The Small Business Administration (SBA) offers programs that can help your business if it’s been affected by the coronavirus pandemic.
The Paycheck Protection Program (PPP) offers loans to help small businesses and non-profits keep their workers employed. If you follow the guidelines, your loan may be forgiven. And if your business has gotten its first PPP loan (draw), it may be eligible for a second draw.
Get the latest information from the SBA about the Paycheck Protection Program, including program details, who can apply, loan forgiveness, and frequently asked questions.
You can apply for a PPP Loan until May 31, 2021.
An Economic Injury Disaster Loan (EIDL) helps small businesses and nonprofits that are losing money during the coronavirus pandemic and that need funds for financial obligations and operating expenses.
SBA is accepting applications for EIDLs until December 31, 2021.
SBA’s Debt Relief Program pays the principal, interest, and fees for six months for 7(a), 504, and Microloans disbursed before September 27, 2020. Beginning in February 2021, that relief was extended for certain businesses.
For details, see the “Small Business Debt Relief Program” section, page 9 of the Small Business Owner’s Guide to COVID-19 Relief Legislation.
If you're a talent representative or operate a theater, museum, or a live performing arts or event venue, you may qualify for a grant equal to 45% of your gross earned revenue.