Arkansas small businesses suffering economic injury due to coronavirus (COVID-19) are now eligible to apply for low-interest SBA loans.
See our fact sheet for the documentation you will need for your application.
How can the loan be used?
The loans are for working capital, which includes fixed debts, payroll, accounts payable, and other bills that can't be paid due to the disaster's impact. Lost sales are not covered.
How much can I apply for?
You will not be asked how much you would like to borrow. The SBA uses the information you provide to determine the loan amount. Small businesses can receive a secured loan up to $2 million, and an unsecured loan up to $25,000.
Go to disasterloan.sba.gov/ela to register and apply.
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