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

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/