Economic Injury Disaster Loan Information

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  • Paycheck Protection Program (PPP)
    • Status: Open! All lenders are eligible to submit applications for a 1st or 2nd Draw PPP loan.
      Deadline: May 31, 2021 if funding is still available
    • Small businesses and eligible nonprofits may apply for their first PPP loan or, if they meet the criteria, a second PPP loan, if they have used all the funds from their first PPP loan. This loan is forgivable if borrowers used the funds in the authorized manner and spend at least 60% of the loan proceeds on payroll costs and no more than 40% on authorized non-payroll costs.
      For more information: Paycheck Protection Program 
  • Economic Injury Disaster Loan Program (EIDL)
  • Targeted EIDL Advanced Grant
    • Status: Eligible applicants contacted by SBA
    • Newly created as part of the recent legislation, the Economic Aid Act, to provide businesses located in low-income communities with additional funds of up to $10,000 to ensure small business continuity, adaptation, and resiliency.
      For more information: COVID-19 Economic Injury Disaster Loans
  • Shuttered Venue Operators Grant (SVOG)
    • Status: Opening on/around April 8
    • Visit the SVOG website for additional information on the types of entities eligible, how to calculate how much you may be eligible for under this grant program and the proposed plan for phased implementation. You can also watch the webinar which provides an overview: Shuttered Venue Operators Grant Overview - YouTube
      For more information: Shuttered Venue Operators Grant
  • Restaurant Revitalization Fund (RRF)
    Status: COMING SOON! 
    • $28.6 billion total available funding
    • Tax-free Federal Grant
      • Eligible expenses include:
        • Payroll
        • Principal or interest on mortgage obligations
        • Rent
        • Utilities
        • Maintenance
        • Supplies
        • Food and beverage inventory
        • Operational expenses
        • Paid sick leave
    • Grants equal the amount of pandemic-related revenue loss for period from 2/15/20-12/31/20 IF
      • Applicant is not a publicly traded company 
      • Has no more than 20 locations as of 3/13/20
      • Good faith certification that the uncertainty of current economic conditions makes it necessary to request the grant to support ongoing operations
      • Applicant has not applied or received a “Shuttered Venue Operators” grant

Contact Information

Lauren Cartwright

Business Retention and Expansion Program Manager

Economic Development Board

Contact me by Phone

Contact Information

Marcos J. Suarez

Asistencia a Negocios en Español

Economic Development Board
Contact us by Phone