The U.S. SBA offers the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan and Advance (EIDL and EIDL Advance).
More about Paycheck Protection Program (PPP):
The SBA has resumed accepting PPP loan applications from approved lenders. The PPP is a loan program for small businesses, self-employed, independent contractors, nonprofits with a maximum of 500 employees, and it is intended to keep workers paid and employed. The loan amount is calculated based on payroll expenses with a maximum amount of $10 million at a rate of 1% for up to 2 years. The loan is forgivable if 75% of the loan amount is used for payroll, and no employees are laid off, or if laid-off employees are rehired before June 30, 2020. In addition to payroll costs, allowable expenses include mortgage interest, rent, and utilities. Submit your application as soon as possible, even if you need to rehire