Your HR & People Operations Questions, AnsweredHow much in coronavirus relief loans can a small business get?
HR Questions>How much in coronavirus relief loans can a small business get?

How much in coronavirus relief loans can a small business get?

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Stephen asked 2 years ago
We need some financial assistance to continue with our AGENCY.

1 Answer
Jesse Staff replied 2 years ago
Hi Stephen. It will likely depend on the severity of the financial impact to your business. However, the SBA has issued guidance that they would make up to $2 million available to individual businesses. Interest rates would be 3.75% for small businesses and 2.75% for nonprofits. Repayment could be extended up to 30 years.

More available here: https://www.zenefits.com/workest/how-do-i-apply-for-the-coronavirus-small-business-loan/

And here: https://www.sba.gov/disaster-assistance/coronavirus-covid-19

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