Small businesses across the globe are trying to pass through the challenging times caused by the pandemic with minimal losses. In the U.S., you can apply for various Coronavirus business funding options. If you’re interested in a Coronavirus small business loan, you’re at the right place.
Coronavirus Small Business Loan
Are you suffering economic loss caused by the outbreak? Do you live in an area deemed a disaster? Be aware that the U.S. Small Business Administration (SBA) is offering affordable loans to small businesses having suffered losses.
You can find them through the SBA’s Economic Injury Disaster Loans program (up to $2 million). Besides, the administrations is also offering the Paycheck Protection Program (PPP) loans (up to $10 million) under the CARES Act.
There’re also other CARES Act lending program options such as:
- Economic Injury Disaster Loan (EIDL) Advance (up to $10.000)
- SBA Express Bridge Loans (up to 25.000)
- SBA Debt Relief offering a financial reprieve
By the way, the Federal Deposit Insurance Corporation (FDIC) has encouraged banks across the country to help customers with personal and business finances faced the direct impact of the outbreak.
Thankfully, these aren’t the only options to try: you can also turn to a reputable alternative online lender in the U.S. With a trustworthy business funding provider dedicated to offering a secure and cheap coronavirus small business loan, you can sidestep the current obstacles without major challenges.
How to Apply for COVID-19 Small Business Loans
When applying for the SAB’s loans, just visit its Disaster Assistance page to know the application procedure of the available funds. Also, review the financing options on the SBA’s Coronavirus Relief Options page.
The PPP borrower application form is available on the SBA website. You can get this type of financing through lenders like banks and credit unions. As for alternative online lenders, there’re respectable experts that offer quick and hassle-free application and approval to both low and high risk merchants.
The Coronavirus pandemic has affected and continues to affect small businesses worldwide. To adapt to the created situation and navigate this challenging time, turn to COVID-19 small business loan providers.
Author Bio: Blair Thomas has been a music producer, bouncer, screenwriter and for over a decade has been the proud Co-Founder of eMerchantBroker, the highest rated high risk merchant account processor in the country that offers a secure and cheap coronavirus small business loan to low and high risk merchants. He has climbed in the Himalayas, survived a hurricane, and lived on a gold mine in the Yukon. He currently calls Thailand his home with a lifetime collection of his favorite books.