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Paycheck Protection Program
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More Information
First Draw Borrower Application Form
Second Draw Borrower Application Form |
Up to $2 million non-taxable loan designed to provide a direct incentive for small businesses to keep their workers on payroll.
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501(c)6 organizations, news media outlets, and housing cooperatives are now eligible in addition to the other qualified organizations.
Organizations with fewer than 300 full-time employees.
No publicly-traded companies.
Can demonstrate a decrease in revenue of at least 25% during any of the first three quarters of 2020. |
Shuttered Venue Operators Grant
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More Information
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Not yet accepting applications
Grant program for eligible live venues, theaters and museum operators that lost at least 25% of their revenue in 2020
Up to $10 million grant capped at 45% of an applicant's 2019 revenue |
Eligible small business entity with up to 50 employees.
Those that experienced at least 90% revenue losses between April 2020 and December 2020 are eligible to apply during the first 14 days of the program.
Those that experienced at least 70% revenue losses are eligible to apply during the next 14-day period.
Those that experienced at least
25% revenue losses are eligible to apply 28 days after other priority awards are distributed.
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LISC Rural Relief Small Business Grant
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More Information
FAQ
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Grants ranging from $5,000 - $20,000
The next grant application period opens on January 26th. |
Small businesses located in rural communitites (pop. less than 50,000) |
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More Information
FAQ
SBA Application |
Designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue due to COVID-19
For working capital & normal operating expenses
Non-forgivable loan with fixed terms of 3.75% for businesses and 2.75% for nonprofits over 30 years
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Priority given to:
- Small business owners and nonprofit organizations with 300 or fewer employees
- Located in a low-income neighborhood
- AND experienced a 30% reduction in gross receipts during any 8-week period between March and December 2020. |
Small Business Debt Relief Program
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More Information
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6 months of debt forgiveness for small businesses with standard SBA 7(a), 504, or microloans.
Payments capped at $9,000/month
Not applicable for Paycheck Protection Program loans or Economic Injury Disaster loans |
Borrowers with loans approved by the SBA prior to the CARES Act will receive an additional three months of payments beginning in February of 2021. |
SBA Express Bridge Loan Program
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More Information
Program Guide
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Up to $25,000 loan
Fast turnaround – intended to be used while you apply for EIDL funding
Will be repaid in full or in part by proceeds from the EIDL loan
Apply through your SBA approved lender or bank |
Small businesses under SBA size standards
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USDA Business & Industry Loan Guarantee Program
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More Information
Fact Sheet |
Up to $10,000,000 loan
Bolsters the availability of private credit by guaranteeing loans for rural businesses.
Apply through your local lender. |
For profit businesses and non-profit organizations.
Check eligibility HERE |
Employee Retention Tax Credit
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More Information
Original Guide
Program Updates
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A 70% refundable tax credit for $10,000 in qualified employee wages each quarter (or a maximum of $14,000 per employee through June 30, 2021)
Credit is applied against employer payroll taxes
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Employers with 500 or fewer employers who experienced a decline of more than 20% in gross receipts in a quarter compared to the same quarter in 2019. |