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Small Business Loans COVID-19 | Emergency Relief For Businesses

NOTICE: Due to the nature of the emerging and rapidly evolving information from government and non-government relief programs, some requirements and offerings may change before they are listed on this website.  Please consult with your loan officer and your own professionals for the most current details.

 

On this page:

  • C-19 Recovery Loan
  • SBA Disaster Loan Program
  • The Small Business Owner’s Guide to the CARES Act 
  • Top Tips for Businesses Impacted by COVID-19
  • SBA Alert: Beware of Scams + Fraud

 

RELIEF + RECOVERY LOAN OPTIONS: 


 

C-19 RECOVERY LOAN
– up to $250,000 – for businesses in California. Arizona, Nevada, Washington DC, Detroit, Mi and Houston, TX

LOOKING FOR CAPITAL BUT NOT IN NEED OF A RECOVERY LOAN?  Click here to learn about other options.

CLICK TO APPLY ONLINE: C-19 RECOVERY LOAN

  • Ways to apply:
    • Online
    • SBA Alert: Beware of Scams and Fraud Schemes Guide: We recommend you review the SBA’s alert about potential fraud schemes related to economic stimulus programs offered by the U.S. Small Business Administration.  This guide will help you identify grant fraud, loan fraud and phishing.
  • Who can Apply:
    • Businesses in California, Arizona, Nevada, Washington DC, Detroit MI and Houston, TX
    • For-profit small businesses whose operations, revenue and staffing have been disrupted due to COVID-19. 
    • Businesses impacted by COVID-19 that need funding for working capital and inventory 
    • Businesses that are fully or partially operational who are in compliance with state and local COVID-19 regulatory requirements.
  • Timing:
    • We are working hard to respond to your loan request as quickly as possible.  Please note, there may be a slight delay due to high demand. 
  • Loan Details:
    • Loan amount:  $20,000 – $250,000 
    • Credit Score minimum of 680
    • Variable Rate: Prime + 2.75 to 6%, based on applicant’s combined business and personal credit 
    • Term: 10 years fully amortized helps keep your payments low
    • All fees financed through the loan
    • Personal guarantee required
    • No prepayment penalty

 

 


DISASTER LOANS THROUGH THE SBA –
These Loans Are NOT Available through CDC Small Business Finance

Please note: The SBA’s Disaster Loan division is completely separate from CDC Small Business Finance and unfortunately we cannot help you apply.

 


THE SMALL BUSINESS OWNER’S GUIDE TO THE CARES ACT

Download the U.S. Senate Committee on Small Business & Entrepreneurship’s Guide

Get all the details on:

  • Paycheck Protection Program Loan
  • Small Business Debt Relief Program
  • Economic Injury Disaster Loans
  • Emergency Economic Injury Grants
  • Small Business Counseling
  • Small Business Contracting
  • Small Business Tax Provisions

 

TOP TIPS FOR BUSINESSES IMPACTED BY COVID-19

 

SBA ALERT: BEWARE OF SCAMS + FRAUD

Click to read the SBA Alert: Beware of Scams + Fraud
As a small business owner, we know you need relief and you want it fast. We urge you to be diligent when getting an emergency loan. It’s critical to know how to not fall victim to scams and fraud.

 


 

ADDITIONAL CDC SMALL BUSINESS FINANCE LOAN OPTIONS:


It is possible that some of the information on this website, on linked pages and attachments (collectively, Information”) has been superseded, modified or is no longer accurate.  The Information does not constitute legal, tax, financial or advice of a professional nature; it is provided for informational purposes only.  You should consult your own professional advisors for any such advice.  Any action you take based upon the Information is strictly at your risk and based upon your decision and we will not be liable for any losses or damages in connection with the Information.

 

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