SBA COVID-19 Economic Disaster Loans & Programs

Notice: The Small Business Administration (SBA) continues to refine their online resources for COVID-19 Relief Options. This page has been updated as of Thursday, December 9th, 2021, to bring you the most current and accurate information about these federal economic disaster assistance programs and their requirements. It is provided to our community as a local resource of consolidated information available elsewhere on federal government websites and we will strive to keep it as up-to-date as possible pending any additional changes by the federal government.

On this page:

Paycheck Protection Program

The Paycheck Protection Program (PPP), a loan designed to provide a direct incentive for small businesses to keep their workers on payroll, ended on May 31st, 2021. Borrowers may be eligible PPP loan forgiveness.

SBA also offers additional COVID-19 relief.

Paycheck Protection Program Loan Information

• First Draw PPP Loans

If you have not received a PPP loan before, First Draw PPP Loans may be available to you.

Notice: PPP ended May 31, 2021

The Paycheck Protection Program (PPP), a loan designed to provide a direct incentive for small businesses to keep their workers on payroll, ended on May 31st, 2021. Borrowers may be eligible PPP loan forgiveness.

SBA also offers additional COVID-19 relief.

Loan Details

PPP is a loan designed to provide a direct incentive for small businesses to keep their workers on payroll. First Draw PPP Loans can be used to help fund payroll costs, including benefits, and may also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations.

SBA will forgive loans if all employee retention criteria are met, and the funds are used for eligible expenses.

  • PPP loans have an interest rate of 1%.
  • Loans issued prior to June 5, 2020 have a maturity of two years. Loans issued after June 5, 2020 have a maturity of five years.
  • Loan payments will be deferred for borrowers who apply for loan forgiveness until SBA remits the borrower’s loan forgiveness amount to the lender. If a borrower does not apply for loan forgiveness, payments are deferred 10 months after the end of the covered period for the borrower’s loan forgiveness (either 8 weeks or 24 weeks).
  • No collateral or personal guarantees are required.
  • Neither the government nor lenders will charge small businesses any fees.

Who May Qualify

The following entities affected by Coronavirus (COVID-19) may be eligible:

  • Sole proprietors, independent contractors, and self-employed persons
  • Any small business concern that meets SBA’s size standards (either the industry size standard or the alternative size standard)
  • Any business, 501(c)(3) non-profit organization, 501(c)(19) veterans organization, or tribal business concern (sec. 31(b)(2)(C) of the Small Business Act) with the greater of:
    • 500 employees, or
    • That meets the SBA industry size standard if more than 500
  • Any business with a NAICS code that begins with 72 (Accommodations and Food Services) that has more than one physical location and employs less than 500 per location

How and When to Apply

All new First Draw PPP Loans will have the same terms regardless of lender or borrower.

If you wish to begin preparing your application, you can download the following PPP borrower application form to see the information that will be requested from you when you apply with a lender:

Supplemental Materials

Affiliation Rules

Reapplying and Loan Increases

Existing PPP borrowers that did not receive loan forgiveness by December 27, 2020 may:

  • Reapply for a First Draw PPP Loan if they previously returned some or all of their First Draw PPP Loan funds, or
  • Under certain circumstances, request to modify their First Draw PPP Loan amount if they previously did not accept the full amount for which they are eligible

Existing Borrowers

Lenders typically decide when to submit individual PPP loan applications to SBA. Therefore, any questions or concerns regarding individual PPP loan applications must be directed to your lender.

For borrowers who have had their application submitted to SBA by their lender, you can create an account in the SBA Capital Access Financial System (or CAFS) to monitor their loan status. Get account enrollment instructions.

If you are unsure about your PPP loan status, or if your PPP loan application has been flagged due to data anomalies, please contact your lender to get more information.

• Second Draw PPP Loans

If you have previously received a PPP loan, certain businesses are eligible for a Second Draw PPP Loan.

Notice: PPP ended May 31, 2021

The Paycheck Protection Program (PPP), a loan designed to provide a direct incentive for small businesses to keep their workers on payroll, ended on May 31st, 2021. Borrowers may be eligible PPP loan forgiveness.

SBA also offers additional COVID-19 relief.

Loan Details

PPP now allows certain eligible borrowers that previously received a PPP loan to apply for a Second Draw PPP Loan with the same general loan terms as their First Draw PPP Loan.

Second Draw PPP Loans can be used to help fund payroll costs, including benefits. Funds can also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations.

Maximum Loan Amount and Increased assistance for Accommodation and Food Services Businesses

For most borrowers, the maximum loan amount of a Second Draw PPP Loan is 2.5x average monthly 2019 or 2020 payroll costs up to $2 million. For borrowers in the Accommodation and Food Services sector (use NAICS 72 to confirm), the maximum loan amount for a Second Draw PPP Loan is 3.5x average monthly 2019 or 2020 payroll costs up to $2 million.

Who May Qualify

A borrower is generally eligible for a Second Draw PPP Loan if the borrower:

  • Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses
  • Has no more than 300 employees; and
  • Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020

How and When to Apply

All Second Draw PPP Loans will have the same terms regardless of lender or borrower.

If you wish to begin preparing your application, you can download the following PPP borrower application form to see the information that will be requested from you when you apply with a lender:

Supplemental Materials

Affiliation Rules

Existing Borrowers

Lenders typically decide when to submit individual PPP loan applications to SBA. Therefore, any questions or concerns regarding individual PPP loan applications must be directed to your lender.

For borrowers who have had their application submitted to SBA by their lender, you can create an account in the SBA Capital Access Financial System (or CAFS) to monitor their loan status. Get account enrollment instructions.

If you are unsure about your PPP loan status, or if your PPP loan application has been flagged due to data anomalies, please contact your lender to get more information.

• Loan Forgiveness

Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness.

