SBA Disaster Loan Technical Assistance

Update 7/20:

The Paycheck Protection Program (PPP) has reopened and will be extended to August 8.  This is the deadline that lenders have to secure a loan number from the SBA.  Be aware that Individual lenders will have their own deadlines for borrowers in advance of Aug 8.   

It's important to note there have been a few other changes to the program that have added significant flexibility.

  • Businesses now have 24 weeks (previously 8 weeks) to spend at least 60% (previously 75%) of the loan amount on qualified payroll expenses(or business income if you are sole prop or independent contractor)
  • Up to 40% (previously 25%) of the loan amount can be spent on non-payroll costs, specifically rent, utilities, mortgage interest related to business on obligations in place prior to 2/15/20. 
  • If a borrower is unable to rehire previously employed individuals or similarly qualified employees, the borrower will not have its loan forgiveness amount reduced based on the reduction in full-time equivalent employees.
  • For portions of the loan that are not forgiven, it becomes a 5 year loan at 1% (previously 2 year loan). 

The Economic Injury Disaster Loan (EIDL) is once again open to small businesses, unfortunately the loan advance of $1K,per employee up to $10K is no longer available. OED is providing FREE technical assistance to small businesses and non-profits who would like to understand more about PPP and EIDL.

Need help with these SBA resources?

OED provides technical assistance to businesses applying for SBA loans and understanding the CARES Act (Coronavirus Aids, Relief & Security). This includes helping businesses navigate the application process and documentation. 

For general inquiries, please email or call 206-684-8090.

When you call you may reach a live person or a voicemail. If you reach the voicemail, please tell us:

  • Your name
  • Phone number
  • The language you need in English
  • What support you need  

If you need language assistance, either a bilingual staff member will call you back, or we will call in a third-party interpreter on the phone to assist with the conversation.  

Please note that many people are calling us for help, so expect long wait times. You may also experience a wait time while connecting to an interpreter.   

Here are four funding options from SBA to help you overcome the economic disruption due to the COVID-19 outbreak:

SBA Economic Injury Disaster Loans (EIDL) 

Businesses and non-profits that have been impacted by COVID-19 are now eligible to apply for low‑interest working capital loans through the U.S. Small Business Administration (SBA) Economic Injury Disaster Loans program. These loans can help small businesses meet financial obligations and cover operating expenses. The interest rate is 3.75% for small businesses and 2.75% for non-profits. For more information, please visit SBA

Deadline to apply for EIDL is September 30, 2020.

SBA EIDL Checklist 

The Small Business Administration's EIDL program offers long-term, low interest assistance for small businesses and non-profits affected by COVID-19. Small business owners and qualified agricultural businesses in all U.S. states and territories are currently eligible to apply. SBA is now accepting new EIDL applications

 EIDL loan assistance can be used to cover payroll and inventory, pay debt, or fund other expenses. 

Prepare the following information before you apply:

  • Employer Identification Number (EIN)
  • Social Security Number (SSN)
  • Gross revenue for Feb 1 2019 - Jan 31 2020
  • Cost of goods sold for Feb 1 2019 - Jan 31 2020
  • Number of employees
  • Bank account and routing numbers

The deadline to apply for an Economic Injury Disaster Loan is September 30, 2020.  

Frequently Asked Questions

The the EIDL loan can both be accessed through the SBA Disaster loan Assistance site.

Apply Here 

If you have already applied for EIDL, please note you can only check application status at SBA customer service at 1-800-659-2955 (TTY: 1-800-877-8339) or email are now staffed 24/7, and have added a chat feature.)  

Paycheck Protection Program (PPP) Loans 

PPP IconThe Paycheck Protection Program (PPP) offers up to $10 million in forgivable loans to small businesses to pay their employees and other expenses during the COVID-19 crisis. PPP loans will be fully forgiven if the funds are used for payroll costs, interest on mortgages, rent, and utilities. At least 60% of the forgiven amount must have been used for payroll. Loan payments will be deferred for six months. For more detailed information about forgiveness, see below under "What are the new PPP Loan forgiveness terms and how do I apply for loan forgiveness?"

