Tennessee Governor Bill Lee announced today that Tennessee small businesses impacted by the COVID-19 crisis are eligible to apply for loan assistance through the U.S. Small Business Administration’s new Paycheck Protection Program (PPP). Businesses can begin applying for these loans with eligible financial institutions beginning Friday, April 3, 2020.

Today, Gov. Bill Lee announced that Tennessee has received a declaration for Economic Injury Disaster Loan assistance from the U.S. Small Business Administration in response to a request submitted on Wednesday, March 18.

Today, Gov. Bill Lee announced he has submitted a request for Economic Injury Disaster Loan assistance to the U.S. Small Business Administration. Once the declaration is made, all Tennessee small businesses and nonprofit organizations that have suffered economic injury as a result of COVID-19 will be eligible to apply for disaster loan assistance of up to $2 million per applicant.

Broadband access is more important than ever as many Tennesseans have been instructed to stay home from work and school as a result of the COVID-19 pandemic.