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STATE ASSISTANCE

PA Coronavirus (COVID-19)

SBA Economic Injury Disaster Loan (EIDL) and Physical Disaster Loan

Only federal loan available to Pennsylvania residents. More details on the loan provided at the top of the page. For more info please visit

PA 16360 – SBA Offers Disaster Assistance to Pennsylvania Small Businesses Economically Impacted by the Coronavirus (COVID-19)

SBA (7a) Paycheck Protection Program 

The PPP provides small businesses with funds to pay up to 8 weeks of payroll costs,  or other related costs such as group health care benefits during periods of paid sick, medical or family leave, and insurance premiums.  In addition, the capital can also be used to pay interest on mortgages, rent and utilities and interest on payments on any other debt obligations that were incurred before February 15, 2020.

Businesses interested in applying are encouraged to consult with their business bank first. For more information on local SBA lenders closest to your location, please visit their website.

Pennsylvania Chamber of Commerce

For more information on state loans available, please visit https://www.pachamber.org/coronavirus/

STATE ASSISTANCE

OK Coronavirus (COVID-19)

SBA Economic Injury Disaster Loan (EIDL) and Physical Disaster Loan

Only federal loan available to Oklahoma residents. More details on the loan provided at the top of the page. For more info please visit

OK 16373-01 SBA Offers Disaster Assistance to Oklahoma Small Businesses Economically Impacted by the Coronavirus (COVID-19)

SBA (7a) Paycheck Protection Program 

The PPP provides small businesses with funds to pay up to 8 weeks of payroll costs,  or other related costs such as group health care benefits during periods of paid sick, medical or family leave, and insurance premiums.  In addition, the capital can also be used to pay interest on mortgages, rent and utilities and interest on payments on any other debt obligations that were incurred before February 15, 2020.

Businesses interested in applying are encouraged to consult with their business bank first. For more information on local SBA lenders closest to your location, please visit their website.

Oklahoma City Small Business Continuity Program

The Oklahoma City Small Business Continuity Program has different loan programs for small businesses in Oklahoma City.

For more information, please visit their website. 

STATE ASSISTANCE

TN Coronavirus (COVID-19)

SBA Economic Injury Disaster Loan (EIDL) and Physical Disaster Loan

Only federal loan available to Tennessee residents. More details on the loan provided at the top of the page. For more info please visit

TN 16375 – SBA Offers Disaster Assistance to Tennessee Small Businesses Economically Impacted by the Coronavirus (COVID-19)

SBA (7a) Paycheck Protection Program 

The PPP provides small businesses with funds to pay up to 8 weeks of payroll costs,  or other related costs such as group health care benefits during periods of paid sick, medical or family leave, and insurance premiums.  In addition, the capital can also be used to pay interest on mortgages, rent and utilities and interest on payments on any other debt obligations that were incurred before February 15, 2020.

Businesses interested in applying are encouraged to consult with their business bank first. For more information on local SBA lenders closest to your location, please visit their website.

STATE ASSISTANCE

VA Coronavirus (COVID-19)

SBA Economic Injury Disaster Loan (EIDL) and Physical Disaster Loan

Only federal loan available to Virginia residents. More details on the loan provided at the top of the page. For more info please visit

VA 16359 – SBA Offers Disaster Assistance to Virginia Small Businesses Economically Impacted by the Coronavirus (COVID-19)

SBA (7a) Paycheck Protection Program 

The PPP provides small businesses with funds to pay up to 8 weeks of payroll costs,  or other related costs such as group health care benefits during periods of paid sick, medical or family leave, and insurance premiums.  In addition, the capital can also be used to pay interest on mortgages, rent and utilities and interest on payments on any other debt obligations that were incurred before February 15, 2020.

Businesses interested in applying are encouraged to consult with their business bank first. For more information on local SBA lenders closest to your location, please visit their website.

Small Business Grants for COVID-19 Impacted Businesses

Small grants to help small businesses avoid layoffs available to residents in the Piedmont region of Virginia.

Those interested in applying should complete the application and email it to smorton@vcwpiedmont.com.

