SBA Economic Resources for COVID-19

This webinar will provide a high-level general overview of the SBA's Economic Injury Disaster Loan (EIDL ) and the Paycheck Protection Program (PPP). We will cover the qualifications, terms, and features of each program and briefly cover the application process. The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. The EIDL loan advance provides economic relief to businesses that are currently experiencing a temporary loss of revenue. Eligible Paycheck Protection Program (PPP) recipients may qualify for a loan up to $10 million determined by 8 weeks of prior average payroll plus an additional 25% of that amount.