Interesting SBA disaster relief loan for business w/ less than 500 employees Interest
a friend of mine told me about this loan. it's a loan through the sba with a $ 10,000 advance that apparently doesn't need to be repaid.
"this advance will provide economic assistance to businesses that are currently experiencing a temporary loss of income. funds will be provided after successful application. this credit advance will not have to be repaid."
I can't help but wonder what's stopping a business like mine, which hasn't really been affected, from applying and getting 10 grand. I'm thinking of applying and, if I get $ 10,000, identifying a few local businesses that need the money and turning them over to the owners. Oto I feel that I should not apply and keep the funds available to those who really need them.