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How do I access small business loans?

The U.S. Small Business Administration (SBA) has extended low-cost capital to business owners affected by the coronavirus outbreak through its Economic Disaster Injury Loan program (EIDL). You can find up-to-date information on available loans from the SBA here.

If your business is located in a declared disaster area, and you are affected by other disasters such as hurricanes, flooding, or wildfire, and social unrest, you can also look up information on non-COVID-19 Economic Disaster Injury Loan programs here.

Additionally, individual states and cities are implementing financial measures to support small businesses, so youā€™ll want to check with your local business authority to see if there are options available for your business.

You may look for information on different types of business loans from Fundera.

Work with your local bank to discuss different types of loan options.

Source: SBA

This article was written and edited by the Tayo editorial desk and has been reviewed by an independent panel of subject matter experts.

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