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Federal and State Government Resources Related to COVID-19

Disclosure: The programs listed below are not offered or endorsed by PayPal and are provided for informational purposes to assist you during this difficult time. Please visit the pages listed below for the most up to date information.

April 30, 2020

We’ll be updating this page with the latest programs and resources being made available for small businesses impacted by COVID-19.

U.S. Federal Government Updates and Loans

On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) was signed into law.

PayPal is now participating in the Paycheck Protection Program component of the Act to help make small business loans available to approved borrowers impacted by the COVID-19 pandemic.

The Program aims to help small businesses cover operating expenses and keep employees on the payroll. Additional funding has also been allocated to the Paycheck Protection Program and EIDL as of April 24th, 2020. 

If your business is based in the US, and you’re interested in the Paycheck Protection Program loan through PayPal,1 you can learn more here.

U.S. State and City Government Updates and Loans (in alphabetical order)

State and city governments have stepped in to support small businesses. Check your city and state government websites to learn what options are available to you.



  • Los Angeles has created a Small Business Emergency Microloan Program. Loans are for $5,000 to $20,000. Check eligibility, required documentation, and loan terms here. Loan application link here.
  • City of Sacramento: The City of Sacramento has established an emergency economic relief loan program to provide zero-interest loans up to $25,000. Check eligibility here and apply here.
  • San Francisco has established the Small Business Resiliency Fund an initial $1M fund to issue $10K grants to microbusinesses. Check eligibility requirements and apply here.


  • Delaware is assisting hospitality-related businesses that have been economically impacted by COVID-19. The Division of Small Business is launching the Hospitality Emergency Loan Program (HELP), which will provide no-interest loans of up to $10,000 per business per month. The program is open to businesses with less than $1.5 million in annual revenue that have been in business and operating with revenue for at least 12 months. To be eligible, your business must operate in one of these four-digit NAICS industry codes: 3118, 3121, 4871, 4872, 4879, 7111, 7112, 7113, 7121, 7131, 7139, 7211, 7223, 7224, 7225. Access application here.


  • State of Florida: The Florida Small Business Emergency Bridge Loan Program is providing eligible small businesses loans up to $50,000 with zero interest in the first year, then 12% after. Check eligibility here and download application here.


  • The State of Illinois is making near-zero rates loans available to Illinois small business and non-profits negatively affected by the COVID-19 pandemic. Eligible Illinois businesses or non-profits must: (1) have been shut down or limited due to COVID-19; (2) have less than $1 million in liquid assets or $8 million average annual receipts (per SBA standards); and (3) be headquartered in the state of Illinois or agree to use the funds in Illinois. Get more details, and apply here.
  • Three new programs have been made available for small businesses seeking financial relief.
    • The Illinois Small Business Emergency Loan Fund offers $60 million in low-interest loans of up to $50,000 for small business in every industry outside of Chicago
    • The Downstate Small Business Stabilization Program offers $20 million in grants of up to $25,000 to small businesses served by the Department of Financial and Professional Regulation
    • The Hospitality Emergency Grant Program is a $14 million grant program to help small hospitality businesses, providing $25,000 to eligible bars and restaurants and up to $50,000 for eligible hotels.

Find information on these here.


  • The State of Massachusetts is making low-interest loans available to affected small businesses. Loan program details here and application here. Send completed applications to with the subject line “2020 Small Business Recovery Loan Fund”.
  • As of 12:30 PM on March 19th, 2020, the U.S. Small Business Administration’s Economic Injury Disaster Loan (EIDL) program is no longer accepting applications from Massachusetts businesses due to the availability of EIDL funds.


  • The Michigan Small Business Relief Program will provide up to $20 million in support for small businesses negatively impacted by COVID-19. The funding is divided between $10 million in small business grants and $10 million in small business loans. Funds for the program are expected to be available no later than April 1, 2020.


  • The Minnesota Department of Employment and Economic Development (DEED) will establish a Small Business Emergency Loan program for small businesses affected by the COVID-19 pandemic. Loans are interest-free and amounts range from $2,500 to $35,000. See loan terms, eligibility, and application instructions here.

New York

  • New York City is providing a zero percent interest loan up to $75K to small businesses, and grants to micro businesses to cover 2-months of payroll expenses. Complete this loan form if you’re interested in receiving more loan assistance information.


Washington, DC

  • COVID-19 Response Emergency Amendment Act of 2020 was passed unanimously and signed by Mayor Bowser on March 17. The emergency Act is effective for 90 days. Included are amendments to existing law to create a Public Health Emergency Grant Program for small businesses. 

1The lender for the Paycheck Protection Program loan through PayPal is WebBank, Member FDIC.


The resources, support, and information you need.
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The resources, support, and information you need.


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