Comprehensive Consulting Solutions for Small Businesses noticed that there is confusion around SBA loan options for small businesses impacted by the coronavirus. We wanted to provide resources to help small business owners determine what loan and grant options are available. We are not a loan advisor – please reach out to the resources listed, your banker, your CPA, or local chamber for more information on loans and related info.
SBA Loans and Debt Relief for Small Business Owners:
• Corona Virus Relief Options – SBA (PPP, EIDL + Emergency Advance, Bridge Loans, and Debt Relief)
• Paycheck Protection Program: This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program.
• Economic Injury Disaster Loan and Emergency Advance Option: This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.
• Express Bridge Loans: Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.
• Debt Relief: The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic.
Arkansas Small Business Technology Development Center:
• Coronavirus Tax Credits for Employers
• Cash in a Crisis: SBA Programs and Other Funding Options Webinar on 4/9
• Upcoming Live Webinars
• Webinar Playlist
Arkansas Department of Commerce:
• Will begin receiving applications for the Quick Action Loan Guaranty Program to address the immediate needs of businesses affected by the COVID-19 outbreak. The program will be administered by the Arkansas Economic Development Commission (AEDC) in partnership with Arkansas banks.
Miscellaneous Loan Resources:
• The Small Business Owner’s Guide to the CARES Act
• Free Money for Small Business: Two Loans You May Not Have To Repay–That You Should Apply For Now
• Resource Guide: Financial Tools, Aid for Businesses Hurt by COVID-19
• Homebase COVID-19 Resource Center
Grants for Small Businesses:
• Small Business Grants COVID-19 Relief: Where to Find Free Money in 2020
• 6 Free Government Grants to Start a Business
• 88 Small Business Grants
• Arkansas Women Owned Businesses – Apply for $5,000 Grants
• Private and Nonprofit SMB Loans and Grants
• Facebook Business Grants for Small Businesses in certain cities
• Verizon Small Business Recovery Fund
• Where can I find emergency financial resources to help with COVID-19 hardships? Lists resources in various states.
• Find Grants for Entrepreneurs, startups, artists, and more
• Arkansas Non-Profits Grants for COVID-19 Response
For more COVID-19 Resources, check out our blog posts:
• COVID-19 Resources for Small Businesses in Northwest Arkansas
• COVID-19 Resources
Please note: the resources listed above aren’t endorsements by us – they are provided only as information. We were not paid by or affiliated with any of the companies listed.
Comprehensive Consulting Solutions for Small Businesses is a management consulting firm located in Arkansas. We offer business consulting and coaching solutions for small businesses that are facing a challenge, need to overcome an obstacle, taking advantage of an opportunity, and more. We consult and coach clients on a variety of areas such as marketing, sales, operations, customer experience, retention, processes, recruiting, and more.
