SBA Loan Aid
Disaster Loan Assistance
COVID-19 Loan Options
S.B.A. EIDL
Economic Injury Disaster Loan
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Existing S.B.A. program
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Apply directly with the S.B.A.
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Loan size is six months of operating expenses
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Loan up to $2.0M
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3.75% percent interest rate
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(2.75% for non-profit)
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Application deadline extended to Dec 31, 21
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Emergency Advances are available
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Collateral may be required if loan is > $25K
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Cannot be utilized to pay off earlier loans.
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Up to 30-year term
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Payments deferred for one year.
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No prepayment penalties.
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S.B.A. SVOG
Shuttered Venue Operator Grants
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New S.B.A. program
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Apply directly with the S.B.A.
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Venue must have been in operation prior to March, 2020
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Grant size is 45% of 2019 revenues
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Grants up to $10.0M
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Application Portal to open April 8th​
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SBA (7a) PPP
Paycheck Protection Program
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Extended program through Congress.
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Apply only through your bank lender
with pre-existing bank/loan relationship.
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Loan size is monthly payroll x 2.5
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Loan up to $10M
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1.0% percent interest rate
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Applications extended to March 31, 21
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Loan is eligible to be forgiven if 60%+ funds used for retention of employees.
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Loan size determined by previous year's payroll documentation.
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If remaining principle, 2-year term.
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Payments deferred for six months.
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No prepayment penalties.
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Documentation required for either PPP, SVOG, or EIDL
(best if included with the original application):
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IRS Employee Retention Credit
IRS Form 7200
Applicable in conjunction with an EIDL Loan; but not with the PPP.
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Tax ID (TIN)
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Most recent tax return(s)
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2019 income statement
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2019 payroll summary
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2020 pro-forma