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Finance Your Business

Find loans backed by the government and other funding options. Learn about emergency loans and tax relief available to businesses through the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Coronavirus Financial Help for Small Businesses

Please note: The Small Business Administration has placed the following on its Paycheck Protection Program page.

Notice: Paycheck Protection Program closed August 8, 2020

Current law dictates that the Paycheck Protection Program (PPP) close at the end of August 8, 2020. As such, SBA is no longer accepting PPP applications from participating lenders 

If your business has been hurt by the coronavirus (COVID-19), the Small Business Administration has options that may help you. For declared disasters, the SBA offers low-interest disaster loans for businesses. And now, its new programs can help businesses affected by the coronavirus pandemic.

These programs were authorized under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed on March 27, 2020.

Paycheck Protection Program

The Paycheck Protection Program provides help for:

  • Businesses with less than 500 employees

  • Private non-profit organizations

  • Veterans organizations

The program offers loans for payroll and certain other expenses. Businesses that pay all employees for eight weeks will not have to repay loans used for:

  • Payroll

  • Rent

  • Mortgage interest

  • Utilities

Economic Injury Disaster Loan Emergency Advance

The COVID-19 Economic Injury Disaster Loan provides a loan advance for businesses losing money due to the coronavirus. These loans can help you pay:

  • Continuation of health care benefits

  • Rent

  • Utilities

  • Fixed debt payments

Apply for a COVID-19 Economic Injury Disaster Loan.


SBA Express Bridge Loans

If your business has a relationship with an SBA Express lender, you can borrow up to $25,000 fast under the SBA Express Bridge Loan program.

SBA Debt Relief

The SBA will pay the principal, interest, and fees of some types of loans through September 27, 2020. It may also defer loan payments on disaster loans through December 31, 2020.

Finance Your Business

Explore government-backed loans and funding programs for your business.

Small Business Loans

Government loan programs offer financial support to people starting or expanding a business. This helps those who may have trouble qualifying for a traditional bank loan. 

In these programs, you’ll apply by creating a loan package with a participating lender. The federal government will guarantee a portion of the loan and will repay the lender if you default. This government guarantee reduces the risk to the lender and increases the likelihood of a loan being offered. 

Use these government resources and services to find a loan that best suits your business needs: 

  • Small Business Administration (SBA) - Explore many types of loans for starting and expanding a business, handling disasters, and exporting goods.  

  • U.S. Department of Agriculture (USDA) - Get information on government-guaranteed loans for rural businesses and local program contacts. 

  • GovLoans - Research many types of federal loans for your business and learn how to apply.  

  • Small Business Lending Fund (SBLF) - The SBLF is an initiative of the U.S. Treasury Department. It provides capital to qualified community banks and community development loan funds (CDLFs). This helps banks and businesses work together to promote economic growth and create new jobs. 

No Federal Grants for Businesses 

The federal government does not offer grants for starting or growing a business. It only provides grants for nonprofit and educational institutions. These organizations focus mainly on medicine, technology development, and other related fields. Find out more about federal grants.

Some state and local programs offer business grants. They usually require you to match the funds. Or, they may expect you to combine the grant with other forms of financing, such as a loan.

Other Government Funding Options for Your Business

These federal and state programs can also help finance your business:

  • Small Business Investment Company (SBIC) Program -  The SBA partners with private investment funds licensed as SBICs to provide growth capital to small businesses. Find out if SBIC financing is right for your business.  

  • Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs - The SBIR/STTR programs are competitive and awards-based. They encourage small businesses to pursue federal research or research and development (R/R&D) projects. While exploring their technological potential, businesses can profit from commercialization. Learn how to apply.

State and Local Business Assistance - Find out about state and local business financial assistance where you live. This includes financing for business expansion, state credit initiatives, and more.

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Last Updated: August 27, 2020