For more information, you may also use the email provided earlier.

STATE ASSISTANCE

VT Coronavirus (COVID-19)

SBA Economic Injury Disaster Loan (EIDL) and Physical Disaster Loan

Only federal loan available to Vermont residents. More details on the loan provided at the top of the page. For more info please visit

VT 16361 – SBA Offers Disaster Assistance to Vermont Small Businesses Economically Impacted by the Coronavirus (COVID-19)

SBA (7a) Paycheck Protection Program 

The PPP provides small businesses with funds to pay up to 8 weeks of payroll costs,  or other related costs such as group health care benefits during periods of paid sick, medical or family leave, and insurance premiums.  In addition, the capital can also be used to pay interest on mortgages, rent and utilities and interest on payments on any other debt obligations that were incurred before February 15, 2020.

Businesses interested in applying are encouraged to consult with their business bank first. For more information on local SBA lenders closest to your location, please visit their website.

STATE ASSISTANCE

UT Coronavirus (COVID-19)

WaFd Bank

The WaFd Bank is offering a revolving five year line of credit. Approval is subject to annual revenue and the maximum available is $200,000. Please contact your local branch for more information.

Requirements:

  • Businesses who have a 10% or greater drop in revenue

To apply visit, https://www.wafdbank.com/business-banking/coronavirus-business-line-of-credit

SBA Economic Injury Disaster Loan (EIDL) and Physical Disaster Loan

Federal loan available to Utah residents. More details on the loan provided at the top of the page. For more info please visit

UT 16338-02 SBA Amends Disaster Declaration: Disaster Assistance Now Available to all Utah Small Businesses Economically Impacted by the Coronavirus (COVID-19)

SBA (7a) Paycheck Protection Program 

The PPP provides small businesses with funds to pay up to 8 weeks of payroll costs,  or other related costs such as group health care benefits during periods of paid sick, medical or family leave, and insurance premiums.  In addition, the capital can also be used to pay interest on mortgages, rent and utilities and interest on payments on any other debt obligations that were incurred before February 15, 2020.

Businesses interested in applying are encouraged to consult with their business bank first. For more information on local SBA lenders closest to your location, please visit their website.

STATE ASSISTANCE

SD Coronavirus (COVID-19)

SBA Economic Injury Disaster Loan (EIDL) and Physical Disaster Loan

Only federal loan available to South Dakota residents. More details on the loan provided at the top of the page. For more info please visit

SD 16374-01 SBA Offers Disaster Assistance to South Dakota Small Businesses Economically Impacted by the Coronavirus (COVID-19)

SBA (7a) Paycheck Protection Program 

The PPP provides small businesses with funds to pay up to 8 weeks of payroll costs,  or other related costs such as group health care benefits during periods of paid sick, medical or family leave, and insurance premiums.  In addition, the capital can also be used to pay interest on mortgages, rent and utilities and interest on payments on any other debt obligations that were incurred before February 15, 2020.

Businesses interested in applying are encouraged to consult with their business bank first. For more information on local SBA lenders closest to your location, please visit their website.

Governor Noem’s Small Business Relief Fund

Fund details:

  • Amount: $5,000-$75,000
  • Interest: 0%
  • Fees: none
  • Term: Maximum term of 60 months
  • Automatic Payment Required
  • No-prepayment penalty
  • No payments for initial 6 months
  • Personal guarantees for any owner with at least 20% share of the business
  • Blanket security agreement
  • Loans over $25,000 may require additional collateral

Eligibility requirements:

  • Business must have physical presence in South Dakota
  • Business must have been established prior to March 2020
  • Business must be a small for-profit or non-profit business as defined by SBA, but with less than 250 employees
  • Provide a certification from a South Dakota banker and/or South Dakota CPA that: he/she has reviewed recent financial condition of the applicant, that the applicant’s business has incurred economic injury as a result of the COVID-19 pandemic, and the applicant needs the funds for SD operations
  • Have a personal credit with a minimum score of 650; lower requires a special exception
  • Demonstrate 1:1 debt coverage ratio with the new debt factored under normal circumstances

If you are interested in applying, you can apply online.


