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.
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|---|---|---|---|---|
| Paycheck Protection Program (PPP)
|
Economic Injury Disaster Loans (EIDL) |
Shuttered Venues Operator Grant (SVOG) |
Restaurant Revitalization Fund (RRF)
|
| Where and when can I apply for funding? | ||||
| Application Link | PROGRAM CLOSED | PROGRAM CLOSED | PROGRAM CLOSED | 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 |
|
|
Eligible expenses include, but are not limited to:
|
|
| 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 |
|
30 years | N/A | N/A |
| Interest Rates | 1% |
|
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 |
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 |
|
| 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 |
|
| Interest Rates |
| 1% |
| Where can I get more details on these funding options? |
| Additional Information |
| Get more information on PPP |
| 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 |
|
| 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 |
|
| Where can I get more details on these funding options? |
| Additional Information |
| Get more information on EIDL |
| 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:
|
| 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 |
CLOSED
| Where and when can I apply for funding? |
| Application Link |
| PROGRAM CLOSED |
| Application Dates |
|
| 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 |
|
| 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 |
|
| 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 |