First Draw PPP Loan Forgiveness Terms

First Draw PPP Loans made to eligible borrowers qualify for full loan forgiveness if during the 8- to 24-week covered period following loan disbursement:

  • Employee and compensation levels are maintained
  • The loan proceeds are spent on payroll costs and other eligible expenses; and
  • At least 60% of the proceeds are spent on payroll costs

Second Draw PPP Loan Forgiveness Terms

Second Draw PPP Loans made to eligible borrowers qualify for full loan forgiveness if during the 8- to 24-week covered period following loan disbursement:

  • Employee and compensation levels are maintained in the same manner as required for the First Draw PPP loan
  • The loan proceeds are spent on payroll costs and other eligible expenses; and
  • At least 60% of the proceeds are spent on payroll costs

How and When to Apply for Loan Forgiveness

A borrower can apply for forgiveness once all loan proceeds for which the borrower is requesting forgiveness have been used. Borrowers can apply for forgiveness any time up to the maturity date of the loan. If borrowers do not apply for forgiveness within 10 months after the last day of the covered period, then PPP loan payments are no longer deferred, and borrowers will begin making loan payments to their PPP lender.

To apply for loan forgiveness:

  1. Determine if your lender is participating in direct forgiveness through SBA and complete the correct form:
    Review the list of lenders participating in direct forgiveness to determine whether you must apply via SBA.

    • For borrowers whose lender is participating in direct forgiveness, you can use our portal to apply after August 4, 2021. Direct forgiveness borrowers must use the SBA forgiveness portal. The questions you will be asked in the portal correspond to those asked on SBA form 3508S.
    • For borrowers whose lender is not participating, you must apply through your lender. Your lender can provide you with either the SBA Form 3508, SBA Form 3508EZ, SBA Form 3508S, or a lender equivalent. Your lender can provide further guidance on how to submit the application.

  2. Compile your documentation:
    SBA Form 3508S does not require borrowers to provide additional documentation to show the calculations used to determine their loan forgiveness amount. However, SBA may request information and documents to review those calculations as part of the loan review or audit processes.
    Payroll (provide documentation for all payroll periods that overlapped with the Covered Period):

    • Bank account statements or third-party payroll service provider reports documenting the amount of cash compensation paid to employees
    • Tax forms (or equivalent third-party payroll service provider reports) for the periods that overlap with the Covered Period:
      • Payroll tax filings reported, or that will be reported, to the IRS (typically, Form 941); and
      • State quarterly business and individual employee wage reporting and unemployment insurance tax filings reported, or that will be reported, to the relevant state
    • Payment receipts, cancelled checks, or account statements documenting the amount of any employer contributions to employee health insurance and retirement plans that the borrower included in the forgiveness amount
    • Do not include the following when calculating eligible payroll costs for loan forgiveness:

    Non-payroll (for expenses that were incurred or paid during the Covered Period and showing that obligations or services existed prior to February 15, 2020 for the first three listed obligations/services):

    • Business mortgage interest payments: Copy of lender amortization schedule and receipts verifying payments, or lender account statements
    • Business rent or lease payments: Copy of current lease agreement and receipts or cancelled checks verifying eligible payments
    • Business utility payments: Copies of invoices and receipts, cancelled checks or account statements
    • Covered operations expenditures: Copy of invoices, orders or purchase orders paid, and receipts, cancelled checks or account statements verifying eligible payments
    • Covered property damage costs: Copy of invoices, orders or purchase orders paid, and receipts, cancelled checks or account statements verifying eligible payments, and verification that costs were related to uninsured property damage due to public disturbance vandalism or looting that occurred in 2020
    • Covered supplier costs: Copy of contracts, orders or purchase orders in effect at any time before the Covered Period (except for perishable goods), and copy of invoices, orders or purchase orders paid, and receipts, cancelled checks or account statements verifying eligible payments
    • Covered worker protection expenditures: Copy of invoices, orders or purchase orders paid, and receipts, cancelled checks or account statements verifying eligible payments, and verification that expenditures were used to comply with COVID-19 guidance

    This list of documents is not all-inclusive.

  3. Submit the forgiveness form and documentation to SBA or your PPP lender:

    Depending on whether your lender is participating in direct forgiveness, complete your loan forgiveness application and submit it via the SBA direct forgiveness portal or via your lender with the re­quired supporting documents. Your lender may follow up to request additional documentation.

  4. Continue to monitor your application for forgiveness:

    If SBA undertakes a loan review of your loan, SBA or your lender will notify you of the review and the SBA loan review decision. You have the right to appeal certain SBA loan review decisions. Your lender is responsible for notifying you of the forgiveness amount paid by SBA and the date on which your first payment will be due, if applicable.

    Borrowers who need assistance with direct forgiveness can contact SBA at our dedicated forgiveness call center: 877-552-2692. The call center is open Monday–Friday, 8AM-8PM ET. The call center can only assist direct forgiveness applicants. All other borrowers should contact their PPP lender. Direct forgiveness borrowers can also consult our direct forgiveness knowledgebase for frequently asked questions.

Forgiveness Forms and Instructions

• Get Help With Your PPP Loan

SBA offers free counseling and training events to help you with the Paycheck Protection Program (PPP).

Speak With a Counselor

SBA has 68 District Offices around the country that provide guidance and assistance to small businesses in their area. We also work with a number of local organizations to counsel, mentor, and train small businesses through our official Resource Partners: SCORE mentors, Women’s Business Centers, Small Business Development Centers, and Veterans Business Outreach Centers.

Use SBA’s Local Assistance Directory to locate the SBA District Office or Resource Partner service location nearest you.

Search Nearby…

Check Your Loan Status

Lenders typically decide when to submit individual PPP loan applications to SBA. Therefore, any questions or concerns regarding individual PPP loan applications must be directed to your lender.

Borrowers who have had their application submitted to SBA by their lender can create an account in the SBA Capital Access Financial System (or CAFS) to monitor their loan status. Get account enrollment instructions.

If you are unsure about your PPP loan status, or if your PPP loan application has been flagged due to data anomalies, please contact your lender to get more information.

