SBA’s COVID-19 Resources Broken Down for Clarity

Who are Eligible Businesses?

Many people in our industry work under payrolls, both union and non-union. Some in our industry on the other hand are businesses. From sole-proprietorships and independent contractors to C- and S-Corporations, these entities also need economic help. They may need it in order to stay open until this epidemic has run its course, and in other situations they need it just to keep employees off of unemployment and still being productive. Here is what we’ve put together. We are not professional consultants but wanted to share what we have come across to help inform others.

The SBA, the government entity known as the US Small Business Administration, has created a website dedicated to Coronavirus Relief options. This page has a wealth of information, though it can be a little muddy to sift through:

SBA’s Coronavirus Relieft Options

There are four new kinds of assistance available beyond the traditional SBA funding programs established from the CARES Act to address the economic repercussions of the COVID-19 outbreak on businesses.

Some have reported that EIDL response has been faster than from PPP. It has also been reported that what you receive from EIDL may be deducted from the PPP loan.

The SBA has put together materials to help businesses get the information they need.

Paycheck Protection Program

According to the page dedicated to this program:

“The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.
SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities…”

Applications for the Paycheck Protection Program can be downloaded at the bottom of this dedicated page as a PDF. Fill out the application and then once completed click the provided link to “FIND A LENDER”. **It is recommended to reach out to local and community banks as some banks such as Wells Fargo have stated they are halting the acceptance of applications due to volume.

** NOTE: Some sources have recommended using smaller lenders such as community banks, where they have “…already successfully completed loans.

Economic Injury Disaster Loan (EIDL) Emergency Advance

According to the page dedicated to this program:

“In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available following a successful application. This loan advance will not have to be repaid.”

To apply for this businesses must meet some basic requirements but according to the page should include “…any small business with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons)…”

Click through to their page, there is a link at the bottom to apply for an EIDL advance after answering a series of questions including annual revenue and cost of goods along with basic contact information and more.

SBA Express Bridge Loans

According to the page dedicated to this program:

“Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.”

If you have an existing relationship with an SBA Express Lender you can quickly open access to up to $25,000 to be used to bridge the gap while applying for a direct SBA EIDL loan. This is designed to help businesses that have an urgent need for cash and are awaiting approval and disbursement of the EIDL.

SBA Debt Relief

Through an assortment of additional programs the SBA can help struggling businesses through various additional means. From paying current 7(a), 504 and microloans for up to 6 months all the way to deferment programs. Check out this page for additional details.


What if I’m not a business?

Then you need to apply for EDD, or whatever your local unemployment insurance department is. If you are still having trouble check out this list put together by Local 800:

Coronavirus Resources and Updates

Local 800 will have a webinar coming up on Thursday, April 9th, 2020 for entertainment industry professionals.


This is a difficult time for many people and businesses, directly affecting our livelihoods and will shape the future of the entertainment industry as a whole. If you come across more information that you believe may be beneficial to the businesses our industry’s foundation is built on you can forward it to press@debbiesbook.com where it can be reviewed and potentially added to this page.

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