COVID-19 Emergency Funds2020-04-01T17:57:52+00:00

COVID-19 Emergency Funds

The Federal government and the SBA has made available funds through the Economic Injury Disaster Loss (EIDL) program, loans to help businesses manage through these difficult and uncertain times. In addition, SBA has made substantial changes to the traditional SBA loan programs that could have a significant economic impact to you (or your clients). The following summarizes the opportunity:

Economic Injury Disaster Loans (EIDL)

This loan is for a small business that has suffered an economic loss due to COVID-19 and is intended to provide the needed financial resources that will allow them to pay employees as well as meet other operating expenses.

Program Highlights:

  • 100% SBA Guarantee
  • Loans are available from $25,000 up to $2,000,000
  • $10,000 grant paid with 3 days of application
  • Rates: as low as 3.75% (depending on credit score)
  • Term: Up to 30-year repayment
  • Money in your account with 14 days of application
  • Funding based upon your credit score
  • Apply directly through SBA

Who can apply?

Applicants include any businesses who suffered an economic loss because of COVID-19. The loss can be from the complete shutdown of a business, as well as a slowdown in revenue for those that remain open. Some examples include restaurants, retail, hospitality, sports & entertainment venues, shipping & logistics, and auto dealers.

*** Business Owners can apply for EIDL directly through SBA website or if any assistance is needed, please contact us through the “Pre-Qualify for Loan” form.

Pre-qualify for loan

Looking for funding? Answer a few questions and a banker will contact you within 1 business day!

    FIRST NAME *
    LAST NAME *
    EMAIL ADDRESS *
    PHONE NUMBER *
    Business Name *
    Business website *

    Business Description *

    Your Time Zone

    Best time to call (check all that apply)
    MorningsAfternoonsEveningsWeekends

    Zip Code *
    Industry

    Years in business *
    Less than 1 year1 - 2 years2 - 5 years5 - 9 years10+ years

    Amount of funding needed *

    Use of funds *
    Purchase Property or Real EstateBuy EquipmentRemodel/ExpandRefinance DebtHire StaffWorking CapitalPurchase InventoryBuy an Existing BusinessMarketing & Advertising

    If business acquisition, purchase of real estate, amount of cash you have available to put into transaction

    Any personal or business bankruptcies within the last 5 years for any owner of 20% or more of the business? *
    yesNo

    Any active lawsuits (including divorce), open judgements or outstanding tax liens? *
    yesNo

    Your credit score

    Please select all that apply *

    Year 2019 Sales
    Monthly Average Payroll
    Monthly Rent/Mortgage
    Monthly Utilities, IT, Mnt. cost

    Current Inventory Amount

    Additional Information

    I have reviewed, understand PGV may refer my information to lending partners