What are the requirements to apply for a SBA coronavirus relief loan?
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Some states, like Washington, have already made worksheets available to help businesses prepare ahead if their area is declared eligible. An example worksheet here: http://startup.choosewashingtonstate.com/wp-content/uploads/2020/03/Economic-Injury-Worksheet-051410.pdf
The SBA also notes that funds can be used to “pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact.”
More info directly from the SBA is here: https://www.sba.gov/disaster-assistance/coronavirus-covid-19
Our article on these loans is here: https://www.zenefits.com/workest/how-do-i-apply-for-the-coronavirus-small-business-loan/
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