The $2 trillion CARES Act provides immediate relief to small businesses with existing SBA loans that were borrowed prior to the COVID-19 pandemic. Under this program, the SBA will cover all loan payments on these loans—including principal, interest and fees—for six months.

The Paycheck Protection Program (PPP) provides $659 billion of loan funds to support small businesses, nonprofit organizations, and other eligible entities impacted by COVID-19.

The SBA’s Economic Injury Disaster Loan (EIDL) Program now includes assistance for small businesses affected by COVID-19, with low-interest loans and grants to provide support and to help businesses overcome related revenue losses.