CORONA ASSISTANCE INFORMATION
Updated: March 27, 2020
Government Assistance for Small Businesses
Local, state, and federal government agencies are announcing new financial assistance programs on a regular basis for small businesses affected by the COVID-19 outbreak. These programs vary by agency, but tend to take the form of grants to help cover payroll and rent, and low-interest loans. Learn more about the different programs available to small businesses below:
National Government Assistance Programs for Small Business
The federal government passed a 2 Trillion Dollar bailout package that includes over $300 Billion in relief funds for small businesses - for more information about available Emergency SBA Loans, please click here.
The federal tax filing deadline has been pushed to July 15 to give businesses and individuals time to catch up on their business expenses.
The SBA has an Emergency Injury Disaster Loan program, which provides loans of up to $2 million to businesses in designated disaster areas. The rates are 3.75% and a maximum term up to 30 years. To qualify your State must submit a disaster declaration to the federal government. Check out the disaster loan page from the SBA to see which areas are eligible so far.