Coronavirus Small Business Financial Assistance
thru: United States Small Business Association
Paycheck Protection Program: ended May 31, 2021. Existing borrowers may be elegible for PPP loan forgiveness.
SBA Debt Relief: Offers a reprieve to small businesses as they overcome the challenges created by this health crisis. SBA will pay the principal and interest of new 7(a) loans issued prior to September 27, 2020. The SBA will also pay the principal and interest of current 7(a) loans for a period of six months.
SBA Express Bridge Loans: Allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These can be a term loan or a means 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 a decision and disbursement on Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.
Eligibility: Varies by program. Call or visit website for more information.
Application Process: Call, visit website or contact local small business development center for application assistance.
Required Documentation: Call, visit website or contact local small business development center for information.
Fees: No fees for services.
Coverage Note: United States.
This program is offered here:
Washington DC 20024