COVID-19 RELIEF FOR BUSINESS
During the COVID-19 crisis, we want to help our business members get as much relief as possible. Below you’ll find a list of federal and state resources, and what you should apply for first.
Please note that all of this is still evolving, and we’ll do our best to keep updating this page as new information becomes available.*
Talk to a business captain
START AT THE FEDERAL LEVEL
To maximize the amount of help your business can get, we recommend that you first apply for these assistance programs created by the U.S. Small Business Administration. And who processes your application (Affinity Plus vs. the SBA) depends on the program.
SBA Paycheck Protection Program (PPP)
6/3 Update: Funding is still available the program, and we’re continuing to process applications. We’re accepting PPP loan requests for existing Affinity Plus business members and businesses that are not yet members.
Please submit a Contact Request form if you'd like to apply for a PPP loan.
You can prepare by having the following documents ready to submit with your application:
Also, you can use these calculators to help determine your business loan needs:
SBA COVID-19 Economic Injury Disaster Loan (EIDL)
As a second step, eligible small business owners can borrow up to $2 million. And also get an advance of up to $10,000 (the advance doesn’t have to be repaid). The U.S. Small Business Administration handles applications for this assistance.
SBA Express Bridge Loan Pilot Program
This can bridge the gap while you’re waiting for the COVID-19 Economic Injury Disaster Loan decision and funding. One of our business captains can process this application for you.
Learn more about federal business relief