As of 3/21/2020, the SBA has opened the SBA Disaster Loan due to COVID-19 to many states, including PA, DE, NY, NJ, CT, MA, DC, MD, VA, NC, SC, GA, and FL.
You can search for your area here - https://disasterloan.sba.gov/ela/Declarations/Index
This loan is available to businesses as “Working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.” This loan has a 3.75% interest rate (2.75% for nonprofits) with a repayment term of up to 30 years.
Note that this is not a comprehensive list or instructions, but should help you prepare for your application.
Businesses will be required to provide personal and business financial information including, but not limited to:
READY TO APPLY? disasterloan.sba.gov
U.S. SMALL BUSINESS ADMINISTRATION FACT SHEET – ECONOMIC INJURY DISASTER LOANS
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