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SBA's Programs Associated with the CARES Act in response to COVID-19

The Economic Injury Disaster Loan Application (EIDLA) Program

The website for the application submission is:


The Payroll Protection Program

Program Overview:

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.  SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.  The Paycheck Protection Program will be available through June 30, 2020.

There are two important changes to PPP:

1.Recipients now have 24 weeks to spend funds from the time of origination to be eligible for at least some loan forgiveness. This is up from the original eight weeks.


2.The percent of funds that must be spent on payroll was lowered from 75% to 60% to be eligible for at least some loan forgiveness.

SBA Debt Relief

The SBA Debt Relief program will provide a reprieve to small businesses as they overcome the challenges created by this health crisis.


Under this program:

  • The SBA will also pay the principal and interest of new 7(a) loans issued prior to September 27, 2020.

  • The SBA will pay the principal and interest of current 7(a) loans for a period of six months.


SBA Express Bridge Loans

The Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork.  If a small business has an urgent need for cash while waiting for decision and disbursement on Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.


  • Up to $25,000

  • Fast turnaround

  • Will be repaid in full or in part by proceeds from the EIDL loan


The CARES Act Readiness Program for Small Businesses is a free training program that helps both novice and experienced borrowers navigate the CARES Act and get access to the capital they need to sustain their business.

The Arizona Small Business Association and Arizona Chamber of Commerce have joined forces to bring you the CARES Act Readiness Program for Small Businesses. This training program – which is offered at no cost to you – helps both novice and experienced borrowers successfully access relief funds

Learning & Live 


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