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• The article explains how the coronavirus pandemic has impacted small businesses in the United States and their access to support programs.
• Small Business Administration (SBA) loan programs, such as the Paycheck Protection Program (PPP), have been essential for many businesses during the pandemic.
• However, some business owners have experienced a lack of access due to a variety of factors, including limited resources or knowledge on how to apply for loans.

Impact of COVID-19 on Small Businesses

The ongoing coronavirus pandemic has had a significant impact on small businesses across the United States. Many have suffered financially due to closures and restrictions imposed by local governments and health departments in response to rising cases of infection. In order to help these businesses stay afloat, the federal government has provided several support programs through the Small Business Administration (SBA).

Overview of SBA Loan Programs

The most popular program offered by the SBA is the Paycheck Protection Program (PPP). This low-interest loan program was designed specifically for small businesses affected by COVID-19 related shutdowns and restrictions. It provides funds that can be used to cover payroll costs, rent, mortgage payments and other bills critical for keeping businesses operating during this time. Other loan programs available through the SBA include Economic Injury Disaster Loans (EIDL) and Express Bridge Loans.

Barriers to Accessing Support Programs

Unfortunately, many small business owners have encountered barriers when trying to access loans from these programs. These obstacles can include limited resources or knowledge about how to properly complete an application or inadequate guidance from lenders who are unfamiliar with SBA loan requirements. Additionally, some businesses may not qualify for traditional loans because they don’t meet certain criteria set forth by banks or other financial institutions.

Available Resources

Fortunately, there are organizations that provide resources and assistance with navigating SBA loan applications. The Small Business Development Centers (SBDCs), Women’s Business Centers (WBCs) and Minority Business Development Centers (MBDCs) offer free counseling services that can help entrepreneurs understand which loans are best suited for their needs as well as what information is needed in order to apply successfully. Additionally, many online marketplaces exist which connect entrepreneurs with potential lenders who specialize in obtaining SBA funds quickly and efficiently for small business owners who meet all eligibility requirements.


Small businesses are one of the key drivers of our economy and it’s important that they receive adequate support during this difficult time so they can continue to operate successfully despite current challenges posed by the pandemic. By leveraging existing resources provided by organizations such as SBDCs/WBCs/MBDCs or utilizing online marketplaces, entrepreneurs can gain access to capital quickly while also ensuring they are meeting all necessary eligibility criteria before submitting applications for SBA loans such as PPP or EIDL funds .