SBA Express Disaster Bridge Loan for up to $25,000
Posted On April 24, 2020|Last Updated June 24, 2020
- Who’s eligible: Any of the following who have a business relationship with an SBA Express Lender: small businesses, nonprofits, veterans organizations, tribal businesses, ESOPs and cooperatives with less than 500 employees, sole proprietorships, self-employed individuals, and independent contractors.
- What it is: If you have an existing relationship with a Small Business Administration Express Lender, you can apply to become a part of the Express Bridge Loan Pilot Program. You can quickly access up to $25,000 to overcome temporary loss of revenue while you apply for a direct SBA Economic Injury Disaster loan (EIDL).
- Take action: Read the information and follow the instructions in the SBA Express Bridge Loan Pilot Program Guide.
- From: U.S. Small Business Administration, Federal Government