COVID-19 Economic Injury Disaster Loans (EIDL)

Rescheduled to Wednesday, December 15th – 1:00 pm – 2:00 pm

Learn how this federal small business loan program supports small businesses’ recovery from the COVID-19 disaster’s economic impacts by providing accessible and borrower-friendly capital. Loans are direct from SBA that must be repaid; low-interest (3.75% business /2.75% non-profit) fixed-rate, 30-year long-term loan to help overcome the effects of the pandemic by providing working capital to meet operating expenses. Use may go toward working capital to make regular payments for operating expenses, including payroll, rent/mortgage, utilities, and other ordinary business expenses, and to pay business debt incurred at any time (past, present, or future).

Presenter

Terry A. Bolden serves as the Deputy District Director for the U.S. Small Business Administration’s Central and Southern Ohio District Office, managing the delivery of the agency’s financial assistance, technical assistance and government contracting activities to customers and stakeholders throughout 60 of Ohio’s 88 counties.

Bolden is a dedicated public servant with over 25 years of an exemplary track record in leadership, business development, infrastructure, and heavy highway transportation. Bolden is recognized as an effective collaborator, creating strategic alliances across the state of Ohio.

In 2020, Bolden joined the SBA after serving in key roles with Federal, State and local government agencies throughout Ohio. Bolden’s previous roles include: Manager for the City of Columbus Mayor’s Office of Diversity and Inclusion; Administrator at the Ohio Department of Transportation (ODOT); Business Advisor for the U.S. Department of Commerce; Compliance Officer with the Northeast Ohio Regional Sewer District; and Construction Inspector with the City of Cleveland Water Department.

A native Clevelander and graduate of Cleveland State University, Bolden has a passion serve his fellow Ohioans achieve prosperity.