Coronavirus (COVID-19): Small Business Guidance & Funding Options, Small Business Administration

Small Business Administration

https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to address the COVID-19 outbreak.

Paycheck Protection Program


This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program.

EIDL Loan Advance


This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.

SBA Express Bridge Loans


Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.

SBA Debt Relief


The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic.