Our nation's small businesses are facing an unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak. On Friday, March 27, 2020, the President signed into law the CARES Act, which contains $376 billion in relief for American workers and small businesses
In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to address the COVID-19 outbreak. While the Paycheck Protection Plan (PPP) loans are no longer available, there are these other financing options from the SBA:
SBA Express Bridge Loans
Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.
SBA Debt Relief
The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic.