Small Business Help This Holiday Season
07 Dec 2020
We know that our business customers are facing a unique set of challenges as a result of the COVID-19 pandemic. UGI understands that your business relies on its operation to maintain payroll, insurance, and utilities to name a few. Because of that, we’re working with legislators, local Chambers of Commerce, and building associations to identify and communicate programs available to help business customers.
In addition, the UGI Business support team has been working diligently to gather information we know our business customers need.
The information is from a variety of sources, and content changes frequently. We recommend checking with your accountant, financial institution or one of the organizations referenced below if you have questions or concerns about the available assistance programs offered as a result of the Coronavirus Aid, Relief and Economic Security (CARES) Act.
Economic Injury Disaster Loans (EIDL) provide working capital of up to $2 million; funds available within three days of successful application. Get an advance on loan up to $10,000, with no need to repay the loan.
Small Business Administration Debt Relief provides a reprieve to small businesses as they overcome challenges created by the current health crisis. SBA will pay principal and interest of new 7(a) loans issued prior to September 27, 2020. SBA will pay principal and interest of current 7(a)
loans for period of six months.
Small Business Administration Express Bridge is for businesses waiting for Economic Injury Disaster Load disbursement. Small businesses with an existing relationship with an SBA Express Lender may access up to $25,000 with less paperwork. The loan will be repaid in full or in part by proceeds from EIDL loan.
Save Small Business Fund provides $5,000 in short-term relief. Employer criteria includes having between 3 and 20 employees; Operating in one of a select group of economically vulnerable zip codes; and has been harmed financially by the COVID-19 pandemic.
Large Commercial and Industrial Accounts with a rate category of DS, LFD, XD or IS that are experiencing financial strain as a direct result of COVID-19 should contact our Large Customer Billing group at [email protected] or 866-615-0571 to discuss available payment options.
For additional assistance, our UGI representatives are available Monday through Friday, 8am-5pm at 800-276-2722 or visit www.ugi.com.