STATE ASSISTANCE

OH Coronavirus (COVID-19)

SBA Economic Injury Disaster Loan (EIDL) and Physical Disaster Loan

Only federal loan available to Ohio residents. More details on the loan provided at the top of the page. For more info please visit

OH 16355 – SBA Offers Disaster Assistance to Ohio Small Businesses Economically Impacted by the Coronavirus (COVID-19)

SBA (7a) Paycheck Protection Program 

The PPP provides small businesses with funds to pay up to 8 weeks of payroll costs,  or other related costs such as group health care benefits during periods of paid sick, medical or family leave, and insurance premiums.  In addition, the capital can also be used to pay interest on mortgages, rent and utilities and interest on payments on any other debt obligations that were incurred before February 15, 2020.

Businesses interested in applying are encouraged to consult with their business bank first. For more information on local SBA lenders closest to your location, please visit their website.

STATE ASSISTANCE

ND Coronavirus (COVID-19)

SBA Economic Injury Disaster Loan (EIDL) and Physical Disaster Loan

Only federal loan available to North Dakota residents. More details on the loan provided at the top of the page. For more info please visit

ND 16366-01 SBA Offers Disaster Assistance to North Dakota Small Businesses Economically Impacted by the Coronavirus (COVID-19)

SBA (7a) Paycheck Protection Program 

The PPP provides small businesses with funds to pay up to 8 weeks of payroll costs,  or other related costs such as group health care benefits during periods of paid sick, medical or family leave, and insurance premiums.  In addition, the capital can also be used to pay interest on mortgages, rent and utilities and interest on payments on any other debt obligations that were incurred before February 15, 2020.

Businesses interested in applying are encouraged to consult with their business bank first. For more information on local SBA lenders closest to your location, please visit their website.

STATE ASSISTANCE

NC Coronavirus (COVID-19)

SBA Economic Injury Disaster Loan (EIDL) and Physical Disaster Loan

Only federal loan available to North Carolina residents. More details on the loan provided at the top of the page. For more info please visit

NC 16345 – SBA Offers Disaster Assistance to North Carolina Small Businesses Economically Impacted by the Coronavirus (COVID-19)

SBA (7a) Paycheck Protection Program 

The PPP provides small businesses with funds to pay up to 8 weeks of payroll costs,  or other related costs such as group health care benefits during periods of paid sick, medical or family leave, and insurance premiums.  In addition, the capital can also be used to pay interest on mortgages, rent and utilities and interest on payments on any other debt obligations that were incurred before February 15, 2020.

Businesses interested in applying are encouraged to consult with their business bank first. For more information on local SBA lenders closest to your location, please visit their website.

NC COVID-19 Rapid Recovery Lending Program

  • Loans sizes are capped at approximately two months of current revenue.
  • Loan agreements are structured as follows: First, six months of no interest and no payment, followed by 48 months of principal and interest payments at 5.5% interest.
  • Interest will begin to accrue at the beginning of month 7 (on any unpaid balance).
  • No prepayment penalties.
  • Defaulted loans are subject to collections.

Eligibility requirements:

  • Applicants must be a North Carolina small business affected by COVID-19.
  • Applicants must have at least 1 employee, who could be the self-employed owner.
  • Start-up businesses that began operations before March 23, 2020 are eligible. Businesses that started operations after March 23, 2020 are ineligible.

Other requirements:

  • Any individual with greater than 20% ownership in the applying business must personally guarantee the loan.
  • Proceeds from the loan may only be used for maintaining or restarting a business.
  • The use of loan funds to pay off debts already incurred for qualifying business maintenance or restart purposes may be authorized on a case-by-case basis.
  • Borrowers are required to assign proceeds of any anticipated claims, outside loans, or financial assistance grants to the repayment of their COVID-19 Rapid Recovery Loan.

STATE ASSISTANCE

NE Coronavirus (COVID-19)

Nebraska Department of Economic Development

Nebraska Department of Economic Development provides information, assistance and resources for Nebraska small businesses. One such program is the Community Development Block Grant.

