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 […]