Resources and Assistance Available for Small Businesses Affected by COVID-19 Hardships
2 Apr, 2020
The Department of the Treasury has released the paycheck protection program application designed to help small businesses cope with hardships caused by the pandemic. A number of other programs are also being offered.
Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.
Among the forms of assistance offered are the following:
- Paycheck Protection Program
- Economic Injury Disaster Loans and Loan Advance
- SBA Debt Relief
- SBA Express Bridge Loans
- Guidance for Businesses and Employers
- SBA Products and Resources
- Government Contracting
- Local Assistance