Federal (SBA)
Below you can access information about federal, state, city and private resources in regards to coronavirus (COVID-19).
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Economic Injury Disaster Loan offers up to 30-months of economic injury working capital with a maximum loan amount of $2,000,000 at an interest rate of 3.75% for small businesses and 2.75% for non-profits, and a maximum term of 30 years. Applications for new COVID EIDL loans or advances are no longer being accepted for this program.
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Paycheck Protection Program loans provided a direct incentive for small businesses to keep their workers on the payroll, offering loans of up to $10 million an interest rate of 1% and that are forgivable if the business meets all program requirements. Applications are no longer being accepted for this program.
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The Shuttered Venue Operator Grant provides relief grants to select businesses in and affiliated with live events. Eligible applicants may qualify for grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. Applications are no longer being accepted for this program.
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The Restaurant Revitalization Fund provided restaurants with funding equal to their pandemic-related revenue loss up to $5 million per location, not to exceed $10 million total for the applicant and any affiliated businesses. Applications are no longer being accepted for this program.
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7(a), 504 and Microloan Debt Relief offered by the SBA in the form of the agency covering the cost of all principal, interest, and fees for the next six months for borrowers with existing SBA 7(a) loans, 504 loans, and microloans. Applications are no longer being accepted for this program.