The SBA's Economic Disaster Loans are available for use in the COVID-19 crisis.  

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They have been intermittently available during the crisis, but as of 6/15/20, are open again for application.

• Up to $150,000 is available

• Up to $10,000 as an advance ($1,000 x number of employees)

• Actual loan amount determined by the SBA with only a few inputs: 12 months prior income, 12 months prior cost of goods sold, number of employees, location, and industry

• Read the loan documents thoroughly - there are behavioral limitations!

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> Loan proceeds can be used for "working capital" - fixed debts (like rent), payroll, accounts payable, bills incurred had the disaster not occured.  

> Loan proceeds cannot be used for dividends, bonuses, disbursements to owners, repayment of shareholder loans, expansion of faicilities or acquisition of fixed assets, refinancing debt, relocation, paying off other federal loans.

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Link to the application.  https://covid19relief.sba.gov/#/

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