PPP Webinar Series Presented by SBA and Public Private Strategies Institute

SBA hosted a series of webinars with Public Private Strategies Institute in March, covering:

  • Additional changes and recent policy announcements made by Biden-Harris Administration
  • Have your questions answered by SBA leadership

Missed an event? Watch a replay:

Cosponsorship Authorization # 21-0501-14: SBA’s participation in this cosponsored activity is not an endorsement of the views, opinions, products, or services of any cosponsor or other person or entity. All SBA programs and services are extended to the public on a nondiscriminatory basis.

Stay in Touch with SBA

For all the latest updates about PPP, you can sign up to receive email updates or follow SBA on social media.

See also: Learn more about the PPP on the SBA website, here…

List of Cuero-Area Lenders

Note: This information is provided for convenience only and may be incomplete or amended at any time. Please contact the individual lender for full details about PPP lending availability and terms.

  • Cuero National Bank
    361-277-3100
    Call for more information.
  • Prosperity Bank
    361-564-2291
    PPP offered to current members. Call for more information and to request an email packet.
  • TDECU
    Erika Plummer, Member Center Manager
    D: 361-580-9748, T: 800-839-1154 ext 9748
    eplummer@tdecu.org
    PPP offered to current members and non-members. Also offering two months of loan extensions to anyone that has a current loan with them, low interest rates, and assistance loans up to $4,000. Call for more information.
  • TrustTexas Bank
    361-275-2345
    PPP offered to current members. Call for more information.
  • Wells Fargo Bank
    PPP offered to current members only with well-established business account in place before February 1, 2020. Visit their PPP info page.

COVID-19 Economic Injury Disaster Loan

Notice: COVID EIDL Deadline Approaching

COVID-19 Economic Injury Disaster Loan applications will be accepted until December 31, 2021. SBA will continue processing applications after the deadline, including reconsiderations. SBA are unable to accept new applications after the deadline.

Targeted EIDL Advance applications will be accepted until December 31, 2021. SBA will continue processing applications after the deadline, including reconsiderations. SBA cannot accept new applications after the deadline.

Supplemental Targeted Advance applications will not be accepted or processed after December 31, 2021, including reconsiderations. SBA strongly encourage eligible small businesses to apply as soon as possible, but no later than December 10, 2021.
  • SBA will accept and review reconsideration and appeal requests for COVID EIDL applications received on or before December 31 if the reconsideration/appeal is received within the timeframes in the regulation. This means six months from the date of decline for reconsiderations and 30 days from the date of reconsideration decline for appeals — unless funding is no longer available.
  • Borrowers can request increases up to their maximum eligible loan amount for up to two years after their loan origination date, or until the funds are exhausted, whichever is soonest.

Overview

This loan provides economic relief to small businesses and nonprofit organizations that are currently experiencing a temporary loss of revenue.

Loan Details

Start the Application Process Here…

In response to COVID-19, small business owners, including agricultural businesses, and nonprofit organizations in all U.S. states, Washington D.C., and territories can apply for the COVID-19 Economic Injury Disaster Loan (EIDL).

FAQ about COVID-19 EIDL Loans (effective 2021-09-08)

Product

Loan directly from SBA that must be repaid. Low-interest, fixed-rate, long-term loan to help overcome the effects of the pandemic by providing working capital to meet operating expenses

Use of Proceeds

Working capital to make regular payments for operating expenses, including payroll, rent/mortgage, utilities, and other ordinary business expenses, and to pay business debt incurred at any time (past present or future).

Maximum Loan Amount

$2 million. Note: SBA will begin approving loans greater than $500,000 on October 8, 2021

Loan Term

30 years

Interest Rate

  • Businesses 3.75% fixed)
  • Private nonprofits: 2.75% fixed

Payment Deferment

Payments are deferred for the first 2 years (during which interest will accrue), and payments of principal and interest are made over the remaining 28 years. No penalty for prepayment.

Fees

  • For loans $25,000 or less: No fees if applying directly through SBA
  • For loans greater than $25,000: One-time $100 fee for filing a lien on borrower’s business assets plus costs to file lien on real estate when applicable
  • For loans greater than $500,000 where SBA is taking real estate as collateral: One-time $100 fee for filing a lien on borrower’s business assets. Additionally, the borrower will be responsible for recording the real estate lien and paying the associated fees.

Collateral

  • Required for loans over $25,000

Personal Guaranty

  • Required for loans over $200,000

Apply for a Loan

Apply for an Increase

Program Updates

As of September 8, 2021, new COVID EIDL policy changes have taken effect that entail the below updates to the program:

  • Maximum loan cap increased from $500,000 to $2 million
  • Use of funds was expanded to include payment and pre-payment of business non-federal debt incurred at any time (past or future) and payment of federal debt
  • Extend the deferment period to 24 months from origination for all loans (existing loans with a less than 24-month deferment will be adjusted)
  • Affiliation requirements simplified to an affiliate is a business that you control or in which you have 50% of more ownership
  • Developed additional path to meet program size standards for businesses assigned a NAICS code beginning with 61, 71, 72, 213, 3121, 315, 448, 451, 481, 485, 487, 511, 512, 515, 532, or 812
  • Exclusivity Period: From September 8, 2021 to October 8, 2021, the above policy changes will be applicable to applications for <$500K while applications for >$500K will not be approved and therefore receive the policy changes until October 8, 2021
  • See more details on the COVID-19 September 8, 2021 Policy Changes.

Application Process

For any stage of application, please review the below supporting documents to navigate the application process:

New COVID-EIDL Loan

If the small business is a first-time COVID EIDL applicant, complete the following steps to apply:

  1. Confirm eligibility (review FAQs and below Loan Eligibility section)
  2. Complete Intake Form
  3. Sign up to create portal username via SBA email invite
  4. Complete portal steps and submit relevant documents
  5. Respond to SBA requests for signature, confirmation, and documents

The average SBA decision timeline for $500,000 or under is several weeks.

