Due to increased strain on local businesses as a result of COVID-19, the U.S. Small Business Administration is offering a Economic Injury Disaster Loan Program.

This program can provide low-interest loans of up to $2 million to small businesses and private non-profits.These loans may be used to pay fixed debts, payroll, accounts payable and other bills. The current interest rate is 3.75% for small businesses and 2.75% for non-profits.These loans have long-term repayment options, up to a maximum of 30 years.

To apply, visit SBA.gov/disaster.