Resources for Small Business Owners after COVID-19What you need to know about available small business loan programs from the SBA and more
The worldwide COVID-19 outbreak is a quickly changing, uncertain situation. And at AFN, we’re here to help.
SBA PPP loans provide financial assistance to small businesses that have been affected by COVID-19 to help them keep employees on their payrolls.
Keep reading to learn more about how PPP loans work, how to apply, and other small business loan programs and resources available to small businesses who have been affected by COVID-19.
SBA Paycheck Protection Program (PPP) Loan
Government Assistance Programs
SBA Economic Injury Disaster Loan Program for Small Businesses
To assist small businesses impacted by COVID-19, the government has passed the CARES Act, which expands the existing SBA Economic Injury Disaster Loan program with an additional billions in funding.
Local and State Government Assistance Programs for Small Businesses
Beyond the CARES Act, many local and state governments have launched financial assistance programs to support small businesses impacted by COVID-19. These programs vary by agency but tend to take the form of grants to help cover payroll and rent, or low-interest loans. Small businesses can apply for these programs in addition to the CARES Act SBA programs.
Other Ways the CARES Act Can Help Your Small Business
The CARES Act included provisions to support small businesses affected by the COVID-19 (coronavirus) outbreak beyond small business loans from the SBA. Learn more about the other parts of the CARES Act, including tax breaks and debt relief, that can offer some financial relief to your business.
Resources to help navigate
The coronavirus outbreak is an ongoing, evolving situation—and new information becomes available almost daily. We’ll keep this section updated with the most helpful resources for business owners.