COVID-19 relief options

SBA offers help for small businesses affected by COVID-19

Paycheck Protection Program

This forgivable loan helps keep your workforce employed.

COVID-19 EIDL

This low-interest loan provides help to businesses experiencing revenue loss.

Shuttered Venues Grant

This grant supports eligible venues affected by COVID-19.

Restaurant Revitalization Fund

Funding for eligible restaurants, bars, and other food service businesses.

SBA debt relief

We will make loan payments for some existing SBA borrowers.

Cross-program eligibility

Use this chart to determine your eligibility when considering different funding options.


SBA Funding Programs

SBA Business Loans

A loan from the Small Business Administration (SBA)

The Small Business Administration guarantees the SBA loan program, which is a long-term loan. They're undoubtedly the best loan you can receive, with some of the most appealing interest rates and lending terms. However, without decent money and a stable credit history, they're difficult to obtain.

  • Repaid over a period of 5 to 25 years

  • Interest rates start at 7.75 percent when backed by the US government.

  • It may be utilized for nearly any type of company.

  • $5k–$5m maximum

  • Application conditions are extremely strict.

Best for: companies that have been in operation for at least two years, have a solid financial track record, and have a credit score of at least 640.

Small Business Administration (SBA) Loans

SBA loans are small business loans that are insured by the United States Small Business Administration, a federal agency that assists entrepreneurs in growing their companies. The SBA will pay out the guaranteed amount if you are unable to make your payments to your lender.

The SBA backs 85 percent of loans for less than $150,000 and 75 percent of loans worth more than that. SBA small business loans might be difficult to obtain due to its guarantee.

SBA helps small businesses get loans - Find Lenders