SBA Economic Injury Disaster Loan (EIDL) and Physical Disaster Loan

Only federal loan available to Nebraska residents. More details on the loan provided at the top of the page. For more info please visit

NE 16371-01 SBA Offers Disaster Assistance to Nebraska Small Businesses Economically Impacted by the Coronavirus (COVID-19)

SBA (7a) Paycheck Protection Program 

The PPP provides small businesses with funds to pay up to 8 weeks of payroll costs,  or other related costs such as group health care benefits during periods of paid sick, medical or family leave, and insurance premiums.  In addition, the capital can also be used to pay interest on mortgages, rent and utilities and interest on payments on any other debt obligations that were incurred before February 15, 2020.

Businesses interested in applying are encouraged to consult with their business bank first. For more information on local SBA lenders closest to your location, please visit their website. 

STATE ASSISTANCE

MT Coronavirus (COVID-19)

SBA Economic Injury Disaster Loan (EIDL) and Physical Disaster Loan

Only federal loan available to Montana residents. More details on the loan provided at the top of the page. For more info please visit

MT 16340-02 SBA Amends Disaster Declaration Disaster Assistance Now Available to all Montana Small Businesses Economically Impacted by the Coronavirus (COVID-19)

SBA (7a) Paycheck Protection Program 

The PPP provides small businesses with funds to pay up to 8 weeks of payroll costs,  or other related costs such as group health care benefits during periods of paid sick, medical or family leave, and insurance premiums.  In addition, the capital can also be used to pay interest on mortgages, rent and utilities and interest on payments on any other debt obligations that were incurred before February 15, 2020.

Businesses interested in applying are encouraged to consult with their business bank first. For more information on local SBA lenders closest to your location, please visit their website. 

STATE ASSISTANCE

NV Coronavirus (COVID-19)

WaFd Bank

The WaFd Bank is offering a revolving five year line of credit. Approval is subject to annual revenue and the maximum available is $200,000. Please contact your local branch for more information.

Requirements:

  • Businesses who have a 10% or greater drop in revenue

To apply visit, https://www.wafdbank.com/business-banking/coronavirus-business-line-of-credit

SBA Economic Injury Disaster Loan (EIDL) and Physical Disaster Loan

Federal loan available to Nevada residents. More details on the loan provided at the top of the page. For more info please visit

NV 16341-02 SBA Amends Disaster Declaration: Disaster Assistance Now Available to all Nevada Small Businesses Economically Impacted by the Coronavirus (COVID-19)

SBA (7a) Paycheck Protection Program 

The PPP provides small businesses with funds to pay up to 8 weeks of payroll costs,  or other related costs such as group health care benefits during periods of paid sick, medical or family leave, and insurance premiums.  In addition, the capital can also be used to pay interest on mortgages, rent and utilities and interest on payments on any other debt obligations that were incurred before February 15, 2020.

Businesses interested in applying are encouraged to consult with their business bank first. For more information on local SBA lenders closest to your location, please visit their website. 

STATE ASSISTANCE

MO Coronavirus (COVID-19)

SBA Economic Injury Disaster Loan (EIDL) and Physical Disaster Loan

Only federal loan available to Missouri residents. More details on the loan provided at the top of the page. For more info please visit

MO 16387-01 SBA Offers Disaster Assistance to Missouri Small Businesses Economically Impacted by the Coronavirus (COVID-19)

SBA (7a) Paycheck Protection Program 

The PPP provides small businesses with funds to pay up to 8 weeks of payroll costs,  or other related costs such as group health care benefits during periods of paid sick, medical or family leave, and insurance premiums.  In addition, the capital can also be used to pay interest on mortgages, rent and utilities and interest on payments on any other debt obligations that were incurred before February 15, 2020.

Businesses interested in applying are encouraged to consult with their business bank first. For more information on local SBA lenders closest to your location, please visit their website. 

