Paycheck Protection Program: Direct incentive for small businesses to keep their workers on payroll through a small business loan up to $10 million for payroll and other expenses.
Express Bridge Loan Pilot Program: Allows small businesses with current business relationships with an SBA Express Lender to access up to $25,000 with less paperwork.
Debt relief: SBA will pay the principal and interest of new 7(a) loans issued prior to September 27, 2020. SBA will also pay the principal and interest of current 7(a) loans for a period of six months.
State of Massachusetts: Emergency capital up to $75,000 to Massachusetts-based businesses impacted by COVID-19 with under 50 full- and part-time employees, including nonprofits.
State of Florida: Up to $50,000 per eligible small business. Loans of up to $100,000 may be made in special cases. Interest-free for the first year and 12% per annum thereafter.
State of Michigan:Grants up to $10,000 (less than 50 employees) and low-interest loans between $50,000 and $200,000 (less than 100 employees)
State of Connecticut: Qualifying business or nonprofit organizations can apply for a loan of up to $75,000 or three months of operating expenses (whichever is lesser).
State of Iowa: Offers grants ranging from $5,000 to $25,000, in addition to offering a deferral of sales and use or withholding taxes due, and waiver of penalty and interest to businesses with between 2 and 25 employees.
State of New Jersey: Announced a suite of programs to support small businesses including low-interest loans and grants to entrepreneurs.
City of New York: Zero-interest loans of up to $75,000 for businesses with less than 100 employees. 40% of payroll costs covered for businesses with less than 5 employees.