SBA, in consultation with the U.S. Treasury Department, will open the Paycheck Protection Program loan portal on Monday, January 11, 2021 at 9 am ET. When the PPP loan portal system opens, it will initially accept First Draw PPP loan applications from participating CFIs, which include Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs), and Microloan Intermediaries.
If you wish to begin preparing your application, you can download the following PPP borrower application forms to see the information that will be requested from you when you apply with a lender:
Additional information available here: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program
SBA Debt Relief
- Summary of Program: If you have a current or SBA 7(a), 504 or microloan the SBA will automatically pay the principal, interest, and fees for a period of six months. This also applies to new loans issued prior to September 27, 2020.
- Why this might make sense for you: It provides immediate financial relief on current SBA debt with no penalties or interest or additional obligations.
- How to apply: It is automatically applied for all eligible SBA 7(a), 504 or microloans.
This loan provides economic relief to small businesses and nonprofit organizations that are currently experiencing a temporary loss of revenue.
In response to the Coronavirus (COVID-19) pandemic, small business owners, including agricultural businesses, and nonprofit organizations in all U.S. states, Washington D.C., and territories can apply for an Economic Injury Disaster Loan. The EIDL program is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue due to coronavirus (COVID-19).
Frequently Asked Questions about COVID-19 EIDL Loans
Additional information and to apply go here: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loans
- Summary of Program: SBA Express Bridge Loans is new federal program through the SBA that enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly that can be repaid in full or in part by proceeds from the EIDL loan.
- Why this might make sense for you: If you are a small business owner with an existing relationship with an SBA Express Lender these loans can quickly provide vital economic support your business to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan.
- How to apply: Apply directly with your existing lender.
Coronavirus Tax Relief for Businesses
New Employer Tax Credits
Center for Disease Control
Guidance for Businesses and Employers