STATE ASSISTANCE

MN Coronavirus (COVID-19)

SBA Economic Injury Disaster Loan (EIDL) and Physical Disaster Loan

Only federal loan available to Minnesota residents. More details on the loan provided at the top of the page. For more info please visit

MN 16365 – SBA Offers Disaster Assistance to Minnesota Small Businesses Economically Impacted by the Coronavirus (COVID-19)

SBA (7a) Paycheck Protection Program 

The PPP provides small businesses with funds to pay up to 8 weeks of payroll costs,  or other related costs such as group health care benefits during periods of paid sick, medical or family leave, and insurance premiums.  In addition, the capital can also be used to pay interest on mortgages, rent and utilities and interest on payments on any other debt obligations that were incurred before February 15, 2020.

Businesses interested in applying are encouraged to consult with their business bank first. For more information on local SBA lenders closest to your location, please visit their website.

Minnesota Small Business Loan Guarantee Program

Loan program for Minnesota businesses with fewer than the equivalent of 250 employees. The program will provide an 80% guarantee up to a maximum of $200,000. A fee of .25 percent on the guarantee loan principal will be charged for each loan enrolled into the program.

All loans will be made by lenders enrolled in the program – no loans will come directly from DEED.

Minnesota Employment and Economic Development Small Business Emergency Loans

Loan program to assist Minnesota small businesses directly and adversely affected by the COVID-19 pandemic. Loans will range from $2,500 to $35,000 and will be based on the firm’s economic injury and the financial need

Eligibility: Only certain business are eligible to apply. Please review the list to see if your business is eligible: https://mn.gov/deed/business/financing-business/deed-programs/peacetime/

Loan Terms:

  • Interest free
  • Must be paid back monthly over five (5) years and the first payment will be deferred six (6) months
  • Partial forgiveness may be available
  • Loans are only for Minnesota-based businesses

Application: You will need to complete an initial application and then submit it to one of the approved lenders listed on the website.

Minnesota Resources for Small Businesses

For more information, please visit their website. 

STATE ASSISTANCE

NY Coronavirus (COVID-19)

NYC Small Business Continuity Loan Fund Information: Loans for businesses with fewer than 100 employees who have seen sales decreases of 25% or more will be eligible for zero interest loans of up to $75,000 to help mitigate losses in profit

Application is not yet available, however, those that are interested should fill out a pre-application and will be informed when the application is available.

Pre-application

  1. https://www.surveymonkey.com/r/ZL5N8XL
  2. Complete the above interest pre-application in order to receive information once the application is available

NYC Employee Retention Grant Program:

The City is also offering small businesses with fewer than 5 employees a grant to cover 40% of payroll costs for two months to help retain employees.

Loan requirements:

  • Available to New York City businesses with one to four employees that can demonstrate at least a 25% decrease in revenue as a result of COVID-19.
  • Eligible businesses will receive a grant covering up to 40% of their payroll for two months.
  • Businesses can access up to $27,000.
  • Employ 1-4 employees in total across all locations
  • Have been in operation for at least 6 months
  • Have no outstanding tax liens or legal judgements

Eligibility for businesses, including non-profits, must:

  • Be located within the five boroughs of New York City
  • Demonstrate that the COVID-19 outbreak caused at least a 25% decrease in revenue

How to calculate revenue loss:

  • To calculate the revenue impact of COVID-19, NYC will compare average revenue for two months in 2020 (after the COVID-19 impact) to both:
    • Average revenue for the same two month period in 2019, and
    • Average monthly revenue based on total 2019 revenue.
  • NYC will check to see if either calculation shows at least a 25% decrease in revenue

Supporting documents for application:

  • Document Checklist: https://www1.nyc.gov/assets/sbs/downloads/pdf/businesses/COVID19_ERG_Application_Document_Checklist.pdf
  • Financial documents for two months in 2020 demonstrating revenue decrease due to COVID-19
  • Financial documents showing your revenue for the same two months in 2019 (unless you were not in business at that time)
  • Financial documents showing your revenue for the full 2019 calendar year
  • Financial documents can include: point-of-sales reports, bank statements, quarterly sales tax filings, 2019 tax returns, or CPA-certified profit & loss statements.
  • To determine your grant amount, you will need to upload:
    • Your most recent two months of payroll records
  • To process your grant, you will need to upload:
    • A signed Participation Affidavit verifying that you are eligible for the program and that you are applying in order to retain your employees
    • Your bank account information

If you are interested in applying, here is our NYC Employee Retention Grant Program step by step guide.

