800-222-6047

Industry News & New Products

SBA loans available during COVID-19 pandemic

by Cameron Hanson | Mar 24, 2020

SBA Logo

The federal government has declared the COVID-19 pandemic a national disaster and is making funds available for small businesses to apply for low-interest, long-term loans through the Small Business Administration (SBA).

New details are emerging daily, but we wanted to pass this information along to you--our loyal customers and trusted business partners--as we, together, navigate this unprecedented national emergency.

According to the SBA, potential borrowers can apply for loans up to $2 million for physical damage, economic injury or general assistance. Applicants need to follow a three-step process and can determine eligibility by clicking here.

Download the Three_Step_Process_SBA_Disaster_Loans.pdf for more information. You can apply for a loan online at the SBA’s secure website at disasterloan.sba.gov/ela.

“We are determined to weather this storm, and like our customers, we will emerge stronger than ever,” Zip’s AW Direct President Paul Rottinghaus said. “That's why we are passing this information along to you. We’re in this together.”