How much in coronavirus relief loans can a small business get?
Questions are submitted by our Workest readers. Sign up to ask an HR question of your own, and to contribute to the conversation
SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance for a small business. The interest rate is 3.75% for small businesses and 2.75% for nonprofits, and repayment can extend up to 30 years.
The loan can only be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. However, only small businesses and nonprofits that are unable secure other loan funding are eligible.
What do you think? Join The Conversation
Please login or Register to submit your answer
Recent People Operations Questions
-
What are some strategies to manage employees who work virtually?
Dec 05, 2022
1 answers
-
What are some workforce trends I should be aware of as I plan for 2023?
Oct 21, 2022
1 answers
-
How do people fit into the idea of ’emorational’ decisions?
Oct 21, 2022
1 answers
-
What should I be thinking about if I’m looking to expand my workforce globally?
Oct 21, 2022
1 answers
Most read stories
Where do I mail my tax returns? That depends on your location. Here is our guide to each IRS mailing address, based on your state.
An employee handbook can be crucial in building a positive workplace culture and employee loyalty, but they’re not easy to write. That’s why we’re breaking down the process for you and offering you 7 employee handbook examples.
It may be tempting to deny vacation time to employees who give their 2-week notice to avoid being in a bind, but is it legal?
When designing a paid time off policy or managing PTO requests, take this List of Federal Holidays into account
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.
