Understanding the SBA Available Funding Options

With many different funding options available to support small businesses, selection and application processes can be confusing and overwhelming. This simple comparison tool offers the basic facts, dates, and eligibility requirements for you to start on the path and apply for the best funding option for your small business.

  SBA Paycheck Protection Program (PPP) COVID-19 EIDL Shuttered Venue Operators Grant Restaurant Revitalization Fund
  Paycheck Protection Program (PPP)

 

CLOSED

Economic Injury Disaster Loans (EIDL)

Shuttered Venues Operator Grant (SVOG)

CLOSED

Restaurant Revitalization Fund (RRF)

 

CLOSED

Where and when can I apply for funding?
Application Link PROGRAM CLOSED Apply for EIDL Apply for SVOG PROGRAM CLOSED
Application Dates Deadline: 05/31/2021 Deadline: 12/31/2021 Deadline:  08/20/21

Deadline: 05/24/2021

Which funding option is best for me?
Funding Type Loan Program Loan Program Grant Program Grant Program
Forgivable? YES NO N/A N/A
Primary Recipient Any small business, sole proprietor or non-profit Small businesses and non-profits with employees Businesses with a defined performance space in operation since 02/29/2020 Food vendors who suffered pandemic-related revenue loss
What are the eligibility requirements of these funding options?
Eligible Expenses
  • Payroll
  • Business rent lease, mortgage and interest
  • Working capital
  • Normal operating expenses

Eligible expenses include, but are not limited to:

  • Payroll
  • Business rent lease, mortgage and interest
  • Business Utilities
  • Payments to independent contractors
  • Normal operating expenses
  • Payroll
  • Business rent lease, mortgage and interest
  • Business Utilities
  • Normal operating expenses
Eligibility with other SBA funding programs SVOG recipients are ineligible for PPP funding PPP and SVOG recipients may apply for EIDL funding, but cannot use for the same costs covered by prior funding PPP recipients may apply for SVOG, but after receiving SVOG funding, are ineligible for PPP funding EIDL recipients can apply; PPP and SVOG conditions apply; More information
What are the key funding parameters I should know?
Funding Levels 2.5 months of payroll costs
3.5 months of payroll costs (accommodation & food service)
24 months of economic injury 45% of gross earned revenue Minimum award: $1,000
Maximum Amount Dependent on payroll costs $500,000 $10 M $10 M / business $5 M / location
Loan Maturity
  • Before 06/04/2020: 2 years
  • After 06/05/2020: 5 years
30 years N/A N/A
Interest Rates 1%
  • Businesses: 3.75% (fixed)
  • Non-profits: 2.75% (fixed)
N/A N/A
Where can I get more details on these funding options?
Additional Information Get more information on PPP Get more information on EIDL Get more information on SVOG Get more information on RRF

 

 

 

SBA Paycheck Protection Program (PPP)

CLOSED

Where and when can I apply for funding?
Application Link
PROGRAM CLOSED
Application Dates
Deadline: 05/31/2021
Which funding option is best for me?
Funding Type
Loan Program
Forgivable?
YES
Primary Recipient
Any small business, sole proprietor or non-profit
What are the eligibility requirements of these funding options?
Eligible Expenses
  • Payroll
  • Business rent lease, mortgage and interest
Eligibility with other SBA funding programs
SVOG recipients are ineligible for PPP funding
What are the key funding parameters I should know?
Funding Levels
2.5 months of payroll costs
3.5 months of payroll costs (accommodation & food service)
Maximum Amount
Dependent on payroll costs
Loan Maturity
  • Before 06/04/2020: 2 years
  • After 06/05/2020: 5 years
Interest Rates
1%
Where can I get more details on these funding options?
Additional Information
Get more information on PPP

 

COVID-19 EIDL

Where and when can I apply for funding?
Application Link
Apply for EIDL
Application Dates
Deadline: 12/31/2021
Which funding option is best for me?
Funding Type
Loan Program
Forgivable?
NO
Primary Recipient
Small businesses and non-profits with employees
What are the eligibility requirements of these funding options?
Eligible Expenses
  • Working capital
  • Normal operating expenses
Eligibility with other SBA funding programs
PPP and SVOG recipients may apply for EIDL funding, but cannot use for the same costs covered by prior funding
What are the key funding parameters I should know?
Funding Levels
24 months of economic injury
Maximum Amount
$500,000
Loan Maturity
30 years
Interest Rates
  • Businesses: 3.75% (fixed)
  • Non-profits: 2.75% (fixed)
Where can I get more details on these funding options?
Additional Information
Get more information on EIDL

 

Shuttered Venue Operators Grant

Where and when can I apply for funding?
Application Link
Apply for SVOG
Application Dates
Deadline: 04/26/2021
Which funding option is best for me?
Funding Type
Grant Program
Forgivable?
N/A
Primary Recipient
Businesses with a defined performance space in operation since 02/29/2020
What are the eligibility requirements of these funding options?
Eligible Expenses

Eligible expenses include, but are not limited to:

  • Payroll
  • Business rent lease, mortgage and interest
  • Business Utilities
  • Payments to independent contractors
  • Normal operating expenses
Eligibility with other SBA funding programs
PPP recipients may apply for SVOG, but after receiving SVOG funding, are ineligible for PPP funding
What are the key funding parameters I should know?
Funding Levels
45% of gross earned revenue
Maximum Amount
$10 M
Loan Maturity
N/A
Interest Rates
N/A
Where can I get more details on these funding options?
Additional Information
Get more information on SVOG

 

Restaurant Revitalization Fund

CLOSED

Where and when can I apply for funding?
Application Link
PROGRAM CLOSED
Application Dates
  • Register: 04/30/2021
  • Opened: 05/03/21
Which funding option is best for me?
Funding Type
Grant Program
Forgivable?
N/A
Primary Recipient
Food vendors who suffered pandemic-related revenue loss
What are the eligibility requirements of these funding options?
Eligible Expenses
  • Payroll
  • Business rent lease, mortgage and interest
  • Business Utilities
  • Normal operating expenses
Eligibility with other SBA funding programs
EIDL recipients can apply; PPP and SVOG conditions apply; More information
What are the key funding parameters I should know?
Funding Levels
Minimum award: $1,000
Maximum Amount
  • $10 M / business
  • $5 M / location
Loan Maturity
N/A
Interest Rates
N/A
Where can I get more details on these funding options?
Additional Information
Get more information on RRF

SBA Coronavirus Relief Options