Your HR & People Operations Questions, AnsweredHow do I proceed to apply for a small business loan? My doors are about to close. My employees have stopped working and the customers have stopped coming.
HR Questions>How do I proceed to apply for a small business loan? My doors are about to close. My employees have stopped working and the customers have stopped coming.

How do I proceed to apply for a small business loan? My doors are about to close. My employees have stopped working and the customers have stopped coming.

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Brenda asked 2 years ago

1 Answer
Brittany Staff replied 2 years ago
Hi Brenda,

Small businesses and nonprofits in all 50 states are now eligible to apply for the SBA disaster relief loan: https://www.zenefits.com/workest/applications-open-for-sba-coronavirus-relief-loans-in-all-50-states/

You can find the application here: http://www.sba.gov/disaster

Only businesses who cannot find funding elsewhere will qualify. The loan amount can be up to $2 million per business and will have an interest rate of 3.75% for small businesses and 2.75% for nonprofits.

The SBA also has a disaster customer service center. You can call them at 800-659-2955, or email [email protected].

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