Sprouse Law News
Sprouse Shrader Smith Logo

The Small Business Administration (SBA) has a new website called Coronavirus (COVID-19): Small Business Guidance and Loan resources. The new website includes information on the Paycheck Protection Program, Economic Injury Disaster Loans, SBA debt relief, SBA Express Bridge Loans, and other guidance and resources for individuals and businesses suffering economic damage from the coronavirus (COVID-19) outbreak.  In addition to general information on eligibility and criteria for participating in the various programs, the website provides online applications for: Economic Injury Disaster Loans , and Low-Interest Disaster Loans.

The website also includes information about the Express Bridge Loan Pilot Program, which allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork.

Click the following link for more information: Small Business Guidance and Loan Information

NOTE: This article was updated on April 2, 2020. Because the COVID-19 situation is dynamic, with new governmental measures each day, consult with counsel for the latest developments and updated guidance on this topic.