Loans are provided through financial institutions/lenders. No collateral or personal guarantees are required. Neither the government nor lenders will charge small businesses any fees. Loans issued prior to June 5 have a maturity of 2 years. Loans issued after June 5 have a maturity of 5 years. All loans have an interest rate of 1%. 

OED continues to offer FREE assistance to small businesses and non-profits with their PPP loan and loan forgiveness applications, and has bilingual interpretation. For information on the status of your EIDL or PPP loan, contact SBA Office of Disaster Assistance directly at 1-800-659-2955 (TTY: 1-800-877-8339) or email

Who can apply? 

Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards. For more information about PPP loans: 

How and where to apply for a PPP loan? 

  • These loans are not provided directly by SBA, but through an approved lender.  Click here to search for a nearby approved SBA lender.

  • Individual lenders will have their own application process and required documents. For reference we have included a generic Application SBA Form for PPP loans here.  This contains core information required by lenders and can help you understand what you need for the lender PPP application. 

Preparing for a PPP Loan

Below is key information to help you prepare for PPP application. Your average monthly payroll is required information for the application.  Take the following steps to calculate your average monthly payroll:

1. Calculate the total annual payroll prior to COVID-19.  Payroll costs include the following costs for all part and full time employees:Salary, wages, commissions, tips or similar compensation (capped at $100,000 on an annualized basis for each employee);Payment of vacation, parental, family, medical, or sick leave;

  • Allowance for separation or dismissal;
  • Payments required for the provisions of group health care benefits including insurance premiums;
  • Payment of retirement benefits;
  • Payment of employer paid state and local taxes assessed on compensation;
  • For a sole proprietor or independent contractor wages, commissions, income, or net earnings from self-employment, capped at $100,000 on an annualized basis for each employee count as payroll.

2. Add these costs to calculate total payroll for the year.

3. Divide by 12 to get the average monthly payroll.

You can also get this number from your IRS 941 Employer's Quarterly Federal Tax Return form line 5E. Add up total in line 5E from previous four quarters before crisis, and divide by 12 to get average monthly payroll.

Applicants should also have the following documents available:

  • If you have an SBA EIDL since Jan 31 2020, have your loan balance
  • 2018 or 2019 Annual tax return
  • 2018 or 2019 Quarterly tax returns
  • Confirmation of ownership of the business on the business certificate of formation
  • Documentation of the payroll
  • Articles of organization
  • Operating Agreement (for LLCs, not required if not available)
  • By-laws (for corporations, not required if not available)
  • North American Industry Classification System (NAICS) Code (

What are the new PPP Loan forgiveness terms and how do I apply for loan forgiveness? 

  • Businesses have a longer time period to spend loan proceeds. This time period, known as the Covered Period, has been extended from eight weeks to 24 weeks. 
  • The percentage of funds that can be used for non-payroll expenses has been expanded. Now, loans will be fully forgiven provided that businesses spend 60% of the loan amount (or more) on payroll and up to 40% on other approved expenses.

Find out more about these important changes in this joint statement from SBA Administrator Jovita Carranza and U.S. Treasury Secretary Steven Mnuchin. 

There are now two applications for PPP loan forgiveness: the EZ Forgiveness Application and the Full Forgiveness Application. You only need to fill out one of these applications. The EZ application requires fewer calculations and less documentation for eligible borrowers. Details are available in the instructions to the new EZ application form

SBA Express Bridge Loans 

Express IconExpress Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. If a small business has an urgent need for cash while waiting for decision and disbursement on an Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.


  • Up to $25,000
  • Fast turnaround
  • Will be repaid in full or in part by proceeds from the EIDL loan

SBA Express Bridge Loan Lenders

Deferment of existing SBA loans 

Debt Relief IconIf you have an existing business loan through SBA, The SBA Debt Relief program provides a reprieve to small businesses as they overcome the challenges created by this health crisis. If you have an existing loan with SBA, under the SBA Debt Relief 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. 

If you have questions about this, please call the lender that provided your SBA loan.