The Small Business Administration is providing a program to assist small businesses who have non-disaster SBA loans – namely 7(a) loans, 504 loans, and microloans.

Program Benefits: The SBA will cover payments (on principal and interest) in addition to fees for six months.

Program Applicability: This program will apply to preexisting loans in these categories, in addition to new borrowers who take out these loans within six months of the CARES Act becoming law.
Loan Program Details: See the below links if you think that your business could benefit from these options:

7(a) Loan Program Information

7(a) loans max out at $5 million are targeted towards borrowers who lack credit elsewhere and need access to flexible capital. These loans are offered through approved 7(a) lenders (a list is available here)

504 Loan Program Information

504 Loans max out at $5.5 million and provide long-term fixed-rate financing and may be a good option for businesses looking to purchase property or large equipment

SBA Microloan Program Information

The SBA's microloan program offers loans of up to $50,000 to help small businesses start up or expand.

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COVID19 Federal and state business assistance