COVID-19 Business Resources
Small Business Administration (SBA) Updates:
- SBA's Paycheck Protection Program ended May 31, 2021. Existing borrowers may be eligible for PPP Loan Forgiveness.
- SBA is no longer accepting new applications for Economic Injury Disaster Loans. See additional information below.
SBA's Economic Injury Disaster Loan (EIDL)
As of January 1, 2022, SBA is currently not accepting applications for new COVID EIDL loans or advances.
- The U.S. Small Business Administration (SBA) will accept and review reconsideration and appeal requests for COVID EIDL applications received on or before December 31 if the reconsideration/appeal is received within the timeframes in the regulation. This means six months from the date of decline for reconsiderations and 30 days from the date of reconsideration decline for appeals – unless funding is no longer available.
- Borrowers can request increases up to their maximum eligible loan amount for up to two years after their loan origination date, or until the funds are exhausted, whichever is soonest.
- Additional information on Economic Injury Disaster Loans can be found here.
Contact Information - Small Business Administration (SBA)
- Paycheck Protection Program (PPP) - Questions should be addressed to your lender, borrowers who need assistance with the loan foregiveness can contact SBA's dedicated foregiveness call center at 877-552-2692.
- Economic Injury Disaster Loans (EIDL) - Existing applicants should call 833-853-5638 or email email@example.com. For Targeted EIDL Advance, email TargetedAdvance@sba.gov.
Funding Programs (SBA)
The U.S. Small Business Administration (SBA) helps small businesses obtain funding through different types of loans. For small businesses that need funding, SBA works with lenders to provide loans to provide traditional loans. SBA does not lend money directly to small business owners, unless the business is located in a declared disaster area. Instead, the SBA sets guidelines for loans made by their partnering lenders, community development organizations, and micro-lending institutions. SBA reduces risk for lenders, which makes it easier for small businesses to get loans.
SBA's Lender Match - get matched to potential lenders offering SBA-backed funding. Lender Match can be accessed here.
SBA Loan options for borrowers:
- 7 (a) Loans - A group of SBA loans which guarantee portions of the total amount, cap interest rates, and limit fees.
- 504 Loans - Long-term, fixed-rate financing to purchase or repair real estate, equipment, machinery, or other assets.
- Microloans - SBA's smallest loan program, providing $50,000 or less to help businesses start up and expand.
City of Henderson will remain dedicated in our efforts to provide the needed support for commerce during this challenging time. Henderson’s business community and city residents have shown impressive resilience in the face of this global pandemic. We’re proud to work together for Henderson’s future.
Department of Business and Industry (B&I) has developed a Resource Center for business owners/entrepreneurs helping them to plan for what happens during these uncertain times and navigate the new challenges as they restart their operations.
Nevada Department of Employment, Training and Rehabilitation (DETR) has compiled multiple resources regarding unemployment claims and job seeking on their website, with unemployment information for claimants and employers on their website. For information on Rapid Response assistance call (775) 684-0362 or email firstname.lastname@example.org
Nevada JobConnect provides a portal where job seekers can find more information and file a claim for Pandemic Unemployment Assistance.