small business loan

The U.S. Small Business Administration (SBA) has extended the deadline for small businesses and nonprofit organizations to apply for a COVID-19 pandemic economic injury disaster loan to Dec. 31, 2021, pending fund availability.

Loans are offered at terms including a 3.75% interest rate for small businesses and 2.75% for nonprofit organizations, a 30-year maturity and an automatic deferment of one year before monthly payments begin. All eligible organizations are encouraged to apply.

To date, SBA has approved $197 billion in low-interest loans, which provide U.S. small businesses, non-profits and agricultural businesses working capital funds, according to SBA. 

Learn more and apply for the loan at

Visit, the official federal resource website for U.S. small businesses affected by COVID-19.