The U.S. Small Business Administration's (SBA) Economic Injury Disaster Loans:
offers up to $2 million to help small businesses and private non-profit organizations overcome the temporary loss of revenue they are experiencing as a result of the Coronavirus. The loans may be used to pay fixed debts, payroll, accounts payable and other bills that can't be paid because of the disaster's impact. The interest rate is 3.75% for small businesses without credit available elsewhere, and 2.75% for non-profits, with a maximum term of 30 years, depending on the ability to repay.
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Check out the NYSBDC application guide for an excellent step-by-step explanation of applying through the SBA's disaster loan portal. To apply you will need to complete and upload the below forms:
You can also refer to the SBA process summary or contact the SBA directly at firstname.lastname@example.org or (800)-659-2955.