COVID-19 SBA Disaster Funding Programs

There are many COVID-19 funding programs available to small business owners.  You will find a brief description of the SBA programs below.  If you need assistance understanding and applying for the programs, complete an SBDC Request for Counseling form.  SBDC counselors are here to assist you.  Submit your request here.

Coronavirus Economic Relief for Transportation Services (CERT) Program

Established by the Consolidated Appropriations Act, 2021, the Coronavirus Economic Relief for Transportation Services (CERTS) Program was created to support transportation service providers affected by the COVID-19 pandemic, including motorcoach, school bus, passenger vessel, and pilot vessel companies.

Under the program, Treasury will provide up to $2 billion in grants to eligible companies that certify they have experienced an annual revenue loss of 25 percent or more as a direct or indirect result of COVID-19. CERTS grant funds are primarily to cover payroll costs, but may also be used to cover the acquisition of services, equipment, including PPE and protection measures from COVID-19 for workers and customers; continued operations and maintenance of existing equipment and facilities; rent, leases, insurance, and interest on regular debt service.

Application Deadline:  The CERTS portal will be open for applications through July 19, 2021.  To be considered for a CERTS grant, an application must be completed, electronically signed, and submitted through the portal by 11:59 PM ET on July 19.  After the deadline, the portal will not accept new applications, and users will not be able to finish draft applications in the portal.
Your SBDC counselor can assist you with further guidance.

SBA Paycheck Protection Loan Programs

The Paycheck Protection Programs (PPP) are designed to provide a direct incentive for small businesses to keep their workers on payroll.

First Draw PPP loans can be used to help fund payroll costs, including benefits, and may also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations.

The Second Draw PPP loan now allows certain eligible borrowers that previously received a PPP loan to apply for a Second Draw PPP loan with the same general loan terms as their First Draw PPP loan.  Second Draw PPP loans can be used to help fund payroll costs, including benefits. Funds can also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations.

Additional PPP Information –

For additional information about PPP, loans visit the SBA website: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program

COVID-19 Economic Injury Disaster Loans (EIDL)

The COVID-19 Economic Injury Disaster Loan program is designed to meet the financial obligations and operating expenses that could have been met had the disaster not occurred.  EIDL loan applications will continue to be accepted through December 2021, pending the availability of funds. Loans are offered at very affordable terms, with a 3.75% interest rate for small businesses and 2.75% interest rate for nonprofit organizations, a 30-year maturity, and an automatic deferment of one year before monthly payments begin.

For the most up-to-date information on these COVID-19 relief programs, visit www.sba.gov/disaster.

Office of Disaster Assistance – Customer Service:
1-800-659-2955

If you received an email from CLS@sba.gov requesting information, it is legitimate.

Targeted EIDL Advance Program

The COVID-19 Targeted EIDL Advance was signed into law on December 27, 2020, as part of the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act. The Targeted EIDL Advance provides businesses in low-income communities with additional funds to ensure small business continuity, adaptation, and resiliency.  Advance funds of up to $10,000 will be available to applicants in low-income communities who previously received an EIDL Advance for less than $10,000, or those who applied but received no funds due to lack of available program funding.  The SBA is reaching out directly to those who qualify.

Shuttered Venue Operators Grant

The Shuttered Venue Operators Grant (SVOG) program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, and amended by the American Rescue Plan Act. The program includes over $16 billion in grants to shuttered venues, to be administered by SBA’s Office of Disaster Assistance.

Eligible applicants may qualify for grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees.  Eligible entities include: Live venue operators or promoters, Theatrical producers, Live performing arts organization operator, Relevant museum operators, zoos and aquariums who meet specific criteria, Motion picture theater operators, and Talent representatives.  Applications open in early April.

System for Award Management (SAM) registation is required to apply for the SVOG.  Training Video.

  • Frequently asked questions: FAQ about the Restaurant Revitalization Fund [UPDATED 3/30]
    • This FAQ can be translated into additional languages here (select language on the right)
  • Resources package: Share this document with your suppliers, partners, and colleagues to help spread the word. It contains all of our current resources in one. [UPDATED 3/30]

SBA Debt Relief

As a part of the CARES Act, the SBA was authorized to pay six months of principal, interest, and any associated fees that borrowers owe for all 7(a), 504, and Microloans reported in regular servicing status. The debt relief to borrowers was originally dependent on the loan being fully disbursed prior to September 27, 2020, and did not apply to loans made under the Economic Injury Disaster Loan program.

These original provisions were amended on December 27, 2020, through the Economic Aid to Hard-Hit Small Businesses, Non-Profits and Venues Act (Economic Aid Act). The Economic Aid Act revised the eligibility criteria for assistance to include all 7(a), 504, and Microloans approved up to September 27, 2020.    The Economic Aid Act also authorized additional debt relief payments to 7(a), 504, and Microloan borrowers beyond the six-month period prescribed in the CARES Act. The level of assistance varies based on when the loan was approved and began in February 2021.