The Internal Revenue Service (IRS) and the Small Business Administration (SBA) are working directly with states, including Arizona, to provide a Paycheck Protection Program, other low interest loan options, and employee retention credits to small businesses that have been severely impacted by the COVID-19 outbreak. 

The Small Business Administration also continues to assist small businesses with counseling and navigating their own preparedness plans. More info on the Paycheck Protection Program and other options such as low interest disaster loans can be found by visiting the SBA website

The SBA’s Phoenix District Office is available to answer any questions you may have. You can reach them at either 602-745-7200 or through their website.

You can also contact the SBA disaster assistance customer service center at 1-800-659-2955 (TTY: 1-800-877-8339) or by e-mail at

Paycheck Protection Program

With the signing of the CARES Act, the Paycheck Protection Loan Program was created through the Small Business Administration (SBA). This program will provide cash-flow assistance through 100 percent federally guaranteed loans to employers who maintain their payroll during this emergency. If employers maintain their payroll, the loans will be forgiven.

The Paycheck Protection Program Flexibility Act of 2020, which became law on June 5, 2020, extended the covered period for loan forgiveness from eight weeks after the date of loan disbursement to 24 weeks after the date of loan disbursement, providing substantially greater flexibility for borrowers to qualify for loan forgiveness.

Economic Injury Disaster Loan Emergency Advance

The SBA’s Economic Injury Disaster Loan provides vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing as a result of the COVID-19 pandemic. This program is for any small business with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organization or 501(c)(19) veterans organizations affected by COVID-19. Businesses in certain industries may have more than 500 employees if they meet the SBA’s size standards for those industries. The Economic Injury Disaster Loan advance funds will be made available within days of a successful application, and this loan advance will not have to be repaid.

  • To apply for a COVID-19 Economic Injury Disaster Loan and loan advance, click here.

SBA Express Bridge Loans

Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. If a small business has an urgent need for cash while waiting for decision and disbursement on an Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.
  • To learn more about the program and determine eligibility, click here.

SBA Debt Relief

As part of SBA's debt relief efforts, the SBA will automatically pay the principal, interest, and fees of current 7(a), 504, and microloans for a period of six months. The SBA will also automatically pay the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020. 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 December 31, 2020.

  • To learn more about the program, click here

IRS Employee Retention Credits

The Treasury Department and the Internal Revenue Service have launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.

  • For more information and answers to frequently asked questions, click here

Additional Resources for Small Businesses 

Small Business Administration

Internal Revenue Service

Maricopa County Public Health

Testing Resources for Businesses 

  • LabCorp launched return to work services for employers to have access to testing options for their employees. These include at-home collection test kits, fingerstick antibody blood tests, and in the fall, flu vaccination services. For more information, click here

Additional Resources for Non-Profits

  • For information on self-insured nonprofits and unemployment insurance from the National Council of Nonprofits, click here
  • For information on loans available to nonprofits in the CARES Act from the National Council of Nonprofits, click here
  • For a how-to on how nonprofits can utilize new federal laws dealing with COVID-19, click here

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