This loan is designed to bridge the gap while applying for a direct Small Business Association Economic Injury Disaster Loan or EIDL. Businesses that have an existing relationship with a SBA Express Lender may access faster funds with less paperwork. These loans provide economic support to small businesses to overcome the temporary loss of revenue and can be a term loan or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. This loan is up to $25,000.00 and is repaid in full or in part by proceeds from the EIDL loan.
For a list of lenders go to: https://www.sba.gov/local-assistance or https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources