The EIDL and PPP are closed – here’s 5 important things to know

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The Small Business Administration announced yesterday that the Economic Injury Disaster Loans and the Paycheck Protection Program are closed for now, due to a lack of funding. We know this is devastating news for our worker co-ops that are struggling to maintain their businesses now, so here’s some information to help your organizations at this time:

  1. If you already applied for the EIDL or PPP, your loan will still be processed on a first-come first serve basis. If you have applied for either, please fill out this form to let us know.
  2. If you did not yet apply – you should still get ready to apply for round 2. A new infusion of money will almost certainly be directed to these funds in the coming weeks, so make sure you are ready. We’re here to help – email with any questions..
  3. Apply for grants and loans that are still available. Check out the Cooperative Development Foundation Disaster Fund, the Emergency Loan Fund from  Shared Capital Cooperative, and the COVID-19 Co-op Emergency Fund & Resources from the Cooperative Fund of New England (for NE folks).
  4. Stay tuned to our website for updates. Our website will include any relief funds resources we find through the SBA or otherwise. We also have a frequently asked questions document to answer the questions you’ve asked so far.

Help the USFWC to continue providing the latest information to support worker co-ops curing the COVID-19 crisis – become a sustainer today.


What is your worker co-op doing during COVID-19?

We have been inspired by co-ops like Access Cooperative who are offering free a half hour consultation to people that are trying to figure out Language Justice in their organizations.

Find out what other worker co-ops are offering, and share how we can support your business.


Join the conversation on Slack

The USFWC Worker Co-op Slack is open to the community — it is a platform to help people in the worker co-op community to connect and share information. Read our Slack Chat guide and join here


Posted in Member News, News, Public Policy and Advocacy.