Paycheck Protection Program (PPP)
Status: Open! All lenders are eligible to submit applications for a 1st or 2nd Draw PPP loan.
Deadline: March 31, 2021 if funding is still available
 
Small businesses and eligible nonprofits may apply for their first PPP loan or, if they meet the criteria, a second PPP loan, if they have used all the funds from their first PPP loan. This loan is forgivable if borrowers used the funds in the authorized manner and spend at least 60% of the loan proceeds on payroll costs and no more than 40% on authorized non-payroll costs.
For more information: Paycheck Protection Program
 
Economic Injury Disaster Loan Program (EIDL)
Status: Open! 
Deadline: December 31, 2021
 
The EIDL program offers a working capital loan for small businesses and nonprofits adversely affected by COVID-19. Loans direct from SBA’s Office of Disaster Assistance are available with a 3.75% interest rate (2.75% for nonprofits) and 30-year term and payments are deferred for 12 months.
 
Targeted EIDL Advanced Grant
Status: Coming Soon
 
Newly created as part of the recent legislation, the Economic Aid Act, to provide businesses located in low-income communities with additional funds of up to $10,000 to ensure small business continuity, adaptation, and resiliency.
 
Shuttered Venue Operators Grant (SVOG)
Status: Coming Soon
 
Visit the SVOG website for additional information on the types of entities eligible, how to calculate how much you may be eligible for under this grant program and the proposed plan for phased implementation. You can also watch the webinar which provides an overview: Shuttered Venue Operators Grant Overview – YouTube
For more information: Shuttered Venue Operators Grant