JEDCO Explains Loan Process
METAIRIE – From the Jefferson Economic Development Comission:
JEDCO has been continuously updating our COVID-19 resource page as information is received. You can print out our CARES Act overview here. Many companies are already inquiring about how to start the loan process for EIDL and PPP loans. EIDL loans are applied for through the SBA website at https://www.sba.gov/funding-programs/disaster-assistance. PPP loans are provided through traditional lending institutions. We have provided a list of known participants and will update as other banks and lending institutions indicate their willingness to provide the program. Banks are anticipating guidance from the Federal Government soon and; hopefully, these funds can start flowing to businesses.