COVID-19 Coronavirus SBA Disaster Loan Assistance [Infographic]

The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).

Embed This Infographic On Your Site

<p><strong>Please include attribution to req.co with this graphic.</strong><br /><br /><a href='https://req.co/insights/article/covid-19-coronavirus-sba-disaster-loan-assistance-infographic'><img src='https://req.co/sites/default/files/inline-images/SBA-Disaster-Lending-Infographic_REQ%20%281%29.jpg' alt='COVID-19 Coronavirus SBA Disaster Loan Assistance [Infographic]' width='1000px' border='0' /></a></p>

Copy Embed Code

FAQs

What type of disaster loan do I qualify for if my business was affected by COVID-19?

• SBA Economic Injury Disaster Loan

How long will it take to get funds if I’m approved?

• Approved businesses can expect to receive funds within 2-3 weeks from the date of application

Can I receive up to $2M per each business I own?

• Businesses that fall under the umbrella of a single owner/entity may only be able to apply for and receive up to $2M total across their affiliated businesses

Can I still qualify for an SBA Disaster Loan if I have an existing SBA Loan (7a or 504, for example)?

• Yes, the funds are separate for disaster loans vs other SBA loan types, so you would still be eligible if you have an existing SBA loan