COVID-EIDL Increased Loan Request

If the small business has already obtained a loan via COVID EIDL before, complete the following steps to apply for a loan increase:

  1. Confirm eligibility (review FAQs and below Loan Eligibility section)
  2. Log onto Account on SBA Portal (do not apply for another loan) to submit loan modification
  3. Complete portal steps and submit relevant documents
  4. Respond to SBA requests for signature, confirmation, and documents

The average SBA decision timeline for $500,000 or under loans is several weeks.

Loan Greater Than $500K to $2 Million

  • For loans above $500K, you must include all additional documents for your application to be submitted (see list of required documents below).
  • For loans greater than $500,000, applications will not be approved until after the exclusivity period ends on October 8, 2021, but applications can be submitted before then. Applicants can choose to apply for $500,000 or under immediately and then for over $500,000 funds after the exclusivity period ends, or they can choose to apply immediately for all desired funds above $500,000 and have their application wait for approval starting October 8, 2021.

The average SBA decision timeline for greater than $500,000 loans is one and a half month.

Required Documents

Loan Eligibility

To obtain a loan via COVID EIDL, small business owners must meet the eligibility requirements outlined in Section 2 of the FAQs.

Additionally, below are the credit score requirements:

  • $500,000 or under: 570
  • greater than $500,000: 625

Small businesses must qualify for a certain loan amount by completing the economic injury formula which takes into account two years’ worth of revenue and cost of goods sold to produce an eligible loan amount. Review Section 2 of the FAQs and Intake application form checklist for more details

IRS Tax Authorization Form 4506-T for COVID EIDL

Applicants are required to submit a signed and dated IRS Form 4506-T for COVID EIDLT authorizing the IRS to release business tax transcripts for SBA to verify their revenue.

If you have previously submitted a Form 4506-T for an SBA loan or grant, you are still required to submit a new version for your COVID EIDL loan or loan increase.

Form 4506-T is only valid for 120 days. If the form in your file is nearing expiration, your loan officer may request a new one.

To avoid problems, please review these tips for preparing your IRS Tax Authorization Form 4506-T.

Supplemental Materials

Existing Borrowers

Existing borrowers can create an account in the SBA Capital Access Financial System (CAFS) to monitor their loan status. Get account enrollment instructions.

Beware of Fraud and ID Theft

Supporting resources

Contact SBA

For help with EIDL, call 833-853-5638 (TTY: 855-440-4960) or email disastercustomerservice@sba.gov. For help with Targeted EIDL Advance, email TargetedAdvance@sba.gov. The COVID-19 EIDL Customer Service Center is open 8:00 am to 8:00 p.m. ET, seven days a week.

Virtual Office Hours

SBA will host virtual office hours to provide information about the EIDL program. Use the link below to log in at the designated time.

Targeted EIDL Advance and Supplemental Advance

Notice: COVID EIDL Deadline Approaching

For the hardest hit businesses and private nonprofits, funds that do not need to be repaid.

Program Overview

Applicants for the COVID-19 Economic Injury Disaster Loan (EIDL) may be eligible to receive up to $15,000 in funding from SBA that does not need to be repaid. These “advances” are similar to a grant, but without the typical requirements that come with a U.S. government grant.

To receive an advance, you must first apply for a COVID-19 Economic Injury Disaster Loan. You do not need to accept the loan or be approved for the loan to receive an advance. Once you apply for the loan, SBA will invite you via email to apply for one of the advance programs if your business is located in a low-income area (see below for more detail).

Before you apply, please check the map to ensure you are in a low-income area and review the eligibility criteria below.

Please do not submit duplicate COVID-19 EIDL applications. If you have already applied or cannot find your invitation email, instructions on how to have your application updated or reevaluated are below.

Start the application process, here…

Targeted EIDL Advance

The Targeted EIDL Advance provides funds of up to $10,000 to applicants who::

  • Are located in a low-income community. To help applicants determine if they are located in a low-income community as defined in section 45D(e) of the Internal Revenue Code, a mapping tool (https://sbaeidl.policymap.com/app) is available. Note that the business address must be located in a low-income community in order to qualify so SBA encourages potential applicants to check the map to see if they meet the low-income community eligibility requirement before they apply; and
  • Can demonstrate more than 30% reduction in revenue uring an 8-week period beginning on March 2, 2020, or later. If an applicant meets the low-income community criteria, they will be asked to provide gross monthly revenue (all forms of combined monthly earnings received, such as profits or salaries) to confirm the 30% reduction.
  • Have 300 or fewer employees.

Business entities normally eligible for the EIDL program are eligible, including sole proprietors, independent contractors, and private, nonprofit organizations. Agricultural enterprises are not eligible.

All communication from SBA will be sent from an official government email account ending with @sba.gov. Please do not send sensitive information via email to any address that does not end with @sba.gov.

Supplemental Materials

Supplemental Targeted Advance

Notice: COVID EIDL Deadline Approaching

The Supplemental Targeted Advance provides supplemental payment of $5,000 that does not have to be repaid. Even if you have previously received the original EIDL Advance in the full amount of $10,000, you may be eligible for the Supplemental Targeted Advance if you meet eligibility criteria. The combined amount of the Supplemental Targeted Advance ($5,000) with any previously received EIDL Advance or Targeted EIDL Advance ($10,000) will not exceed $15,000.

Completing the Targeted EIDL Advance application is a requirement to be considered for the Supplemental Targeted Advance.

Before applying, make sure your small business meets all the following eligibility criteria:

  • Is located in a low-income community. Use this mapping tool to see if your business is in a low-income community as defined in section 45D(e) of the Internal Revenue Code. The business address must be in a low-income community to qualify, so SBA encourages you to check the map before you apply; and
  • Can prove more than a 50% economic loss during an eight-week period beginning on March 2, 2020, or later, compared to the same period of the previous year. Applicants need to provide gross monthly revenue (all forms of combined monthly earnings received, such as profits or salaries) from January 2019 to the current month-to-date; and
  • Had 10 or fewer employees.

