COVID-19 CARES Act for Small Businesses

Economic Injury Disaster Loan (EIDL)

If your business is in a declared disaster area, you can pursue an Economic Injury Disaster Loan from the SBA. These loans have a maximum amount of $2 Million, maximum term of 30 years, and can be used to pay business expenses such as fixed debts, payroll, accounts payable, rent, utilities, and other bills.

Most U.S. Small Businesses with 500 employees or less qualify for the EIDL. In addition, most individuals who operate under a sole proprietorship, with or without employees, or as an independent contractor.

在2020年1月31日或之前成立的企业有资格获得这笔贷款。可以免费申请此贷款计划，SBA表示，接收者应在申请后2至3周内拥有资金。贷款可持续到12月31日^st，2020年，但资金有限，因此时间至关重要。

For a more in-depth look at the EIDL, check out our guide to theEIDL program.

Paycheck Protection Program (PPP)

This financing option provides cash flow assistance through entirely government-funded loans to employers who continue to pay their employees during the COVID-19 process. By pursuing the Paycheck Protection Program, you’ll have financing to keep your valued employees on-staff, and the SBA will forgive the loans for eight weeks.

最高贷款金额为1000万美元，具体取决于工资费用。这也取决于自1月31日以来SBA灾难贷款计划下未偿还的贷款^st. However, seasonal and new businesses will have payroll expenses capped at $100,000 annually per employee. The length of the PPP loan is 2 years.

申请人必须有少于500名员工，但某些行业可以超过此数字。根据SBA，申请人可以在申请后的2到3周内收到，并且贷款可在2020年6月30日之前获得。

For a more in-depth look at the PPP, check out our guide to thePPP program.

小型企业债务减免计划

该计划通过非陈列机融资为企业提供财务救济，包括7（a）贷款，504贷款和微观产品。SBA将支付六个月的贷款付款和费用。

In general, businesses must meetsize standards，位于美国，能够偿还贷款并具有合理的商业目的。

根据您申请的贷款类型，条款从10到25年不等。目前，微观贷款的限额最高为50,000美元，7（a）贷款的限额最高为500万美元，504贷款的金额最高为500万美元，高达550万美元。

To apply for this program, contact your local Small Business Development Center (SBDC) or Women’s Business Center (WCB). They’ll be able to assist you with next steps.

SBA Express Bridge贷款

The Express Bridge Loan (EBL) provides business owners that have an existing business relationship with an SBA Express Lender with financing up to $25,000. This program is designed to provide these business owners with financing quickly to bridge the gap until they can apply for and receive an SBA Economic Injury Disaster Loan.

This financing option can be used to overcome financial losses caused by COVID19. It can also be used to bridge the gap until the business owner receives an EIDL loan from the SBA.

The SBA’s underwriting process will be automated, and applicants will receive their qualification status within hours. In addition to completing the application, applicants should also submit SBA Form 1920, SBA Form 1919, and SBA Form 159.

如果您的业务受到Covid-19的影响，则可以申请EBL贷款，直到2021年3月13日。

The CARES Act Small Business Loan Programs At a Glance