Browse Ambrook’s collection of funding programs by Small Business Administration (SBA)

SBA Disaster Assistance Customer Service Center

Get help after a disaster with low-interest disaster loans.



- Businesses of all sizes
- Homeowners
- Renters
- Private nonprofit organizations
You must be located in a declared disaster area and meet other eligibility criteria depending on the type of loan.

A payment that must be returned to the provider following specified terms of repayment and interest rate.

Loan

Coronavirus

Fencing

Trade Relief

Trees

Weather

Wildfire

Drought

Flood

Hurricane

Tornado

Emergency

Physical disaster loan caps by borrower type:

- Businesses and most private nonprofit organizations: up to $2,000,000 to cover disaster losses not fully covered by insurance.
- Homeowners: up to $500,000 to repair or replace a primary residence.
- Homeowners and renters: up to $100,000 for personal property (such as clothing, furniture, cars, and appliances).

Real estate is the preferred collateral; loans of $200,000 or less will not require the business owner to pledge their primary residence as collateral if other assets of equal quality and value are available. Economic Injury Disaster Loans (EIDL) for working capital are available separately. Loans are tied to declared disaster areas.

Lender Match is a free online tool that connects small businesses with SBA-approved CDFIs and small lenders. Do not use if looking for Disaster loans. See this link: https://www.sba.gov/funding-programs/loans/lender-match.

SBA Answer Desk

The SBA works with lenders to provide loans to small businesses. The agency doesn’t lend money directly to small business owners. Instead, it sets guidelines for loans made by its partnering lenders, community development organizations, and micro-lending institutions. The SBA reduces risk for lenders and makes it easier for them to access capital. That makes it easier for small businesses to get loans.



SBA does not lend directly and does not decide your application — "You will be applying for your loan directly through a local lender," and "The lender will provide you with a full list of eligibility requirements for your loan." SBA sets the outer boundary; the lender, CDC or microlender sets the credit terms.

The general test, verbatim: "In general, eligibility is based on what a business does to receive its income, the character of its ownership, and where the business operates. Normally, businesses must meet SBA size standards, be able to repay, and have a sound business purpose. Even those with bad credit may qualify for startup funding."

7(a) loans — "To be eligible for 7(a) loan assistance, businesses must: Be an operating business. Operate for profit. Be located in the U.S. Be small under SBA size requirements. Not be a type of ineligible business. Not be able to obtain the desired credit on reasonable terms from non-federal, non-state, and non-local government sources. Be creditworthy and demonstrate a reasonable ability to repay the loan." That sixth test is a real gate: SBA credit must be unavailable to you elsewhere on reasonable terms.

504 loans — "To be eligible for a 504 loan, your business must: Be an operating business. Operate for profit. Be located in the U.S. Be small under SBA size requirements. Not be a type of ineligible business." Plus "falling within SBA size guidelines, having qualified management expertise, a feasible business plan, good character and the ability to repay the loan." And a hard exclusion: "Loans cannot be made to businesses engaged in nonprofit, passive, or speculative activities." Use is limited to fixed assets — not working capital or inventory, and not "speculation or investment in rental real estate."

Microloans — "To be eligible for a microloan, businesses must: Not be a type of ineligible business. Be an operating business. Operate for profit. Be located in the U.S. Be small under SBA size requirements." Certain not-for-profit childcare centers are also eligible. Proceeds "cannot be used to pay existing debts or to purchase real estate."

7(a) Working Capital Pilot adds an operating-history test: consider it if your business "Has at least one-year of operating history" and "Can produce timely and accurate financial statements, accounts receivable and accounts payable agings, and inventory reports."

What is not published here. SBA's "type of ineligible business" list is a separate document these pages only link to, and no farm- or agriculture-specific rule appears anywhere on the three program pages — so whether a particular farm operation qualifies is a question for your lender, CDC, or microlender, not something SBA answers on these pages. No acreage, commodity, income floor, or audience restriction applies. Nationwide (business must be US-located). Start with Lender Match (https://www.sba.gov/funding-programs/loans/lender-match) — not for disaster loans, which are a separate program.

Historically Underserved

SBA does not lend directly — "You will be applying for your loan directly through a local lender" — it guarantees loans made by banks, CDCs and nonprofit intermediaries. Three programs, three sets of terms:

7(a) loans (the main program: working capital, refinancing, machinery and equipment, furniture and fixtures, changes of ownership)
- "The maximum loan amount for a 7(a) loan is $5 million."
- Repayment: "Most 7(a) term loans are repaid with monthly payments of principal and interest from the cash flow of the business." Rates may be fixed or variable; on variable loans "the lender may require a different payment amount when the interest rate changes."
- The 7(a) Working Capital Pilot (monitored lines of credit) publishes its own terms: maximum loan amount $5,000,000; SBA guarantee "85% $150,000 or less / 75% if greater than $150,000"; "Maximum loan maturity 60 months"; and interest-rate caps of base rate +6.5% ($50,000 or less), +6.0% ($50,001–$250,000), +4.5% ($250,001–$350,000), +3.0% ($350,001 and greater). Requires at least one year of operating history.

