COVID-19 RELIEF PROGRAMS
The US Small Business Administration (SBA) has several pandemic relief programs available to Rhode Island businesses. We are available to help and can connect you to resources.
SBA Loan Programs
COVID-19 Economic Injury Disaster Loan
The COVID-19 Economic Injury Disaster Loan (EIDL) program is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue due to COVID-19.
The SBA is accepting new COVID-19 EIDL applications from all qualified small businesses, including agricultural businesses, and private nonprofit organizations. Apply Now
For EIDL applicants seeking EIDL Increases, please refer to the SBA's latest Frequently Asked Questions for COVID-19 Economic Injury Disaster Loan (EIDL)
SBA Debt Relief Program
The SBA debt relief program is available to existing borrowers and provides payments on certain SBA-backed loans, including 7(a), 504 and microloans, to help small businesses.
As a part of the CARES Act, SBA is authorized to pay six months of principal, interest, and any associated fees that borrowers owe for all 7(a), 504, and Microloans reported in regular servicing status, excluding PPP and EIDL loans.
Borrowers need not apply for this assistance. SBA provides this assistance automatically.