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Headway Capital is not accepting PPP loan applications. If you want to apply for a PPP loan, we recommend working with one of our trusted partners. Apply for PPP through our partner.

COVID-19 Small Business Resource Center

We’re here to help keep you informed of the latest COVID-19 information and government assistance programs. We’ve also updated our FAQ page to address your questions.

Federal Assistance

COVID-19 continues to present financial challenges for many small businesses. To provide relief, the government recently passed the Consolidated Appropriations Act, 2021. This new bill has extended the Paycheck Protection Program (PPP) and enhanced other existing relief programs provided under the CARES Act. It also includes new forms of relief for businesses.

Paycheck Protection Program

On January 11, 2021, the Small Business Administration (SBA) restarted the Paycheck Protection Program (PPP). The expanded program provides more than $284 billion in forgivable PPP Loans for both existing and new borrowers, extending relief to March 31, 2021.

The following types of businesses and entities are eligible for a First Draw PPP Loan:

  • Businesses with 500 or fewer employees
  • Entities that meet the SBA industry-based size guidelines for small businesses
  • Nonprofits, sole proprietorships, self-employed individuals, independent contractors (e.g., gig economy workers) as well as tribal and veteran organizations that meet the above criteria

For more information on the program, please visit SBA.gov.

Additional Relief for Small Businesses

Economic Injury Disaster Loan (EIDL) Program

Businesses that have been impacted by COVID-19 can still apply for a low-interest disaster loan from the SBA. Learn more about the EIDL program.

Employee Retention Tax Credit

To help keep employees on your payroll, your business may be eligible for a tax credit equal to 50% of up to $10,000 in wages. For more information, visit IRS.gov.

Local Assistance
Programs

Many local programs are offering financial help to businesses affected by COVID-19. See what’s available in your area.

A Savings Opportunity for You, Your Business and Your Employees

Helpful COVID-19 Posts From The Headway Capital Blog

State Assistance