Your HR & People Operations Questions, AnsweredAre loans still available for small businesses that have been affected by covid 19 shutdowns?
HR Questions>Are loans still available for small businesses that have been affected by covid 19 shutdowns?

Are loans still available for small businesses that have been affected by covid 19 shutdowns?

Questions are submitted by our Workest readers. Sign up to ask an HR question of your own, and to contribute to the conversation

Ida asked 2 years ago

1 Answer
Riia O’Donnell replied 2 years ago
Ida – you may still be in luck. While the SBA was deluged with requests when the initial loans were announced, many businesses who incorrectly applied for the loans and subsequently returned them may have made funds available. Check with your local bank or SBA office to see if there’s any money left from the CARES Act loan program. If not, you may be able to leverage a normal small business loan through the agency.

Most read stories


This website provides general information related to Zenefits services and related laws and best practices. This content and Zenefits employees do not provide legal advice. While we strive to provide useful general information applicable to the majority of our readers, we do not - and cannot - provide legal advice specific to your company and your situation. Already a Zenefits customer? Enjoy on-demand HR Advisory Services for all your HR and compliance questions. If not, learn more here.