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Small Business Loans (SBA) - COVID-19 Disaster Loans

The U.S. Small Business Administration (SBA) is offering low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the coronavirus 2019 (COVID-19). Here are some facts about the loans:

Small business owners in all U.S. states and territories are currently eligible to apply for such loans.
The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%.
These loans offer up to $2 million in assistance for small businesses experiencing a temporary loss of revenue.
The loans may be used to pay fixed debts, payroll, accounts payable and other bills that can't be paid because of COVID-19's impact.
Small businesses are encouraged to apply online for the loan.
More information is available here. For questions, contact the SBA disaster assistance customer service center at 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail [email protected].

Note: Other federal and state assistance for small businesses is also currently being considered.

Disaster Loan Assistance