Your HR & People Operations Questions, AnsweredWhat steps do I take to apply for a small business loan for our business?
HR Questions>What steps do I take to apply for a small business loan for our business?

What steps do I take to apply for a small business loan for our business?

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

rafie asked 2 years ago

1 Answer
Brittany Staff replied 2 years ago
There are currently 2 loans you can apply for – The Economic Injury Disaster Loan and the Paycheck Protection Program.

You can apply for the SBA coronavirus relief loan here: https://disasterloan.sba.gov/

And the Payroll Protection Program here: https://www.sba.gov/funding-programs/loans/paycheck-protection-program-ppp

The difference between the two loans is broken down into an easy to read chart here: https://www.zenefits.com/workest/paycheck-protection-program-vs-disaster-loan-which-one-is-right-for-my-smb/

It might also be worth a shot to see if your local government is offering grant and/or loan programs too. There’s a list of these programs that’s being regularly updated here: https://www.zenefits.com/workest/the-big-list-of-covid-19-financial-assistance-programs-for-small-businesses-by-state/

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.