Provide Access to Working Capital or Financing Options and Increase Capital Access

Provide direct financial support or connections to other financing options to assist eligible businesses that are experiencing a temporary loss of revenue as a direct result of the disaster; funds can support normal operating expenses (such as healthcare benefits, rent, utilities, etc.) to keep businesses open throughout recovery.

Agency & Program NameType of Program & Funding SourcePhase AvailableCritical Program Information
SBA: Economic Injury Disaster Loans (EIDL)Loan

Annual
IntermediateEIDL assistance is available only to small businesses when SBA determines they are unable to obtain credit elsewhere.
TREAS / IRS: CDFI ProgramLoan

Annual
Intermediate
Long-Term
The CDFI Program uses monetary awards and training opportunities to invest in and build the capacity of CDFIs, empowering them to grow, achieve organizational sustainability, and drive community revitalization.
SBA: 7(a) LoansLoan

Annual
Intermediate
Long-Term
The 7(a) Loan Program, SBA’s most common loan program, includes financial help for small businesses with special requirements. This is the best option when real estate is part of a business purchase, but it can also be used for: Short and long-term working capital
Refinance current business debt; Purchase furniture, fixtures, and supplies. The maximum loan amount for a 7(a) loan is $5 million. Key eligibility factors are based on what the business does to receive its income, its credit history, and where the business operates. Your lender will help you figure out which type of loan is best suited for your needs.
Last updated January 25, 2022