SBA Covid Resources

The DC Women’s Business Center created this resource page to assist entrepreneurs in the District of Columbia’s metropolitan region. This page includes information and resources for entrepreneurs starting a business and for existing businesses who have been impacted by the national pandemic following the outbreak of COVID-19.

For assistance, please register for a one-on-one counseling session with our small business counselor by scheduling an appointment here.

COVID-19 Federal Relief

 SBA COVID-19 Economic Injury Disaster Loan 

Program Updates 

The COVID-19 EIDL is designed to support small business recovery and will provide micro  loans with no fees for applicants that apply directly on SBA’s website for loan sizes between  $1,000 to $25,000.  

Interest rate and repayment 

A fixed 3.75% interest for-profit businesses and 2.75% interest loans to private nonprofit organizations with no collateral or personal guarantee. Larger loan sizes between 25,000 to $500,000 require collateral or personal guarantee. Repayment period is up to 30 years with optional deferment up to 2 years. Maximum loan amount is 2 million and businesses that have already been approved for a smaller loan may request an increase on their original application without the need to reapply.  

What are the general eligibility requirements? Businesses must have evidence of being in business or invested in by January 2020 with a credit score of at least 570. 

Documents required: Federal Income Taxes or Business Financial Statements, and IR Form 4506-T

Determine your loan eligibility with the Economic Injury Loan Formula:  Economic Injury formula: (Annual Revenue-Annual Cost of Goods Sold) x 2 = Loan Amounts

Targeted EIDL Advance Program  


COVID-19 Economic Injury Disaster Loan  

COVID-19 EIDL Program Updates 

 SBA  is authorized through the CARES Act to pay monthly principal, interest, and any fees that borrowers own for 6 months, capped at $9,000. 

For more information and to learn more about debt relief and other assistance administered by the Small Business Administration check the links below:  

 SBA Coronavirus Relief 

SBA Debt Relief  

Paycheck Protection Program 

COVID-19 Economic Injury Disaster Loan

The EIDL provides working capital and general operating expenses with a 30 year repayment option to borrowers who have experienced financial loss. To learn more information check the links below:

COVID-19 Economic Injury Disaster Loan
Targeted Economic Injury Disaster Loan Application

New businesses that started after February 2020 are not eligible to apply for the EIDL or PPP,  however SBA has other loan programs and is authorized through the CARES Act to pay monthly principal, interest, and any fees that borrowers own for 6 months, capped at $9,000.

Resources for Entrepreneurs

Whether your small business is well-established, just starting out, or somewhere in between, having a dedicated website and understanding the best practices for digital marketing is a must.
How to Take Your Small Business Online
Tips for Adapting Your Business’s Marketing Plan in the Era of COVID-19

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How Businesses Can Minimize Their Reputational Risk

The national pandemic brought on by the outbreak of COVID-19 drastically impacted our economy. These resources will guide through tips and resources for managing financial impacts from the crisis.

Helping Small Businesses Affected by COVID-19

From COVID-19 to Hurricane Season: Disaster Preparedness for Small BusinessesHow to Keep Your Small Business Going During a Crisis

Closing Your Business – A Managed Approach

Reopening Your Small Business – Q&A with SCORE Mentors

Virtual Events
1-on-1 Counseling
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