The Syracuse Economic Development Corporation (SEDCO) Loan Program

The Syracuse Economic Development Corporation (SEDCO) has created a dedicated $500,000 fund to provide zero-percent interest, 180-day emergency loans to small businesses in the City. Up to $25,000 loans per business, average loan size is anticipated to be around $10,000.

If you are interested in applying, please fill out this online application. 

SBA Economic Injury Disaster Loan (EIDL) and Physical Disaster Loan

Federal loan available to New York residents. More details on the loan provided at the top of the page. For more info please visit

NY 16346 – SBA Offers Disaster Assistance to New York Small Businesses Economically Impacted by the Coronavirus (COVID-19)

STATE ASSISTANCE

FL Coronavirus (COVID-19)

Loans up to $50,000 per eligible small business (special cases loans up to $100,000) One year loan term with no interest during that period (if there is a balance after 1 year – 12% per annual interest rate will then apply). Only one loan per eligible businesses. All businesses in all counties in Florida are eligible.

Requirements:

  • Business must have been established prior to March 9, 2020
  • Have between 2-100 employees
  • Business must have experienced economic injury as a result of COVID-19
  • If there is a default, normal collections will apply
  • Business must be for-profit, privately held business that maintains a place of business in the state of Florida

Non-eligible businesses:

  • Businesses deriving more than one-third of gross annual revenue from legal gambling activities
  • Businesses engaged in any illegal activity
  • Businesses that present live performances of an indecent sexual nature or derive directly or indirectly more 2.5% of gross revenue through the sale of products or services, or the presentation of any depictions or displays, of an indecent sexual nature
  • Businesses that have a primary purpose of facilitating polyamorous relationships
  • Massage parlors
  • Hot tub facilities
  • Escort services.

Loan Requirements:

  • Loans will be made to individuals who, individually or collectively, own at least 51% of the equity of the business.
  • A borrower will be required to sign an agreement that the proceeds of the loan will be used only for purposes of maintaining or restarting the business in the designated area. Use of proceeds to pay off debts already incurred for qualifying business maintenance or restart purposes may be authorized on a case-by-case basis
  • A borrower will be required to certify that the proceeds of insurance claims, other loans applied for or to be applied for, or other financial assistance will be used to repay the loan.

To apply, visit https://floridadisasterloan.org/a/w/wp-content/uploads/2020/03/20200316-COVID-19-Florida-Emergency-Bridge-Loan-Application.pdf

Deadline for application is May 8th,2020

Documents needed to apply:

  • Government Issues ID
  • Federal Business tax returns for last 2 completed years
  • Employer tax documentation
  • Personal tax returns for last 2 completed years with Schedule C
  • Additional Information applicant believes is important for the Loan Review Committee to review

For further questions please visit http://floridasbdc.org/locations/

For questions on how to apply, here is a step by step Florida loan guideline

SBA Economic Injury Disaster Loan (EIDL) and Physical Disaster Loan

Federal loan available to Florida residents. More details on the loan provided at the top of the page. For more info please visit FL 16353 – SBA Offers Disaster Assistance to Florida Small Businesses Economically Impacted by the Coronavirus (COVID-19)

STATE ASSISTANCE

LA Coronavirus (COVID-19)

Louisiana Loan Portfolio Guaranty Program:

For-Profit small businesses domiciled in Louisiana which employ less than 100 employees, and have been impacted by COVID-19 are eligible to apply. An applicant must reach out directly to a lender to apply. Loan amounts up to $100,000 with terms of 1-5 years.

SBA Economic Injury Disaster Loan (EIDL) and Physical Disaster Loan

Only federal loan available to Louisiana residents. More details on the loan provided at the top of the page. For more info please visit LA 16351-01 SBA Offers Disaster Assistance to Louisiana Small Businesses Economically Impacted by the Coronavirus (COVID-19)