Small business owners who haven’t seen the summer rebound they expected from Covid-19 or are dreading a winter dealing with the potential economic fallout of the Delta variant still have some relief funding options from a set of Small Business Administration relief programs.
To be clear, the Paycheck Protection Program has long since closed to new loan applications, and the Restaurant Relief Fund vanished nearly as quickly as it came, with more than $72.2 billion in applications for just $28.6 billion in funds. But with 35% of small business owners unable to pay rent on time in July, according to a recent study, business owners should see if they could benefit from additional possible relief.
Meanwhile, Congress has included cuts to several SBA programs and accounts to help pay for its $1 trillion infrastructure bill, which cleared the Senate Aug. 10 and now awaits a vote in the House. So it is probably best not to wait to apply to any of these existing grant or loan programs.
You can find the full list and details at Dallas Business Journal.