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Hi All,
There are two relief programs being offered by the SBA right now. The first is the Economic Injury Disaster Loan program. This program offers only up to $25,000 if you don't have collateral and the first $10,000 may be classified as a grant.
https://covid19relief.sba.gov/
The main program that Congress passed is the Payroll Protection Program that is designed to cover 2.5x of your company's average monthly payroll and may be forgivable. The SBA is still rolling out the application process for that as well as additional details. We'll share them with you when we know more.
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