COVID-19 Guidance & Resources
March 24, 2021
COVID-19 relief options
SBA offers several relief options to help businesses, nonprofits, and faith-based organizations recover from the impacts of COVID-19. Review all options or skip to a specific program in the information that follows. SBA is currently offering Paycheck Protection Program (PPP) loans until March 31, 2021. President Biden announced program changes to make access to PPP loans more equitable. 1. Find a lender: -Get matched with a lender -Search for lenders in your area 2. Identify a PPP loan type: -First Draw PPP loans: If you have not received a PPP loan before, First Draw PPP loans are available to you. -Second Draw PPP loans: If you have previously received a PPP loan, certain businesses are eligible for a Second Draw PPP loan. SBA is also currently offering the following funding options: -COVID-19 Economic Injury Disaster Loan (EIDL) -SBA debt relief (for existing borrowers) SBA is preparing to offer: -Shuttered Venue Operators Grant (SVOG) -Restaurant Revitalization Fund Grants SBA is contacting eligible businesses regarding: -Targeted EIDL Advance (limited eligibility) SBA previously offered the following funding option: -EIDL Advance (No longer available) -Express Bridge loans (No longer available)
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