Small Businesses Hurt by Coronavirus May Be Eligible for Low-Cost Loans
Congress passed an $8.3 billion legislative package on March 4 to help combat the coronavirus. The measure includes a provision that enables the Small Business Administration (SBA) to make an estimated $7 billion in low-cost loans to affected small businesses. The SBA can issue an Economic Injury Disaster Loan declaration upon the request of a state or territory governor. View more details here.
What businesses are eligible for Economic Injury Disaster Loans?
These loans are available to businesses that have suffered substantial economic injury, are unable to obtain credit elsewhere, and are defined as small by SBA size regulations. Loan proceeds can only be used for working capital necessary to enable the business or organization to alleviate the specific economic injury and to resume normal operations.
Small business owners that have been effected by the coronavirus are advised to visit the SBAs website for more information on how to apply for a disaster loan.
Latest from NAHBNow
Housing Affordability
Nov 07, 2025
NAHB Leaders Discuss Obstacles to Home Building at U.S. Chamber Housing SummitIn partnership with NAHB, the U.S. Chamber of Commerce on Nov. 6 hosted a daylong housing summit that included several panel discussions featuring members of Congress, industry leaders, and state and local officials that focused on how to resolve the housing affordability crisis and boost the housing supply.
Membership Recruitment and Retention
Nov 07, 2025
How NAHB is Thanking Top RecruitersNAHB's Fall Recruitment Competition and IBS perks are among the ways all recruiters are being appreciated for their efforts.
Latest Economic News
Economics
Nov 07, 2025
Which Local Markets Track National Trends the Most: 2024 Multifamily MAIFollowing the release of the 2024 single-family MAI last week, the National Association of Home Builders developed the Multifamily Market Association Index (MAI) to measure how closely multifamily building permits in metro areas follow national patterns.
Economics
Nov 06, 2025
Multifamily Developer Confidence Increases in Third Quarter, But Still in Negative TerritoryThe Multifamily Production Index (MPI) had a reading of 46, up six points year-over-year, while the Multifamily Occupancy Index (MOI) had a reading of 74, down one point year-over-year.
Economics
Nov 05, 2025
Bedrooms in New Single-Family Homes in 2024Three-bedroom single-family homes reached their largest share of starts since 2011 and remained the most prevalent number of bedrooms among new homes.