Administration which has been as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently passed by the Federal Government, an Economic Injury Disaster Loan declaration. Virginia has recently qualified for this assistance

Go to https://www.sba.gov/page/disaster-loan-applications to apply

Here is other relevant information
:
Any such Economic Injury Disaster Loan assistance declaration issued by the SBA makes loans available statewide to small businesses and private, nonprofit organizations to help alleviate economic injury caused by the Coronavirus (COVID-19). This will apply to current and future disaster assistance declarations related to Coronavirus.
The SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%.
The SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.
The SBA’s Economic Injury Disaster Loans are just one piece of the expanded focus of the federal government’s coordinated response, and the SBA is strongly committed to providing the most effective and customer-focused response possible.

For q
uestions, please contact the SBA disaster assistance customer service center at 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail[email protected].

Contact

Virginia Youth Soccer Association 10705 Spotsylvania Ave, Suite 201
Fredericksburg, Virginia 22408 Phone: 540-693-1430
Email: [email protected]

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