Resources For Music Businesses And Industry Workers In Need Amidst The Pandemic
Ongoing event cancellations and business closures in the wake of the COVID-19 pandemic have thrust artists, music companies and behind-the-scenes entertainment workers into an unprecedented state of financial uncertainty.
Below are some resources where businesses and workers can apply for emergency financial assistance on the local and federal level, contribute to data-collection and advocacy efforts and establish an interim foundation for generating recurring revenue online. (Head here for a list of ways fans can help support artists and industry workers, too.)
Economic Injury Disaster Loans from the U.S. Small Business Administration
The U.S. Small Business Administration (SBA) has made coronavirus-related Economic Injury Disaster Loans (EIDLs) available to small businesses in 36 states and Washington, D.C.
Small businesses in qualifying states have a while — until mid-December 2020 — to apply for up to $2 million in disaster-relief loans at a low interest rate of 3.75% (2.75% for
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