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The U.S. Small Business Administration (SBA) is offering Disaster Loan Assistance for small businesses during the COVID-19 pandemic. The loans provide working capital to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period. The loans require collateral and applicants must show the ability to repay the loan. Interest rates are fixed for the life of the loan, with a maximum of 3.75%. Loan terms are up to maximum of 30 years. Other criteria apply. The loan application filing deadline is December 21, 2020.

Click on this link for more information and access to loan forms: SBA Coronavirus (COVID-19): Small Business Guidance & Loan Resources