Supplemental Targeted Advances are available to sole proprietors, independent contractors, private nonprofit organizations, and others that usually qualify for the EIDL program and meet the above criteria. However, agricultural businesses, such as farmers and ranchers, are not eligible for the Supplemental Targeted Advance. Farmers and ranchers may still apply for loan assistance through the COVID-19 EIDL program.

All application decisions or requests for additional information will be sent from an official government email account ending with @sba.gov. Do not send sensitive information via email to any address that does not end with @sba.gov.

Supplemental Materials

Advance Funds Returned By Banks

When a bank returns Targeted EIDL Advance or Supplemental Targeted Advance funds to SBA, the funds cannot be immediately re-disbursed. SBA is working to mitigate this issue. Additionally, we are providing the following information to help answer questions about returned funds:

  • My business was approved for a Targeted EIDL Advance (or Supplemental Targeted Advance) and I was informed that funds had been sent to my bank. However, the money never showed up in my account and my bank says it returned the funds to SBA. Since you have determined my business is qualified, how can I get those funds?
    We are working on an update to our system that will enable us to re-disburse those funds as soon as possible. If you have not already done so, please send an email with a photo ID front and back and a check with the word “void” written across it. Please start the subject line of your email with your application number and send to: COVIDAdvanceBankReturns@sba.gov
  • Will I lose my place in line and have my funds given to another business?
    No. If the original disbursement was returned by the bank, be assured the funds were obligated for you and will remain available, even if the issue is not resolved immediately.
  • How long will I have to wait?
    We don’t have a specific time frame, but we are working diligently to resolve the issue quickly.
  • How will I know the matter has been resolved?
    Businesses awaiting re-disbursement will be notified when the funds are re-disbursed.
  • Why would the bank return the funds instead of putting them into my account?
    Some common reasons funds are returned is that the account is closed, the applicant provided an incorrect routing or account number, the name or EIN number on SBA’s deposit does not match the name or EIN number on the bank account, or the account is a personal account rather than a business account. You will need to contact your bank to learn the reason specific to your case.
  • What does SBA do when funds are returned to us?
    Our staff examines every case where funds are returned and contacts the applicant to request any additional information or documentation needed to overcome the reason for the return. Additional documentation includes but is not limited to a copy of the applicant’s photo identification and voided check for the correct account. Once we have the information needed to clear the issue, we take the necessary actions.

Information for Applicants

To check the status of an existing application, you can log in to your COVID-19 EIDL applicant portal where you find information about your application status.

If you cannot find your invitation email, you can contact SBA’s Disaster Customer Service Center at 1-800-659-2955 or by email at TargetedAdvance@sba.gov to request a new invite. Please note that this process may take several business days.

Applicants seeking reevaluation of a declined application for a Targeted EIDL Advance or a Supplemental Targeted Advance should send an email to TargetedAdvanceReevaluation@sba.gov.

For additional detailed information, review the Targeted Advance and Supplemental Targeted Advance FAQs.

EIDL Advance: (No Longer Available)

EIDL Advance funds were originally calculated based on the number of employees indicated on an applicant’s COVID-19 EIDL application: $1,000/employee, up to a maximum of $10,000.

  • The EIDL Advance does not have to be repaid.
  • Recipients did not have to be approved for an EIDL loan in order to receive the EIDL Advance
  • The amount of the loan advance was deducted from total loan eligibility.
  • Businesses who received an EIDL Advance in addition to the Paycheck Protection Program (PPP) loan will have the amount of the EIDL Advance subtracted from the forgiveness amount of their PPP loan.

If you already applied for PPP loan forgiveness and had the amount of your EIDL Advance subtracted from the forgiveness amount, guidance has been published soon.

EIDL loan applications are still being processed, even though applications for the Advance are no longer available.

Please do not submit additional applications on the COVID-19 EIDL portal.

Existing Borrowers

Existing borrowers can create an account in the SBA Capital Access Financial System (or CAFS) to monitor their loan status. Get account enrollment instructions.

Additional Program Information

Restaurant Revitalization Fund

Overview

This program provides emergency assistance for eligible restaurants, bars, and other qualifying businesses impacted by COVID-19.

Applications are now closed.

Program Details

The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.

Sign up to receive email alerts from SBA as additional information about the Restaurant Revitalization Fund becomes available.

Supplemental Documents

Get Help With Your Application

Federal guidelines require that we provide the same and equal information to each applicant. Therefore, SBA staff are limited on responses we can provide to applicants, including specific questions regarding RRF eligibility, potential award amount, and other detailed information. Some key information to know:

  • For detailed information about how to calculate your award amount, please consult page 7-9 of the RRF program guide.
  • The IRS 4506T form is signed with your application during the e-sign process. You do not need to submit an additional 4506T.
  • If you are entering a state in the address section(s) use the abbreviation in capital letters. For example, PA, TX, ME, WA, etc.

For assistance preparing your application, you can access the following:

You can also watch a previously recorded webinar training to help you prepare:

For assistance with your submitted application:

  • Submit a message using the application platform inbox (preferred)
  • Call center support: 844-279-8898

Who Can Apply

Eligible entities include:

  • Restaurants
  • Food stands, food trucks, food carts
  • Caterers
  • Bars, saloons, lounges, taverns
  • Snack and nonalcoholic beverage bars
  • Bakeries (onsite sales to the public comprise at least 33% of gross receipts)
  • Brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts)
  • Breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts)
  • Wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts)
  • Inns (onsite sales of food and beverage to the public comprise at least 33% of gross receipts)
  • Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products

Cross-program eligibility on SBA Coronavirus Relief Options

How To Apply

You can apply through SBA-recognized Point of Sale (POS) vendors or directly via SBA in the online application portal:. Participating POS providers include Square, Toast, Clover, NCR Corporation (Aloha), and Oracle. If you are working with Square or Toast, you do not need to register beforehand on the application portal.

