UPDATE: WFCA Provides Additional Information on SBA Loans
The World Floor Covering Association provided information on Small Business Administration (SBA) Economic Injury Disaster Loans. To help members decide on how to move forward and whether they should consider applying for such loans, WFCA is providing additional information.
Eligibility: In order to qualify as a “small businesses,” a business must be independently owned and operated, and meet SBA size standards by NAICS code. For flooring retailers, they must have less than 500 employees to be eligible. In evaluating an application, the SBA will consider: