US Small Business Administration Coronavirus Relief – Funding Options
Multiple funding options for businesses seeking relief, including Paycheck Protection, EIDL Loan Advance, SBA Express Bridge Loans and SBA Debt Relief.
Paycheck Protection Program
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
Economic Injury Disaster Loan Emergency 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.
Economic Development Planning and Recovery
Developed and managed by IEDC with generous support from the U.S. Economic Development Administration – for the news and resources your economic development organization (or partner organization) needs.