SBA is currently offering the following funding options:
NEW!! Revisions to Loan Amount Calculation and Eligibility (03-03-21)
- Paycheck Protection Program First Draw Borrower Application Form for Schedule C Filers Using Gross Income (published 03-03-21)
- Paycheck Protection Program Second Draw Borrower Application Form for Schedule Filers Using Gross Income (published 03-03-21)
- Frequently Asked Questions for Lenders and Borrowers (updated 03-03-21)
- Paycheck Protection Program (PPP):
- First Draw PPP Loans
- Second Draw PPP Loans
- COVID-19 Economic Injury Disaster Loans (EIDL)
- Express Bridge loans
- SBA debt relief (for existing borrowers)
SBA Extends deferrment periods for all COVID19 EIDL and other disaster loans until 2022. effective 3/16/21 Read more
Targeted EIDL Advance (limited eligibility) Look up your address to see if you are in the targeted area: SBA Targeted EIDL Mapping Tool Note again this is based on invitation, you would receive an email from an adddress with sba.gov (look for this to validate the email is a authentic). You will be asked to submit financial documentation to verify the business loss. FAQ for Target EIDL
Applicants may qualify if they:
- Are in a low-income community. To help applicants determine if they are in a low-income community as defined in section 45D(e) of the Internal Revenue Code, a mapping tool is available at https://sbaeidl.policymap.com/app. The business address must be in a low-income community to qualify so SBA encourages potential applicants to check the map to see if they meet the low-income community eligibility requirement before they apply; and
- Can demonstrate more than 30% reduction in revenue during an eight-week period beginning on March 2, 2020, or later. If an applicant meets the low-income community criteria, they will be asked to provide gross monthly revenue (all forms of combined monthly earnings received, such as profits or salaries) to confirm the 30% reduction.
Shuttered Venue Operators Grants this program will opens for applicaton 4/8/21.
America’s SBDC has consolidated many resources on one page, this includes business guidance, reopening guides, resiliency plans, other agency resources. IRS links, etc.
Create a plan to help your business sustain when the unexpected happens! Paris SBDC Information – Managing in Times of Financial Difficulty