The SBA 7a program is a small-business loan program that helps businesses with start-ups, expansions, and other needs. The maximum loan amount available through the SBA 7a program is $5 million.
Small Business Administration
In the wake of COVID-19, The Economic Injury Disaster small business Loan program offers a solution for businesses in need. By providing accessible capital, it helps these companies recover from their coronavirus economic impacts quickly while also preserving jobs that were lost due to the pandemic’s effects.
Huge news for small businesses communities still recovering from the pandemic: SBA Administrator Isabel Guzman revealed major enhancements to the COVID-19 EIDL Economic Injury Disaster Loan program.
Members of the Congress passed the bipartisan legislation PPP Extension Act of 2021 to extend the Paycheck Protection Program deadline.
Receive up to $54,000 in COVID-19 Relief. The SBA through its procedural notice announced there would be no loan fees all new SBA 7(a) loans.