You can determine eligibility for a number of programs available through the SBA, including:
- Paycheck Protection Program (PPP): This program provides 100-percent federally guaranteed loans to employers who maintain their payroll during this emergency.
- Economic Injury Disaster Loans (EDIL): These lower interest loans of up to $2 million are available to pay for expenses that could have been met had the disaster not occurred.
- 7(a) Loans: The SBA’s primary loan for providing financial assistance to small businesses—terms and conditions vary by specific loan type.
“With COVID-19’s devastating impact on small businesses, the CARES Act puts forth a range of substantial programs and money to help small businesses adapt quickly,” said Jay Jamison, chief product & technology officer at Quickbase. “The problem is that small businesses often struggle to navigate the maze of government regulations and programs successfully. Quickbase is committed to doing our part to help, and we have built this app to provide a way to streamline the process small business owners will have in applying for relief, aid and loan programs.”
Learn more about the COVID-19 Small Business Accelerator here. To see other resources available to you, check out our COVD-19 response page.