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Coronavirus Funding Options For Small Businesses

The Small Business Administration has come up with real word solutions to help small businesses deal with the Covid-19 Coronavirus economic challenges we’re all going through.

Here are some of the ways in which the SBA can help your small business in these difficult times:

  • Paycheck Protection Program - This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program.
  • EIDL Loan Advance - This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.
  • SBA Express Bridge Loans - Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.
  • SBA Debt Relief - The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic.

Small businesses across the Untied States are struggling like never before because of the Coronavirus (COVID-19) pandemic. President Donald Trump, on 3-27-20 signed into law the CARES Act, which includes $376 billion in relief for Small businesses in the United States

To learn more about the relief options available for your business, click here.

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