Arkansas small businesses suffering economic injury due to coronavirus (COVID-19) are now eligible to apply for low-interest Small Business Administration loans.
See our fact sheet for the documentation you will need for your application. (Espanol)
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.
Online Application Tips
- Use Internet Explorer or Mozilla Firefox to apply.
- The Help button provides useful information for each page.
- Use the Save button frequently.
- Be patient and keep trying if you experience slow load times.
Need a Hand?
ASBTDC can help you with the application process. We are available to assist you virtually by phone, email, or videoconference. Contact your consultant, or complete our online signup.
Continue to refer to our COVID-19 page for the latest updates.