SBA Loans

The Shuttered Venue Operators Grant (SVOG) portal will officially open on THURSDAY, APRIL 8, 2021. For those interested, register for the SBA’s national webinar on SVOG that will take place on Tues., March 30, 2021 @ 2:30 – 4:00pm ET.
Prior to the opening of the portal, parties are encouraged to:
– Secure a DUNS number and register with
– Gather the materials on the latest application checklist
– Register for the SBA’s March 30 informational webinar
– Sign up to be notified when the portal opens
Learn more here.

From the Dept. of Commerce: Small businesses, private non-profit organizations of any size, small agricultural cooperatives and small aquaculture enterprises that have been financially impacted as a direct result of the Coronavirus (COVID-19) since Jan. 31, 2020, may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred. This includes arts businesses.

These loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact. Eligibility for Economic Injury Disaster Loans is based on the financial impact of the Coronavirus (COVID-19). Contact your lender to find out more. 

The Idaho Small Business Development Center is producing webinars to help business owners navigate SBA programs including: Economic Injury Disaster Loans, Paycheck Protection Program Loans, Employee Leave Tax Credits, and Employee Retention Tax Credits. All of these programs and capital options are currently available to Idaho Businesses. Learn more here.

Paycheck Protection Program, also called the 7(a) Loan:
The SBA will provide $349 billion in loans through the Paycheck Protection Program to small businesses and non-profits.
Portions of these loans will be forgiven to the extent that recipients maintain their existing workforce or rehire.
Loans can be up to $10 million with a 4% maximum interest rate for portions of the loan that do not qualify for loan forgiveness. Funding is first come, first serve. 
Learn more here.

SBA Debt Relief:
The SBA Debt Relief program will provide a reprieve to small businesses as they overcome the challenges created by this health crisis.
Under this program:

  •  The SBA will also pay the principal and interest of new 7(a) loans issued prior to September 27, 2020.
  •  The SBA will pay the principal and interest of current 7(a) loans for a period of six months.

Learn more here.

Economic Injury Disaster Loan:
The program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
Borrowers can request an emergency advance of $10,000 within 3 days of submitting the application and do not have to repay the advance if they are denied a loan.
Learn more here.

Express Bridge Loan:
The program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork.
Learn more here.

SBA Customer Service Representatives will be available to answer questions about SBA’s Economic Injury Disaster Loan program and explain the application process. Applicants may call SBA’s Customer Service Center at (800) 659-2955 or email for more information on SBA disaster assistance. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339.

Applicants may apply online, receive additional disaster assistance information and download applications at Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The deadline to apply for an Economic Injury Disaster Loan is Dec. 21, 2020. For more information about available SBA resources and services, please visit

For any questions on the SBA Economic Injury Disaster Loan program, contact Jerry Miller at (208) 287-0780 or or visit