SBA.gov is your main resource for COVID Relief programs, the list below provdes direct links based on information from traning/events. SBA is currently offering the following funding options:
- 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.
PPP Loans applications are expired, but many are now applying for PPP Forgiveness a Guide to Direct PPP Forgiveness Platform This portal is made available by the US Small Business Administration to streamline forgiveness processing for PPP Borrowers. After registration, you may use this streamlined process to automatically submit your forgiveness request to your lender. The SBA also offers live customer service to borrowers at 877-552-2692.
The updated forgiveness applications are available online, updated 3508 forms (3508s, EZ and 3508 full forms).
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