The Small Business Administration has made available the Economic Injury Disaster Advance Loan of up to $10,000. The advance loan is in connection with the SBA’s Economic Injury Disaster Loan Program of up to $2 million. Apply for this loan here.
The SBA is fast-tracking two additional loan programs created by the federal economic stimulus package (CARES ACT). Starting April 3, 2020, contact your FDIC-insured bank, credit union and Farm Credit System institution. All businesses, including non profits, veterans organizations, sole proprietorship, self-employed individuals, and independent contractors are eligible. You will need documentation on lost business income, payroll, mortgage payments, and other operating expenses.