Federal-level loans, grants, and other funding programs to help small-business owners during the COVID-19 crisis.
The Paycheck Protection Program (PPP) ended on May 31, 2021. Existing borrowers can find information, including loan forgiveness, here.
Comparison of various Federal programs (including PPP, EIDL, and SBA-sponsored programs) and what the eligibility / comparison for each is.
Other Federal and National Resources
The Small Business Administration is offering various forms of debt relief, including payment of principal, interest, and fees on current and new 7(a), 504, and microloans and deferrals (with additional terms).
The Small Business Administration is no longer accepting new Advance applications or reevaluation requests. We continue to process applications and reevaluations received prior to the deadlines. SBA continues to offer other funding options for small businesses including traditional SBA loans.
If you have a PPP forgivable loan, you can apply to have your loan forgiven as soon as the funds have been spent, or as late as 10 months after the end of your Covered Period (24 weeks from the date of funding). Banks have begun to accept forgiveness applications for loans made in 2021. Starting Aug 4th, SBA will also accept applications for loans less than $150,000, and IF the lending bank participates in the Direct Forgiveness program. For more information, plus go to the SBA website.
This resource guide, from the US Senate Committee on Small Business and Entrepreneurship, outlines funding opportunities available from the federal government and provides detailed information about terms and eligibility. Guidance provided on: PPP, Small Business Debt Relief Program, Economic Injury Disaster Loans, and Emergency Economic Injury Grants, Counseling, Contracting, and Tax Provisions.
The Restaurant Revitalization Program (RRF) was closed in May before all the eligible applications were funded. There is a pending legislation (H.R. 3807) to recapitalize the program with an additional $70-billion. You can find out more and contact your Representative to support the legislation HERE.
The SEC has put together a list of resources for small businesses, including funding opportunities.
The SBA offers high-level guidance on funding options and resources