Additional Financial Assistance from SBA:
SBA Express Bridge Loan
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Businesses with existing relationships with an SBA Express Lender can access up to $25,000 quickly. This loan can be used while applying for the EIDL loan
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This loan must be repaid in full or in part by proceeds from the EIDL loan
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Check here for details:
www.sba.gov/funding-programs/loans/coronavirus-relief-options/sba-express-bridge-loans
SBA Debt Relief
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As part of SBA's debt relief efforts the SBA will automatically pay the principal, interest, and fees of current 7(a), 504, and microloans for a period of six months
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The SBA will also automatically pay the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020
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Check here for details:
www.sba.gov/funding-programs/loans/coronavirus-relief-options/sba-debt-relief