# Tennessee now approved for Small Business Loans due to COVID-19

**URL:** <https://vendors.chattanoogamarket.com/t/tennessee-now-approved-for-small-business-loans-due-to-covid-19/764>\
**Category:** Announcements\
**Created:** [March 20, 2020, 9:13pm UTC](https://vendors.chattanoogamarket.com/t/tennessee-now-approved-for-small-business-loans-due-to-covid-19/764 "2020-03-20T21:13:45Z")\
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**Author:** ![Tucker](https://yyz2.discourse-cdn.com/flex028/user_avatar/vendors.chattanoogamarket.com/tucker/32/54_2.png) [@Tucker](https://vendors.chattanoogamarket.com/u/Tucker)\
**Post date:** [March 20, 2020, 9:13pm UTC](https://vendors.chattanoogamarket.com/t/tennessee-now-approved-for-small-business-loans-due-to-covid-19/764/1 "2020-03-20T21:13:45Z")

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Governor Bill Lee has announced that Tennessee is now eligible for small business loans through the Smal Business Administration due to COVID-19.

“The SBA will work directly with state Governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the Coronavirus (COVID-19). The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.”

You can find all information can be found here: [https://disasterloan.sba.gov/ela/](https://disasterloan.sba.gov/ela/)