504 loans (fixed assets only — buildings, land, long-life machinery; through Certified Development Companies)
- "The maximum loan amount for a 504 loan is $5.5 million."
- "Long-term, fixed rate financing"; rate is "Pegged to an increment above the current market rate for 10-year U.S. Treasury issues."
- Fees "Total[] approximately 3% of the debt, rate may be financed with the loan."
- Maturity: "10-, 20- and 25-year maturity terms are available."
- Cannot be used for working capital or inventory, or for speculation/rental real estate.

Microloans (through nonprofit intermediary lenders)
- "The microloan program provides loans up to $50,000... The average microloan is about $13,000."
- "Maximum repayment term allowed for an SBA microloan is seven years."
- "Interest rates vary depending on the intermediary lender — Generally, between 8%-13%."

Across the board. "SBA-guaranteed loans generally have rates and fees that are comparable to non-guaranteed loans," with "Lower down payments, flexible overhead requirements, and no collateral needed for some loans." For 7(a) you must "Not be able to obtain the desired credit on reasonable terms from non-federal, non-state, and non-local government sources" and must "Be creditworthy and demonstrate a reasonable ability to repay the loan." Businesses must be for-profit, US-based and small under SBA size standards. Exact rate, fees and collateral are set by your lender, not by SBA.

You can apply for a First Draw PPP Loan until March 31, 2021. SBA is currently accepting First Draw PPP loan applications from participating lenders. Lender Match can help connect you with a lender. You can also view all lenders near you on a map. 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.

An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.



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


Supplemental materials
- Frequently Asked Questions for Lenders and Borrowers (01-29-21)
- How to Calculate First Draw PPP Loan Amounts and What Documentation to Provide - by business type (01-17-21)
- Borrower’s Disclosure of Certain Controlling Interests (01-19-21)
- Frequently Asked Questions for Faith-Based Organizations Participating in the PPP and Economic Injury Disaster Loan Program
- PPP Myth vs. Fact
Affiliation rules
- Paycheck Protection Program Affiliation Rules
- Interim Final Rule for Applicable Affiliation Rules


Disaster Relief

The Paycheck Protection Program 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.


You could have applied for a Second Draw PPP Loan from January 13, 2021, until March 31, 2021.  Lender Match can help connect you with a lender. You can also view all lenders near you on a map. 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.

SBA PPP Direct Forgiveness Call Center

SBA, in consultation with the&#x2004;U.S. Treasury Department, reopened the Paycheck Protection Program (PPP) for First Draw PPP Loans the week of January 11, 2021. SBA began accepting applications for Second Draw PPP Loans on January 13, 2021.

[Lender Match](https://www.sba.gov/funding-programs/loans/lender-match) can help connect you with a lender. You can also [view all lenders near you on a map](https://www.sba.gov/paycheckprotection/find).

At least $25 billion is being set aside for Second Draw PPP Loans to eligible borrowers with a maximum of 10 employees or for loans of $250,000 or less to eligible borrowers in low or moderate income neighborhoods.



SBA, in consultation with the U.S. Treasury Department, reopened the Paycheck Protection Program (PPP) for First Draw PPP Loans the week of January 11, 2021. SBA began accepting applications for Second Draw PPP Loans on January 13, 2021.
Lender Match can help connect you with a lender. You can also view all lenders near you on a map.
At least $25 billion is being set aside for Second Draw PPP Loans to eligible borrowers with a maximum of 10 employees or for loans of $250,000 or less to eligible borrowers in low or moderate income neighborhoods.

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


Supplemental materials
- Frequently Asked Questions for Lenders and Borrowers (01-29-21)
- Second Draw PPP Loans: How to Calculate Revenue Reduction and Maximum Loan Amounts Including What Documentation to Provide (01-19-21)
- Frequently Asked Questions for Faith-Based Organizations Participating in the PPP and Economic Injury Disaster Loan Program
- PPP Myth vs. Fact
Affiliation rules
- Paycheck Protection Program Affiliation Rules
- Interim Final Rule for Applicable Affiliation Rules


Loan details
The Paycheck Protection Program (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.



List of Small Business Administration (SBA) Funding Opportunities