This program is run out of the Small Business Administration and you apply here: https://covid19relief.sba.gov

This program allows small businesses (under 500 employees) and non-profits to apply for a disaster loan. This includes self-employed and sole proprietorships.

Payment of the loan is deferred for at least 6 months. Loan rates are 3.75% for small businesses and 2.75% for private non-profit organizations with a term of up to 30 years.

This loan can be used to pay for standing debt, payroll, and any other bills that can’t be paid because of the crisis.

Applicants can receive a $10,000 grant as a first step in the loan. SBA will award this GRANT within 3 days of an application submitted to help provide a bridge of funding to the business or non-profit while applications are reviewed.