Covid-19 Relief and Recovery Updates

Tennessee District Office 

u s small business administration

SBA Coronavirus Funding Options

paycheck protection program, PPP

Paycheck Protection Program (PPP) Updates

The SBA opens a 14 day period today during which only businesses with fewer than 20 employees can apply for Paycheck Protection Program (PPP) relief. Sole proprietors, independent contractors, and self-employed individuals will receive more financial support. New revised PPP calculation formula for these entities coming soon to Paycheck Protection Program (

PPP loan funds can be used for:

  • Payroll Costs Including Benefits 
  • Mortgage Interest
  • Rent
  • Utilities 
  • Worker Protections Costs 
  • Certain Supplier Costs
  • Expenses for Operations

Eligible Entities for First Draw Loans:

  • Small entities, that together with their affiliates (if applicable), have 500 or fewer employees (including nonprofits, veterans organizations, tribal business concerns, self-employed individuals, sole proprietorships, and independent contractors)
  • Entities with more than 500 employees in certain Industries that meet SBA’s Alternative Size Standard or SBA’s Size Standards for those particular industries 

Eligible Entities for Second Draw Loans:

  • Small entities with no more than 300 employees
  • Entities that demonstrate at least a 25% reduction in gross revenues between any comparable quarters in 2019 and 2020

Guidance: Paycheck Protection Program (

                  First Draw PPP Loans (   

                  Second Draw PPP Loans (


New Application Forms:  PPP First Draw Borrower Application Form 

                         PPP Second Draw Borrower Application Form (

 (Please note that applications are submitted through a PPP lender)

Finding a PPP Lender 


PPP Forgiveness Update 

Guidance & Forms at: PPP Loan Forgiveness ( 

or Treasury Department PPP home page

  • Interim Final Rules on Forgiveness 
  • Forgiveness Forms and Instructions
  • Frequently Asked Questions on Forgiveness

Effective immediately, SBA will no longer deduct EIDL Advances from forgiveness payments remitted to PPP lenders.

New: For Borrowers with a PPP of $150,000 or Less, Streamlined Forgiveness  Application Now Available-Form 3508S

Note:  Borrowers should work with their PPP lenders on forgiveness.



Economic Injury Disaster Loan (EIDL)

In response to the Coronavirus (COVID-19) pandemic, small business owners, including agricultural businesses, and nonprofit organizations in all U.S. states, Washington D.C., and territories can apply for an Economic Injury Disaster Loan. The EIDL program is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue due to COVID-19.

Guidance & Information 

Deadline to Apply has been extended to December 31, 2021

EIDL Inquiries:

For questions regarding an EIDL application, please be aware that the SBA Tennessee District does not have access to the disaster loan database. Inquiries should be directed to:




Targeted EIDL Advance

COVID-19 Targeted EIDL Advance was signed into law on December 27, 2020, as part of the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act. The Targeted EIDL Advance provides businesses located in low-income communities with additional funds to ensure small business continuity, adaptation, and resiliency. The SBA has started emailing small businesses that received and EIDL Advance in 2020 from $1,000 to $9,000 with an invitation to apply for this relief.

Guidance and Information

Frequently Asked Questions 

New Mapping Tool: PolicyMap - Dig Deeper


Debt relief

SBA Debt Relief 

SBA extends a crucial lifeline to borrowers impacted by COVID-19 with debt relief principal, interest, and any associated fees that borrowers owe for all current 7(a), 504, and Microloans. The Economic Aid Act revised the eligibility criteria for assistance to include all 7(a), 504, and Microloans approved up to September 27, 2020. All other provisions for initial debt relief remain the same. 

Borrowers need not apply for this assistance. 

Additional Debt Relief Assistance

For current SBA Serviced Disaster (Home and Business) Loans: If your disaster loan was in “regular servicing” status on March 1, 2020, the SBA is providing automatic deferments through March 31, 2021.

Guidance and Information


Shuttered Venue Operators Grant Program

Shuttered Venue Operators Grant (SVOG)

The Shuttered Venue Operators (SVO) Grant program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, signed into law on December 27, 2020. The program includes $15 billion in grants to shuttered venues, to be administered by the SBA’s Office of Disaster Assistance.

Eligible applicants may qualify for SVO Grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees.

Guidance -Application and additional guidelines will be posted when available.

Shuttered Venue Operators Grants - FAQ ( Entity Registration Training - YouTube

Metro CARES Act Grants


Metro Nashville/Davidson County continues to offer Metro Cares Act grants. Pathway Lending is administering Metro CARES Act grants to support Nashville small businesses seeking financial relief from COVID-related interruptions.

For More Information, Go Here