SBA Coronavirus Funding Options

Our nation’s small businesses are facing an unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak. On Friday, March 27, 2020, the President signed into law the CARES Act, which contains $376 billion in relief for American workers and small businesses.

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. Learn more

• EIDL Loan Advance

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

• 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. Learn more
• SBA Debt Relief
  • The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic. Learn more