Covid-19 Relief and Recovery Updates

Tennessee District Office 

u s small business administration

SBA Coronavirus Funding Options

paycheck protection program, PPP

Updated PPP Applications and Guidance for Sole Proprietors

On March 3, 2021, SBA published updated guidance reflecting the new changes to the Paycheck Protection Program.

This interim final rule allows individuals who file an IRS Form 1040, Schedule C to calculate their maximum loan amount using gross income, removes the eligibility restriction that prevents businesses with owners who have non-financial fraud felony convictions in the last year from obtaining PPP loans, and removes the eligibility restriction that prevents businesses with owners who are delinquent or in default on their Federal student loans from obtaining PPP loans.

Interim Final Rule

First Draw application

First Draw application for Schedule C Filers

Second Draw application

Second Draw application for Schedule C Filers

Finding a PPP Lender: Search for lenders in your area


How to Calculate First Draw PPP Loan Amounts and What Documentation to Provide - by business type (updated 03-12-21)

Frequently Asked Questions for Lenders and Borrowers (updated 03-12-21)

Second Draw PPP Loans: How to Calculate Revenue Reduction and Maximum Loan Amounts Including What Documentation to Provide (updated 03-12-21)


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. 


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, 2022.

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.


Video Tutorials: