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.