COVID-19 Loan Options


Economic Injury Disaster Loan


  • Existing S.B.A. program

  • Apply directly with the S.B.A.

  • Let SBA Loan Aid process for you

  • Loan size is six months of operating expenses

  • Loan up to $2.0M

  • 3.75% percent interest rate

  •     (2.75% for non-profit)

  • Application deadline extended to Dec 31, 21

  • Emergency Advances are available

  • Collateral may be required if loan is > $25K

  • Cannot be utilized to pay off earlier loans.

  • Up to 30-year term

  • Payments deferred for one year.

  • No prepayment penalties.

          Click here for more EIDL info


Shuttered Venue Operator Grants


  • New S.B.A. program

  • Apply directly with the S.B.A.

  • Let SBA Loan Aid process for you

  • Venue must have been in operation prior to March, 2020

  • Grant size is 45% of 2019 revenues

  • Grants up to $10.0M

  • Applications are not YET opened

        Click here for more SVOG info

SBA (7a) PPP

Paycheck Protection Program


  • Extended program through Congress.

  • Apply only through your bank lender

        with pre-existing bank/loan relationship.

  • Loan size is monthly payroll x 2.5

  • Loan up to $10M

  • 1.0% percent interest rate

  • Applications extended to March 31, 21


  • Loan is eligible to be forgiven if 60%+ funds used for retention of employees.

  • Loan size determined by previous year's payroll documentation.

  • If remaining principle, 2-year term.

  • Payments deferred for six months.

  • No prepayment penalties.

            Click here for more PPP info

Documentation required for either PPP, SVOG, or EIDL

(best if included with the original application):




IRS Employee Retention Credit

IRS Form 7200

Applicable in conjunction with an EIDL Loan; but not with the PPP.

Click here for more Employee Credit info

  • Tax ID (TIN)

  • Most recent tax return(s)

  • 2019 income statement

  • 2019 payroll summary

  • 2020 pro-forma

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