Business Recovery - Federal Assistance

Small Business Payback Protection Program

The Paycheck Protection Program provides small businesses with funds to pay up to eight weeks of payroll costs, including benefits.


  • Businesses with less than 500 employees. Includes sole proprietorships, independent contractors and self-employed persons
  • Private non-profit organizations
  • 501(c)(19) veterans' organizations impacted by coronavirus/COVID-19

Uses: Payroll costs (at least 75% of amount from Small Business Administration), interest on mortgages, rent and utilities


  • 1% for all recipients
  • 2 years' maturity
  • Payments are deferred for six months
  • No collateral or personal guarantees
  • No fess
  • FORGIVABLE if employer maintains, or quickly rehires, employees and maintains salaries
  • 2.75% for non-profits for these loans


Economic Injury Disaster Loans

Economic Injury Disaster Loans (EIDL) are intended to relieve economic injury created by the COVID-19.


  • U.S. Agricultural businesses, which includes those businesses engaged in the production of food and fiber, ranching, and raising of livestock, aquaculture, and all other farming and agricultural related industries (as defined by section 18(b) of the Small Business Act (15 U.S.C. 647(b)).

Uses: Paying fixed debts, payroll payments, and other bills that need to be paid.


  • 3.75% for small businesses
  • 2.75% for non-profits for these loans

Employee Retention Tax Credit

An Employee Retention Tax Credit is a fully refundable tax credit for eligible employers for payroll expenses, including allocable qualified health plan expenses.


  • Small businesses who do not participate in the Paycheck Protection Program, and
  • Businesses of all sizes that had to fully or partially suspend operations at the direction of the government due to the COVID-19 outbreak or have gross receipts that are 50% less than the same quarter the previous year, until they reach 80% of gross receipts


  • Refundable payroll tax credit
  • Employee retention tax credit of 50% of wages for each employee, capped at $10,000 in wages
  • IRS will provide employers with methods to request advance refunds to get the money back faster

Main Street Lending Program

The Main Street Lending Program will provide loans to small and medium-sized businesses through the Main Street New Loan Facility and the Main Street Expanded Loan Facility.  These loans will come from a list of approve lenders.


  • U.S. businesses are eligible for loans if they meet either of the following conditions:
    • The business has 10,000 employees or fewer; or
    • The business had 2019 revenues of $2.5 billion or less
  • The Main Expanded Loan Facility is for businesses with current loans that will be “upsized”


  • Four-year maturity
  • Amortization of principal and interest deferred for one year
  • Minimum loan size $1 million


Small Business Association Bridge Loans

Small Business Administration Express Bridge Loans are available to those awating responses to applications for an economic injury disaster loan.


  • Must have a business relationship with a Small Business Administration (SBA) Express Leader
  • Must have applied for a direct SBA Economic Injury Disaster Loan
  • Need cash while waiting for finanization of the SBA loan
  • Must meet all other SBA 7(a)loan eligibility requirements


  • Up to $25,000
  • Fast turnaround
  • Will be repaid in full or in part by proceeds from the Economic Industry Disaster Loan

Small Business Association Debt Relief

The Small Business Administration (SBA) is automatically paying the principal, interest and fees for existing SBA loans.  Learn more


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