TBA Law Blog

Posted by: Stacey Shrader Joslin on Mar 25, 2020

A new task force is launching to help small businesses as they grapple with the impacts of Nashville’s recent tornado and the ongoing COVID-19 crisis, the Nashville Business Journal reports. The task force is expected to focus on establishing available federal, state and privately-sourced small business assistance and determining how best to obtain and distribute assistance locally. At-large Councilman Steve Glover and Cristina Allen, senior adviser at Compass Executives, will chair the task force. Businesses and nonprofits impacted by the tornado and virus are eligible for the U.S. Small Business Administration's disaster loan program, which can provide up to $2 million in low-interest loans per business.