u.s. small business administration (sba) funding programs

1 Equal Housing Lender. All loans are subject to credit approval. Certain conditions and restrictions apply. Programs subject to change or discontinuation without notice. 2021 M&T Bank. Member FDIC.

U.S. Small Business Administration (SBA) Funding Programs

Information as of April 26, 2021

This content is for informational purposes only and is subject to change. It is not designed or intended to provide financial, tax, legal, investment, accounting, or other professional advice since such advice always requires consideration of individual circumstances. If professional advice is needed, the services of a professional advisor should be sought.


How does the SBA help small business owners?

The SBA offers various loan, grant and bond programs to assist small business owners.


How does a SBA loan work?

Benefits of SBA-guaranteed loans:Competitive terms, counseling and education, and unique benefits


What is a SBA 7(a) loan?

The 7(a) Loan Program includes financial help for small businesses with special requirements.




7(a) Loan Amount

A 7(a) loan may be up to $5 million.

To be eligible 7(a) loan assistance, businesses must:

• Operate for profit• Be considered a small business, as defined by

the SBA• Be engaged in, or propose to do business in,

the United States or its possessions• Have reasonable invested equity• Use alternative financial resources, including

personal assets, before seeking financial assistance

• Be able to demonstrate a need for a loan• Use the funds for a sound business purpose• Not be delinquent on any existing debt

obligations to the U.S. government

SBA Guarantee Fees

The SBA requires the Borrower to pay a Guarantee fee. This fee is an SBA fee and is not retained by the lender.

NOTE: The fees are currently waived through 9/30/2021


SBA Debt Relief

SBA provides a financial reprieve to existing borrowers during the

pandemic

What SBA programs are still available in support of the COVID-19 pandemic?

COVID-19 - Economic Injury Disaster Loan (EIDL)

Loan provides economic relief to small businesses and non-profit

organizations currently experiencing a temporary loss of revenue

Shuttered Venue Operators Grant (SVOG)

Grant program provides emergency assistance for eligible venues

Restaurant Revitalization Fund (RRF)

SBA to provide funding to help restaurants and other eligible

businesses keep their doors open


What is a COVID-19 EIDL?

The COVID-19 Economic Injury Disaster Loan (EIDL) provides economic relief to small businesses and nonprofit organizations that currently experiencing a temporary loss of revenue.

For more information, including eligibility criteria, visit www.sba.gov/eidl

How do I use a COVID-19 EIDL?

• For necessary working capital and normal operating expenses

Example: Continuation of health care benefits, rent, utilities, and fixed debt payments

Terms & Maturity:

• The interest rate is 3.75% (fixed) for businesses and 2.75% (fixed) for non profits

• Up to 30 years• No pre-payment penalty or fees

Max loan amount (loans as of 4/6/21)

24-months of economic injury with a maximum loan amount of $500,000

Collateral requirements

• Required for loans over $25,000• Real estate is the preferred

collateral. Loans of $200,000 or less will not require the owner of the business to use their primary residence as collateral if it is determined the owner has other assets of equal quality and a value equal to or greater than the amount of the loan


What is a Shuttered Venue Operators Grant (SVOG)?

The SVOG is a grant program that provides emergency assistance for eligible venues affected by COVID-19. The program includes over $16 billion in grants.

For more information, including eligibility criteria, visit www.sba.gov/svogrant

Max grant amount

For businesses in operation:• As of 1/1/19, grants will be for

an amount equal to 45% of 2019 gross earned revenue OR $10 million, whichever is less.

• After 1/1/19, grants will be average monthly gross earned revenue for each full month in operation during 2019 X 6 or $10 million, whichever is less

Who can apply?

Eligible entities include:

• Live venue operators or promoters• Theatrical producers• Live performing arts organization

operators• Relevant museum operators, zoos and

aquariums who meet specific criteria• Motion picture theater operators• Talent representatives• Each business entity owned by an eligible

entity that also meets the eligibility requirements

What eligible expenses can my grant be used for?

• Payroll costs• Rent payments• Utility payments• Scheduled mortgage payments• Scheduled debt payments • Worker protection expenditures• Payments to independent contractors• Other ordinary and necessary business expenses,

including maintenance costs• Administrative costs • State and local taxes and fees• Operating leases in effect as of February 15, 2020• Insurance payments• Advertising, production transportation, and capital

expenditures related to producing a theatrical or live performing arts production.

http://www.sba.gov/svogrant


What is a Restaurant Revitalization Fund (RRF)?

Program that provides emergency assistance for eligible restaurants, bars, and other qualifying businesses impacted by COVID-19.

For more information, including eligibility criteria, visit www.sba.gov/restaurants

Max/Min funding amount

Funding up to $5 million per locations, not to exceed $10 million total for the applicant and any affiliated business.

The minimum award is $1,000

Who can apply?

Eligible entities include:

• Restaurants, food stands, food trucks, & food carts

• Caterers• Bars, saloons, lounges, taverns• Snack and nonalcoholic beverage bars• Bakeries*• Brewpubs, tasting rooms, taprooms*• Breweries and/or microbreweries*• Wineries and distilleries*• Inns* • Licensed facilities or premises of a beverage

alcohol producer where the public may taste, sample, or purchase products

* Onsite sales to the public comprise at least 33% of gross receipts

What eligible expenses can my grant be used for?

• Business payroll costs (including sick leave)• Payments on any business mortgage obligation• Business rent payments (note: this does not include

prepayment of rent)• Business debt service (both principal and interest;

note: this does not include any prepayment of principal or interest)

• Business utility payments• Business maintenance expenses• Construction of outdoor seating• Business supplies (including protective equipment

and cleaning materials)• Business food and beverage expenses (including

raw materials)• Covered supplier costs• Business operating expenses


How do I apply for a SBA loan or grant?

Program Where to apply Application dates Site

7(a) Loan Through M&T Anytime Contact your local banker for assistance, schedule an appointment or call our Telephone Contact Center at 1-800-724-6070

COVID-19 EIDL Through SBA Application deadline is December 31, 2021

www.sba.gov/eidl

SVOG Through SBA Now available www.sba.gov/svogrant

RRF Through SBA Check sba.gov for details www.sba.gov/restaurants

https://www04.timetrade.com/app/mtcorp/workflows/mtcorp-LPA/schedule?&ch=EMBAU

https://www.sba.gov/funding-programs/loans/covid-19-relief-options/covid-19-economic-injury-disaster-loan


http://www.sba.gov/restaurants



Program Where to apply Application dates Site

7(a) Loan Through M&T Anytime Contact your local banker for assistance, schedule an appointment or call our Telephone Contact Center at 1-800-724-6070

COVID-19 EIDL Through SBA Application deadline is December 31, 2021

www.sba.gov/eidl

SVOG Through SBA Now available www.sba.gov/svogrant

RRF Through SBA Check sba.gov for details www.sba.gov/restaurants

https://www04.timetrade.com/app/mtcorp/workflows/mtcorp-LPA/schedule?&ch=EMBAU

https://www.sba.gov/funding-programs/loans/covid-19-relief-options/covid-19-economic-injury-disaster-loan


http://www.sba.gov/restaurants


Disclosure

This content is for informational purposes only and is subject to change. It is not designed or intended to provide financial, tax, legal, investment, accounting, or other professional advice since such advice always requires consideration of individual circumstances. If professional advice is needed, the services of a professional advisor should be sought.

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