COVID-19 Small Business Loans The Small Business Administration (SBA) offers programs that can help your business if it’s been affected by the coronavirus pandemic. Paycheck Protection Program (PPP) The Paycheck Protection Program (PPP) ended on May 31, 2021. It offered loans to help small businesses and non-profits keep their workers ;· The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to smaller businesses affected by coronavirus (COVID-19).The Highly Affected Sectors Credit Availability Program (HASCAP) Guarantee is a business lending program for Canadian businesses that have been disproportionately impacted by COVID-19. The program provides a loan that is 100% guaranteed by Business Development Bank of Canada (BDC). Key features of HASCAP include:COVID-19 EIDL. This program provides funding to small businesses and non-profit organizations currently experiencing a temporary loss of revenue related to COVID-19. Learn Injury Disaster Loan (EIDL) Emergency Advance. If your small business is losing revenue due to the COVID-19 pandemic, you may be eligible for up to $10,000 in emergency economic relief. Small business owners can apply for a larger EIDL loan, but the first …The Small business cash flow loan scheme (SBCS) supports organisations and small to medium businesses affected by COVID-19 and has been extended until 31 December 2023. If your business has 50 or fewer full-time equivalent staff, you may be eligible to receive a one-off loan. The maximum amount loaned is $10,000 plus $1,800 per full-time-equivalent The Small Business Cashflow Scheme (SBCS) was introduced to support small to medium businesses and organisations struggling with a loss of actual revenue due to COVID-19. Applications are open until 31 December 2023. We will administer the payments and repayments of this ;· COVID-19 | April 6, 2020 FAQs: Small Business Loans for COVID-19 The coronavirus of 2019 (COVID-19) has caused unprecedented disruption for small businesses in the United States. In response, the federal government has created and expanded several assistance programs for certain impacted businesses, including a paycheck protection program (PPP).21/12/2020 · The interest rate for PPP loans are 1%. Coronavirus Small Business Loan Application Process Here’s how small businesses can apply for an EIDL: Those affected can describe their losses. Eligible small businesses must complete an Economic Injury Worksheets detailing the economic losses they have suffered due to the ;· This program gives short-term, interest-free loans to small businesses impacted by COVID-19. The loans have a duration of one year and can be for up to $50,000. It also offers emergency bridge loans.

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