Guidance for Small Businesses

California Small Business Development Corporation COVID-19 Resource Guide


SBA Disaster Loan FAQs
Question: Congress passed disaster loans for small businesses. What happens now?
Answer: SBA is working directly with Governors to provide targeted, low-interest loans to small businesses and private nonprofit organizations that have been severely impacted by the Coronavirus (COVID-19) outbreak. 
Question: My state received approval, but it wasn’t state-wide. Will SBA allow more counties to be approved?
Answer: In some instances, state-wide declarations are not being made. Instead, they are on a county basis. If your state is experiencing new cases in undeclared counties after an SBA approval, Governors can amend their approved declaration by working with SBA on the county-specific findings.
Question: My state received approval so where do small businesses apply?
Answer: Small businesses in eligible areas may apply for an EIDL online at: or they can also reach out to their local SBA District Offices.
Question: If small businesses need help with their applications, are there any other resources available to help them fill out the applications?
Answer: SBA has also coordinated with the Resource Partners, including Small Business Development Centers, (SBDCs) who can assist with the application process. The list of SBDCs is available online here

Question: How do I know if a small business is eligible?
Answer: SBA’s Office of Disaster Assistance works with state emergency management divisions to certify certain areas as an “eligible area.” The list of eligible areas is also available online here
Question: What is an Economic Injury Disaster Loan?
Answer: The SBA’s Economic Injury Disaster Loan (EIDL) program provides small businesses with working capital loans of up to $2 million to help overcome the temporary loss of revenue. The loans may be used to pay fixed debts, payroll, accounts payable, or other bills that can’t be paid because of the COVID-19 outbreak. The interest rate is 3.75 percent for small businesses without credit available elsewhere, and businesses with credit available elsewhere are not eligible to apply for assistance. The maximum term is 30 years. A small business is defined by the SBA’s Size Standards in accordance with the Native American Industry Classification System (NAICS) codes and SBA’s Size Standards Tool can be utilized.
Question: What’s the timeline like?
Answer: Once a borrower submits an application, approval timelines depend on volume. Typical timeline for approval is 2-3 weeks and disbursement can take up to 5 days. Borrowers are assigned individual loan officers for servicing of the loan.
Question: Where can I find more information?
Answer: For additional information, borrowers should contact the SBA Disaster Assistance customer service center by calling 1-800-659-2955 or emailing They can also visit for more information.


Courtesy of House Committee on Small Business