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SBA Economic Disaster Assistance: Express Bridge Pilot Program

SBA Economic Disaster Assistance: Express Bridge Pilot Program

What SBA Economic Disaster Assistance is Available in Response to COVID-19 Part II: SBA Express Bridge Pilot Program

Overview

Pursuant to its authority under the Small Business Act, the U.S. Small Business Administration (“SBA” or the “Agency”) provides direct loan assistance to small businesses located in communities impacted by Presidentially-declared disasters and disasters declared by SBA under...
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What SBA Economic Disaster Assistance is Available in Response to COVID-19?

What SBA Economic Disaster Assistance is Available in Response to COVID-19?

Part 1: Coronavirus Preparedness and Response Supplemental Appropriations Act, PL 116-123 (March 6, 2020)

ECONOMIC INJURY DISASTER (“EID”) LOANS As authorized by PL116-123, the SBA has made Economic Injury Disaster Loans ("EID Loans") available for qualifying businesses that have suffered economic injury as a result of the Coronavirus epidemic. Below is a summary of the SBA's eligibility...
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What Does the CARES Act Provide for Small Businesses?

What Does the CARES Act Provide for Small Businesses?

President Donald Trump is expected to sign H.R. 748, the Coronavirus Aid, Relief and Economic Security Act (“CARES”), which passed the House on March 27, 2020, following several days of intense negotiations between Congressional leaders and Treasury Secretary Steven Mnuchin.

The main features for small businesses are emergency grants and a forgivable loan program for companies...
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