Small Business Resources

Hoosiers - from the Paycheck Protection Program to U.S. Small Business Administration loans, there is a lot of information available to help small businesses get through this pandemic. If you are seeking information on unemployment insurance, please click here. 

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Economic Injury Disaster Loan Advance

Small business owners are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. Funds will be made available following a successful application and the loan advance will not have to be repaid.
At this time, only agricultural business applications will be accepted due to limitations in funding availability and the unprecedented submission of applications already received. Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.

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SBA Express Bridge Loans

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

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SBA Debt Relief

The SBA will automatically pay the principal, interest, and fees of current 7(a) loans for a period of six months. The SBA will also automatically pay the principal, interest, and fees of new 7(a) loans issued prior to September 27, 2020.

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Payment Protection Program (PPP)

The PPP provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities. 

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Paid sick and family leave

Department of Labor

Businesses with fewer than 500 employees are eligible for funds to offer employees paid leave for the employee’s own health needs or to care for family members.  Please review the Fact Sheet for Employees, Fact Sheet for Employers and the Questions and Answers. Additional Q&A here.

Two posters for federal workers and all other employees, include the requirements for employers to inform employees about their rights under the new law. Employers, please review the questions and answers about notice requirements, and a Field Assistance Bulletin on the enforcement policy.

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Contact

SBA District Office

Click here.

Disaster Assistance Customer Service Center

Call 1-800-659-2955 or Email [email protected]

Businesses with questions

Call 877-820-0890 or Email [email protected]