Registration with SAM.gov is not required. DUNS or CAGE identifiers are also not required.

If you would like to prepare your application, view the SBA form 3172 sample application. You will be able to complete this form online. Please do not submit RRF forms to SBA at this time.

Additional documentation required:

  • Verification for Tax Information: IRS Form 4506-T, completed and signed by Applicant. Completion of this form digitally on the SBA platform will satisfy this requirement.
  • Gross Receipts Documentation: Any of the following documents demonstrating gross receipts and, if applicable, eligible expenses
    • Business tax returns (IRS Form 1120 or IRS 1120-S)
    • IRS Forms 1040 Schedule C; IRS Forms 1040 Schedule F
    • For a partnership: partnership’s IRS Form 1065 (including K-1s)
    • Bank statements
    • Externally or internally prepared financial statements such as Income Statements or Profit and Loss Statements
    • Point of sale report(s), including IRS Form 1099-K

For applicants that are a brewpub, tasting room, taproom, brewery, winery, distillery, or bakery:

  • Documents evidencing that onsite sales to the public comprise at least 33.00% of gross receipts for 2019, which may include Tax and Trade Bureau (TTB) Forms 5130.9 or TTB.
  • For businesses who opened in 2020, the Applicant’s original business model should have contemplated at least 33.00% of gross receipts in onsite sales to the public.

For applicants that are an inn:

  • Documents evidencing that onsite sales of food and beverage to the public comprise at least 33.00% of gross receipts for 2019.
  • For businesses who opened in 2020, the Applicant’s original business model should have contemplated at least 33.00% of gross receipts in onsite sales to the public.

When To Apply

Applications are now closed.

Priority period | Days 1 through 21:
SBA will accept applications from all eligible applicants, but only process and fund priority group applications. See “Priority groups” below.

During this period, SBA will fund applications where the applicant has self-certified that it meets the eligibility requirements for a small business owned by women, veterans, or socially and economically disadvantaged individuals.

See “Set asides” below.

Open to all applicants | Days 22 through funds exhaustion:
SBA will accept applications from all eligible applicants and process applications in the order in which they are approved by SBA.

Priority Groups

  • A small business concern that is at least 51% owned by one or more individuals who are:
    • Women, or
    • Veterans, or
    • Socially and economically disadvantaged (see below).
  • Applicants must self-certify on the application that they meet eligibility requirements
  • Socially disadvantaged individuals are those who have been subjected to racial or ethnic prejudice or cultural bias because of their identity as a member of a group without regard to their individual qualities.
  • Economically disadvantaged individuals are those socially disadvantaged individuals whose ability to compete in the free enterprise system has been impaired due to diminished capital and credit opportunities as compared to others in the same business area who are not socially disadvantaged.

Set Asides

  1. $5 billion is set aside for applicants with 2019 gross receipts of not more than $500,000
  2. An additional $4 billion is set-aside for applicants with 2019 gross receipts from $500,001 to $1,500,000
  3. An additional $500 million is set-aside for applicants with 2019 gross receipts of not more than $50,000

*SBA reserves the right to reallocate these funds at the discretion of the Administrator.

Funding Amount

Payment Calculations

For detailed information about how to calculate your award amount, please consult page 7-9 of the RRF program guide.

Calculation 1: for applicants in operation prior to or on January 1, 2019:

  • 2019 gross receipts minus 2020 gross receipts minus PPP loan amounts

Calculation 2: for applicants that began operations partially through 2019:

  • (Average 2019 monthly gross receipts x 12) minus 2020 gross receipts minus PPP loan amounts

Calculation 3: for applicants that began operations on or between January 1, 2020 and March 10, 2021 and applicants not yet opened but have incurred eligible expenses:

  • Amount spent on eligible expenses between February 15, 2020 and March 11,2021 minus 2020 gross receipts minus PPP loan amounts

For those entities who began operations partially through 2019, you may elect (at your own discretion) to use either calculation 2 or calculation 3.

Maximum and Minimum Amounts

SBA may provide funding up to $5 million per location, not to exceed $10 million total for the applicant and any affiliated businesses. The minimum award is $1,000.

Gross Receipts

For the purposes of this program, gross receipts does not include:

  • Amounts received from Paycheck Protection Program (PPP) loans (First Draw or Second Draw)
  • Amounts received from Economic Injury Disaster Loans (EIDL)
  • Advances on EIDL (EIDL Advance and Targeted EIDL Advance)
  • State and local grants (via CARES Act or otherwise)
  • SBA Section 1112 payments

Allowable Use of Funds

Funds may be used for specific expenses including:

  • Business payroll costs (including sick leave)
  • Payments on any business mortgage obligation
  • Business rent payments (note: this does not include prepayment of rent)
  • Business debt service (both principal and interest; note: this does not include any prepayment of principal or interest)
  • Business utility payments
  • Business maintenance expenses
  • Construction of outdoor seating
  • Business supplies (including protective equipment and cleaning materials)
  • Business food and beverage expenses (including raw materials)
  • Covered supplier costs
  • Business operating expenses

What to Expect After You Have Applied

  • As outlined by Congress, SBA will review applications from priority applications groups first. Applicants who have submitted non-priority applications will remain in “Review” status while priority applications are processed during the first 21 days. We do not anticipate communicating with applicants in “Review” status during this period.
  • Following a successful application submission, all applications will enter “IRS verification” status. This process may take up to seven days and allows the SBA to validate your application submission.

Shuttered Venue Operators Grant

This grant provides emergency assistance for eligible venues affected by COVID-19.

Notice: SVOG is no longer accepting new applications

As of August 20, 2021, SVOG is no longer accepting new applications.

