Guide to Governmental Relief for Arts Organizations and Individual Artists: Small Business Association (SBA) Loans (for Nonprofits and Artists)

Important (and urgent) advice from our colleagues at the Association of Performing Arts Professionals and at 20 Degrees:

• Time is of the essence to prepare and submit your application for the SBA Paycheck Protection COVID-19 relief loan program, as these dollars will go quickly and nonprofits are eligible but potentially disadvantaged. Getting your application in as early as possible is one of the best things you can do.
  

• The SBA resumed accepting Paycheck Protection Program applications from participating lenders on Monday, April 27, 2020 at 9:30am CST. The SBA is encouraging all approved lenders to process loan applications previously submitted by eligible borrowers and disburse funds expeditiously.​
  

• Talk to a lender who already knows you. They need to be approved to do 7a loans in order to process this loan. Here is a list of the top most active 100 SBA lenders. As you are applying for these new loans, be sure to read current loan documents and keep in touch with current lenders. 

• Need guidance on small business relief, including applying for SBA loans? This is a very useful article.
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