Coronavirus Emergency Loans- Small Business Guide and Checklist

Coronavirus Update
March 17, 2020
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Coronavirus Emergency Loans- Small Business Guide and Checklist

Riverside County is working with the U.S. Small Business Administration to make it easier for local businesses and nonprofits to secure financing to keep operating during the coronavirus crisis. The SBA program provides disaster assistance with loans of up to $2 million for qualifying businesses. (iStockphoto)

The Cares Act passed the Paycheck Protection loan to assist small businesses in keeping workers employed during the coronavirus pandemic. Determine if your business is eligible, what lenders will be looking for, how much you can borrow, and what will be forgiven by using the Small Business Owner’s Guide to the CARES Act.

The SBA 7(a) loan (Paycheck Protection Program) applications have now been released from SBA.  If you are a small business or self-employed, in need of this financial assistance, please contact your local lender.

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