The SVOG portal remains open to all active applicants and awardees. Later in August, SBA will open the program for supplemental SVOGs for 50% of the original award amount, capped at a total of $10 million (initial and supplemental combined). Details will be announced at a later date.

Program Details

The Shuttered Venue Operators Grant (SVOG) program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, and amended by the American Rescue Plan Act. The program includes over $16 billion in grants to shuttered venues, to be administered by SBA’s Office of Disaster Assistance.

Eligible applicants may qualify for SVO Grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees.

Supplemental Documents for Applicants

Frequently Asked Questions: The list of FAQs answers common questions about the SVOG program, defines terms, and provides additional guidance. Please refer to and carefully review the FAQs for guidance as you complete the SVOG application.

Application Checklist: The Application Checklist is provided to assist you with gathering and preparing the necessary materials (documentation, information, and technology) needed for the SVOG application. Some of these items will be required, and some are examples of items that can be submitted as supporting evidence. The Application Checklist lists materials needed by all applicants as well as applicant-specific information. The application will direct you as you go through the application portal for your specific applicant type.

Applicant User Guide: The Applicant User Guide is a tool for technical assistance to guide applicants through the SVOG application portal with step-by-step instructions. Screenshots in the User Guide are for illustration purposes only. Content in the application portal will appear differently for different applicants.

SVOG-specific information about the IRS form 4506-T

Who Can Apply

Eligible entities include:

  • Live venue operators or promoters
  • Theatrical producers
  • Live performing arts organization operators
  • Museum operators
  • Motion picture theater operators (including owners)
  • Talent representatives

Other requirements of note:

  • Must have been in operation as of February 29, 2020
  • Venue or promoter who received a PPP loan on or after December 27, 2020, will have the SVOG reduced by the PPP loan amount

Grant Amount

Grant amounts will reflect either of the following instances:

  • For an eligible entity in operation on January 1, 2019, grants will be for an amount equal to 45% of their 2019 gross earned revenue or $10 million, whichever is less.
  • For an eligible entity that began operation after January 1, 2019, grants will be for the average monthly gross earned revenue for each full month you were in operation during 2019 multiplied by six (6) or $10 million, whichever is less.

How To Apply

Those who have suffered the greatest economic loss will be the first applications processed under the following schedule:

Note: On January 20, 2021, SBA updated the proposed plan for issuing grants during the first and second priority periods. To clarify, priority awardees will not need to satisfy the small employer set-aside. During the first 59 days of opening the SVOG, SBA will reserve no less than $2 billion of program funding for grants to entities that have no more than 50 employees.

First Priority | 1st 14 days of grant awards:
Entities that suffered a 90% or greater revenue loss between April 2020 through December 2020 due to the COVID-19 pandemic.

Second Priority | Next 14 days of grant awards:
Entities that suffered a 70% or greater revenue loss between April 2020 through December 2020 due to the COVID-19 pandemic.

Third Priority | Beginning 28 days after First & Second Priority Awards are made:
Entities that suffered a 25% or greater earned revenue loss between one quarter of 2019 and the corresponding quarter of 2020.

Supplemental Funding | Available after all Priority Periods have passed:
Recipients of First, Second, and Third Priority round awards who suffered a 70% or greater revenue loss for the most recent calendar quarter (as of April 1, 2021, or later)

Allowable Use of Funds

Funds may be used for specific expenses, which include:

  • Payroll costs
  • Rent payments
  • Utility payments
  • Scheduled mortgage payments (not including prepayment of principal)
  • Scheduled debt payments (not including prepayment of principal on any indebtedness incurred in the ordinary course of business prior to February 15, 2020)
  • Worker protection expenditures
  • Payments to independent contractors (not to exceed $100,000 in annual compensation for an individual employee of an independent contractor)
  • Other ordinary and necessary business expenses, including maintenance costs
  • Administrative costs (including fees and licensing)
  • State and local taxes and fees
  • Operating leases in effect as of February 15, 2020
  • Insurance payments
  • Advertising, production transportation, and capital expenditures related to producing a theatrical or live performing arts production. (May not be primary use of funds.)

Grantees may not use award funds to:

  • Buy real estate
  • Make payments on loans originated after February 15, 2020
  • Make investments or loans
  • Make contributions or other payments to, or on behalf of, political parties, political committees, or candidates for election
  • Any other use prohibited by the Administrator

Grantee Recordkeeping

Grantees will be required to maintain documentation demonstrating their compliance with the eligibility and other requirements of the SVOG program. They must retain employment records for four years following their receipt of a grant and retain all other records for three years.

Video Tutorials

Get Technical Support with the SVOG Portal

For Shuttered Venue Operators Grant application portal technical assistance such as a password reset, browser suggestions, or how to use the multi-factor authentication with an app and the QR code, applicants can call 1-800-659-2955 or, for the deaf and hard-of-hearing 1-800-877-8339 and follow the prompts to SVOG assistance. The call center is open from 7PM-10PM CT, 7 days a week.

What to Expect After You Have Applied

How to clear a “Do Not Pay“ hold on your application

Visit the U.S. Department of the Treasury’s Do Not Pay – Privacy Program, scroll down to “Data Correction Process,” find the row for the match source, and use the Contact Information on the corresponding row to clear any misinformation. The applicant will have 30 days to provide SBA with information that their name has been cleared from the match source. For more detail, see the Post-application FAQs.

Information for Awardees

SBA Debt Relief

SBA offers debt relief to existing SBA loan borrowers whose businesses have been impacted by COVID-19.

7(a), 504, and Microloans

Initial Debt Relief Assistance

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 Paycheck Protection Program loans). This debt relief to borrowers was originally dependent on the loan being fully disbursed prior to September 27, 2020, and does not apply to loans made under the Economic Injury Disaster Loan program.

These original provisions were amended on December 27, 2020, through the Economic Aid to Hard-Hit Small Businesses, Non-Profits and Venues Act (Economic Aid Act). The Economic Aid Act revised the eligibility criteria for assistance to include all 7(a), 504, and Microloans approved up to September 27, 2020, even if not fully disbursed. All other provisions for initial debt relief remained the same.

