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U.S. Small Business Administration (SBA) – EIDL Under the CARES Act

Agency / Department: U.S. Small Business Administration (SBA)

Resource: EIDL Under the CARES Act

Details: These loans are provided by the SBA to SBCs1, private non-profits, small agricultural co-ops, and employee stock ownership plans (ESOP) with less than 500 employees. A business can receive $2,000,000, including a $10,000 advance at the time of application, for assistance to overcome a disaster, which now includes the COVID-19 public health emergency.

Announced 5/4: Agricultural businesses are now eligible for the Economic Injury Disaster Loan and EIDL Advance programs.

Link: https://gusto.com/blog/business-finance/cares-act

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