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Coronavirus Emergency Loans, Grants and Benefits for Small Business
August 10, 2022
Covid-19: Guide for Small Businesses
CARES Act & Other COVID Assistance Programs

Looking for information and resources on reopening? Go here

This page consists of the following 5 sections for Coronavirus Loans, Grants & Benefits for Businesses, Employees, Self-Employed, 1099's, NonProfits & others:

► SBA - U.S. Small Business Administration Disaster Relief Loans
► Two key Coronavirus Emergency Relief Loans: Emergency Injury Disaster Loan & Payroll Protection Program
► Massachusetts Assistance and Dept of Unemployment Resources
► Other Loans & Grants
► More Useful Resources

SBA - U.S. Small Business Administration Disaster Relief Loans

 Don't know where to get started? Latest Relief Options & FAQs for SBA's disaster programs spelled out in just a few clicks
 Coronavirus Loan and Debt Relief Options
 Recommended - Sign up for SBA Email alerts to all developments
Get Local SBA Assistance at Massachusetts District Office - Call 800-659-2955, Email:

Two key Coronavirus Emergency Relief Loans: Emergency Injury Disaster Loan (EIDL) & Payroll Protection Program (PPP)

SBA Coronavirus Relief Options 2021
Updates on Recovery 2.0 Loans, Grants, Forgiveness, and Tax Fixes from NFIB
Comparison of EIDL & PPP Relief Loans
Economic Injury Disaster Loan Programs
► On 9/9/2021 the SBA made the following major enhancements to the COVID EIDL Program:    
   • Increasing the COVID EIDL Cap. The SBA will lift the COVID EIDL cap from $500,000 to $2 million. Loan funds can be used for any normal operating expenses and working capital, including payroll, purchasing equipment, and paying debt.    
   • Implementation of a Deferred Payment Period. The SBA will ensure small business owners will not have to begin COVID EIDL repayment until two years after loan origination so that they can get through the pandemic without having to worry about making ends meet.    
  • Establishment of a 30-Day Exclusivity Window. To ensure main street businesses have additional time to access these funds, the SBA will implement a 30-day exclusivity window of approving and disbursing funds for loans of $500,000 or less. Approval and disbursement of loans over $500,000 will begin after the 30-day period.
  • Expansion of Eligible Use of Funds. COVID EIDL funds will now be eligible to prepay commercial debt and make payments on federal business debt.    
  • Simplification of affiliation requirements. To ease the COVID EIDL application process for small businesses, the SBA has established more simplified affiliation requirements to model those of the Restaurant Revitalization Fund.    
  • To learn about eligibility and application requirements and how to apply, visit The last day that applications may be received is December 31, 2021. All eligible applicants should file their applications as soon as possible.
► Payroll Protection Program (PPP)
    • Renewed Payroll Protection Loan Program Webinar on 1/13/2021 Sign up Here Today
    • PPP Loan Forgiveness Application
    •  PPP Loan Forgiveness Application Instructions
    • Webinar: How To Complete SBA Form 3508S for PPP Loans Under $50,000
    • 60 Questions Answered on the PPP Loan and Forgiveness Program, including the new H.R. 7010 Law
    • Latest Changes to Relaxing PPP Loan Forgiveness Rules from Forbes
    • Interim Final Rule on PPP Loan Forgiveness
    • PPP Information for Borrowers - Details & FAQs
    • How to Calculate PPP Loan Amount by Business Type
    • SBA PPP Guidance on Laid-off Employees Who Refuse to be Rehired
    • Treasury Small Business PPP Tools and Policy Issue Updates
    • SBA and Treasury FAQ's defining PPP compliance
    Treasury Interim Final Rule on Loan Increases (incl. seasonal businesses)
    • SBA Webinar - Update on COVID-19 and PPP (Password: 0q=913%=)
      – Text Response to Webinar Questions
    •  Available to Small Businesses, Independent Contractors, Self-employed persons, NonProfits & many more
    • Loan Application Form (Sample) - Available from SBA-approved banks
    • Massachusetts Lender List
    • Payroll Protection Loan Application within QuickBooks - QuickBooks® Capital created an easy method to prepare applications for a PPP loan.

Massachusetts Assistance and Dept of Unemployment Resources

   • Town of Falmouth & Falmouth EDIC COVID-19 Micro-Enterprise Assistance Program
   • Additional Funding MassDevelopment Commonwealth Places: More Info here
   • Empowerment Grant for Small Businesses - Applicants Can Request up to $2,500
   • COVID-19 Resources and Guidance for Massachusetts Businesses
WORKSHARE PROGRAM - Smart Alternative to Layoffs, Helping Companies keep Valuable Workers 
   • Frequently Asked Question about COVID-19: Employee Rights & Employer Obligations
   • Benefits & Filing Claims
   • Additional $600/week available under FPUC Unemployment Program
   • Self-Employed & Independent Contractors eligible for up to 39 weeks Unemployment under PUA Program Assistance
   • Up to 13 weeks Unemployment Extension possible under PEUC Program
   • Sign up for a town hall presentation on applying for unemployment assistance

Other Loans & Grants

Main Street Lending Program 
► Supporting small and mid-sized businesses that were in good financial standing before the crisis by offering 4-year loans to companies employing up to 10,000 workers or with revenues of less than $2.5 billion

U.S. Chamber of Commerce: Save Small Business Fund
► The Save Small Business Fund is a grantmaking initiative led by the U.S. Chamber of Commerce Foundation. The fund will offer $5,000 grants for employers across the country

NAV: Small Business Grant Contest
► NAV is giving grants to small businesses that tell a story of preservation and opportunity in the face of a past or ongoing challenge. Apply by May 30th

Facebook: $100M in Grants for Small Businesses
► Facebook is offering $100 million in grants to support over 30,000 small businesses in over 30 countries. Check if your small business is eligible

Other Useful Resources:

Reopening Resources to Help You Prepare for Your Industry 
     • One resource containing everything you need to plan for your reopening
BUSINESS OWNERS GUIDE to the CARES Act- includes details, Q&As for:
     • Paycheck Protection Program (PPP) Loans
     • Economic Injury Disaster Loans & Emergency Economic Injury Grants
     • Small Business Debt Relief Program
     • Small Business Tax Provisions
► Tips from SCORE - Marketing during the COVID -19 Pandemic
IRS - Taxpayer Economic Impact Payments - Eligibility & Payment Status
► 12 Things You Can do Now to Help Save your Business from COVID-19
► A Way Forward for Small Businesses - Harvard Business Review
     • Five recommendations based on key findings for navigating the COVID-19 Crisis

SCORE's Online Support Is Available via Video Conference, Phone, or Email

The health of small business owners, their employees, and the SCORE network of volunteers remains our top priority.  In the wake of recent developments relating to COVID-19, SCORE is temporarily suspending in-person events until further notice.  However, continued support is fully available, and mentoring can be scheduled by Video Conferencing, Phone or Email.  Get Help Applying for an SBA Loan - Call SCORE at 508-775-4884 or contact online


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Centerville, MA 02632

Copyright © 2023 SCORE Association,

Funded, in part, through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA.

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