COVID-19 Relief Funding Alternatives
As of April 16, 2020, the SBA announced all appropriations for the Paycheck Protection Program and the Economic Injury Disaster Loan were exhausted. Small business owners are now in need of COVID-19 relief funding alternatives.
Below is a list of some COVID-19 funding options that are still available.
SBA Express Bridge Loans (EBL)
Eligibility: Small businesses that currently have a business relationship with an SBA Express Lender.
Loan Amount: Up to $25,000.
Purpose: Support for small businesses experiencing a temporary loss of revenue due to the coronavirus pandemic. The SBA Express Bridge Loans […]