Government Funding Assistance
Pandemic related economic assistance from the federal government, including the Paycheck Protection Program has wrapped up. However, the U.S. Small Business Administration (SBA) helps small businesses get loans by working with partnering lenders, community development organizations, and micro-lending institutions to make it easier for them to access capital for loans to small businesses.
Microloans can be a good option for small businesses. These are smaller-size loans of up to $50,000 provided through SBA funding intermediaries. The average loan is about $13,000 and must be paid back within six years.
Economic Injury Disaster Loans (“EIDL”) may also be available if your small business experiences a local disaster, such as flood or storm damage.
If you want additional assistance figuring out which program is right for your business or navigating the loan or PPP forgiveness process, please fill out our intake form.