SBA Loans For Businesses Affected by Coronavirus. 

The SBA is making loans to small business owners whose businesses are being decimated by the ongoing coronavirus crisis. The loan is for up to $2 million per entity per disaster at a maximum interest rate of 3.75%. The loans are only for keeping small businesses afloat and cannot be used for any other purpose, such as refinancing an existing SBA loan. The SBA is working to make repayment terms as easy as possible.