Wednesday , October 21 2020

COVID-19 Small Business Loan Information Economic Injury Disaster Loan Program

COVID-19 Small Business Loan InformationSmall business owners in all U.S. states and territories are currently eligible to apply for a low-interest loan due to Coronavirus (COVID-19). For More Information, please visit SBA.gov

Find more information on the SBA’s Economic Injury Disaster Loans at: SBA.gov/Disaster. The SBA will work directly with state Governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the Coronavirus (COVID-19). The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

For more information, please visit https://disasterloan.sba.gov/ela/

COVID-19 SBA Express Bridge Loans
Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. If a small business has an urgent need for cash while waiting for decision and disbursement on Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.

Terms
. Up to $25,000
. Fast turnaround
. Will be repaid in full or in part by proceeds from the EIDL loan

Coronavirus Disease 2019—FEMA
FEMA is working with the Department of Health and Human Services and state, local, tribal and territorial governments to execute a whole of government response to fight the COVID-19 pandemic and protect the public.

To find out more, please visit https://www.fema.gov/coronavirus

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