Borrowers need not apply for this assistance. SBA provides this assistance automatically as provided below:

  • For loans not on deferment, SBA will make monthly payments based on the next payment due on eligible loans for a total amount equivalent to no more than six months of installment payments.
  • For loans currently on deferment, SBA will begin making monthly payments with the first payment due after the deferment period ends for a total amount equivalent to no more than six months of installment payments.

SBA has notified 7(a), 504, and Microloan lenders that it will pay these borrower loan payments. Lenders are to report to SBA periodically on the amounts due once a loan is fully disbursed. Payments collected after March 27, 2020, may be applied to the outstanding loan balance or returned to the borrower at the borrower’s discretion.

Additional Debt Relief Assistance

The Economic Aid Act also authorized additional debt relief payments to 7(a), 504, and Microloan borrowers beyond the six-month period prescribed in the CARES Act. The level of assistance varies based on when the loan was approved and will begin on or after February 1, 2021. Please contact your lender for questions on the availability of this assistance for your SBA loan.

The initiatives described are limited to the level of available funding provided by Congress.

Disaster Home and Business Loans

Existing SBA disaster loans approved prior to 2020 in regular servicing status as of March 1, 2020, received an automatic deferment of principal and interest payments through December 31, 2020. This initial deferment period was subsequently extended through March 31, 2021. An additional 12-month deferment of principal and interest payments will be automatically granted to these borrowers. Borrowers will resume their regular payment schedule with the payment immediately preceding March 31, 2022, unless the borrower voluntarily continues to make payments while on deferment. It is important to note that the interest will continue to accrue on the outstanding balance of the loan throughout the duration of the deferment.

What does an “automatic deferral” mean to borrowers?

  • Interest will continue to accrue on the loan.
  • The automatic deferment will be reflected on the March 2021 monthly payment notice (SBA Form 1201);
  • Borrowers will not receive monthly payment notices (SBA Form 1201) during the deferment period;
  • Borrowers will be contacted via the SBA’s automated dialing system using the telephone number associated with the SBA loan approximately one month before the automatic deferment ends. This correspondence will serve as a reminder to borrowers of their upcoming Next Installment Due date in place of the monthly payment notice (SBA Form 1201);
  • Borrowers are strongly encouraged to create an account in SBA’s Capital Access Financial System (CAFS) to monitor their loan status. SBA provides instructions for borrowers on how to enroll in CAFs;
  • The deferment will not stop any established Preauthorized Debit (PAD) or recurring payment on the loan. Borrowers with an SBA established PAD will have to contact their SBA servicing center to stop recurring payments during the deferment period. Borrowers that have established a PAD through Pay.Gov or any other bill pay service are responsible for terminating recurring payments during the deferment period;
  • Borrowers preferring to continue making regular payments during the deferment period may continue remitting payments during the deferment period. SBA will apply those payments normally as if there was no deferment;
  • After the automatic deferment period ends, borrowers will be required to resume making regular principal and interest payments.
  • For SBA disaster home and business loans covered under the previous Procedural Notices authorizing automatic deferments, borrowers will be required to resume making regular principal and interest payments after the automatic deferment period ends March 31, 2022;
  • For eligible SBA disaster home and business loans approved in 2020, borrowers will be required to resume making regular principal and interest payments 12-months from their Next Installment Due Date pursuant to the terms of the Loan Authorization.
  • Upon request, SBA will evaluate borrower circumstances on a case-by-case basis to determine the nature and extent of further relief that may be appropriate for each situation.

If you have questions about your current loan and whether or not your loan is automatically deferred, please contact your loan servicing office directly using the following information:

  • Birmingham Disaster Loan Servicing Center:
    • Phone: 800-736-6048
    • Email: BirminghamDLSC@sba.gov
  • El Paso Disaster Loan Servicing Center:
    • Phone: 800-487-6019
    • Email: ElPasoDLSC@sba.gov

SBA Procedural Notice on additional deferments for existing and new SBA disaster loan borrowers

Cross-Program Eligibility on SBA COVID-19 Relief Options

A summary of the criteria to meet when considering different funding options.

Paycheck Protection Program Applicant

Shuttered Venue Operators Grant Applicant

COVID-19 EIDL Applicant

Restaurant Revitalization Fund Applicant

PPP recipient

First Draw PPP borrowers may be eligible to apply for Second Draw PPP loans

May apply for SVOG if received a PPP loan; if PPP loan received after Dec. 27, 2020, the PPP loan amount will be deducted from the SVOG. May not apply for PPP after receiving SVOG

May apply for EIDL and PPP, but cannot be used for the same purpose/costs

PPP loans received by the RRF applicant will affect the applicant’s funding calculation

Shuttered Venue Operators Grant recipient

May not apply for PPP loan after receiving SVOG

May be eligible to receive a supplemental SVOG award

May apply for EIDL and SVOG, but cannot be used for the same purpose/costs

Entities that have a pending application for or received a Shuttered Venue Operators Grant are not eligible to apply for RRF

COVID-19 EIDL recipient

May apply for PPP, but cannot be used for the same purpose/costs as EIDL

May apply for SVOG, but cannot be used for the same purpose/costs as EIDL

May apply for one EIDL, then submit applications to increase funds from that same loan

May apply for EIDL and RRF

RRF recipient

PPP loans received by the RRF applicant will affect the applicant’s funding calculation

Entities that have a pending application for or received an RRF are not eligible to apply for Shuttered Venue Operators Grants

May apply for EIDL and RRF

The same business cannot apply for RRF more than once

Area SBA District Offices

San Antonio District Office (75.8 miles from Cuero, Texas)

Lower Rio Grande Valley District Office – Corpus Christi Branch Office (94.6 miles from Cuero, Texas)

Houston District Office (113.5 miles from Cuero, Texas)