Small Businesses Assistance
Click here to search for PPP Lenders Near You
Click here to apply for the Economic Injury Disaster Loan (EIDL) Advance program
The following entities affected by COVID-19 may be eligible for First Draw PPP Loans (if you have not received a PPP loan before):
- Sole proprietors, independent contractors, and self-employed persons
- Any small business that meets SBA’s size standards (either the industry size standard or the alternative size standard)
- Any business, 501(c)(3) non-profit organization, 501(c)(19) veterans organization, or tribal business concern (sec. 31(b)(2)(C) of the Small Business Act) with the greater of:
- 500 employees, or
- That meets the SBA industry size standard if more than 500
- Any business with a NAICS code that begins with 72 (Accommodations and Food Services) that has more than one physical location and employs less than 500 per location
A borrower is generally eligible for a Second Draw PPP Loan if the borrower (if you have received a PPP loan before):
- Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses
- Has no more than 300 employees; and
- Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020
Restaurant Revitalization Fund Eligibility:
- Any place of business where customers assemble for the primary purpose of being served food or drink, including establishments located in an airport terminal or that are Tribally-owned.
- Food truck
- Food cart
- Food stand
- Tasting room
- Entities that are NOT eligible include:
- State or local government-operated businesses
- Restaurant chains that, together with affiliated businesses, own or operate more than 20 locations as of March 13, 2020,
- Restaurants that have a pending application for or have received a grant for shuttered venue operators
- Publicly-traded companies
Economic Injury Disaster Loan (EIDL) Advance Program Eligibility
Under the COVID relief law, an entity is eligible for an EIDL emergency advance grant if it:
- Has 300 or fewer employees;
- Can demonstrate more than 30% reduction in revenue during an 8-week period beginning on March 2, 2020, or later.
- Is located in a low-income community, as defined in section 45D(e) of the Internal Revenue Code 26 USC § 45D(e)
- A mapping tool is available here
- If an eligible entity has already received an EIDL emergency grant, it is now only eligible to receive the difference between $10,000 and the amount it previously received. If an eligible applicant did not previously secure a grant before funding ran out, they are eligible for the full $10,000.
* SBA will first reach out to EIDL applications that already received a partial EIDL Advance (between $1,000 - $9,000). Applicants will be contacted directly by SBA via email in the coming weeks with instructions to determine eligibility and submit documentation.