Small Businesses Cash Flow Assistance Available With A Low Interest Loan Through SBA

Due to the impacts of COVID-19, small businesses and non-profits who have been severely affected are currently eligible to apply for low-interest loans. These loans are direct loans through the U.S. Treasury and not a bank or other financial institution.

The U.S Small Business Administration’s Economic Injury Disaster Loan (EIDL) program provides small businesses with working capital loans of up to $2 million that can give important economic support in times where they have experienced temporary loss of revenue.


  • Eligible entities may qualify for loans up to $2 Million Dollars
  • The interest rates for this disaster are 3.75% for small businesses
  • 2.75% for not profit organizations
  • Terms of the loan up to 30 years


These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred. The loans are NOT intended to replace lost sales or profits for expansion.

To apply for an SBA loan, you will need to complete the following:

  • Electronic Loan Application
  • Tax Authorization
  • Most recent Business Tax Return
  • Personal Financial Statement
  • Schedule of Liabilities
  • Other information as requested thru the SBA

FACT: Loans under $25,000 do not require collateralization.

That means that if you were to borrow $25,000 on an unsecured basis for up to 30 years at 3.75%, your estimated monthly payment would be approximately $116.00 per month, with the first payment starting one year from now. For some small businesses, this may help to cash flow your business in the short term.

*NOTE: This is an example used to develop understanding and not based any SBA approval data


For more information on the SBA’s Economic Injury Disaster Loans visit their website.

Michael Ashcraft, the senior area manager and PIO of the SBA’s Kentucky District office, detailed the low-interest federal disaster loans to Kentucky businesses for working capital to small businesses suffering substantial economic injury as a result of the COVID-19.

A recording and downloadable presentation can be viewed on the Kentucky Chamber’s website.

We are here to help you have access to assistance that will help secure the future of your small business.

At Field & Main we want you and your business to feel confident so we are here to help you have access to assistance that will help secure the future of your small business.

Apply for a loan through the SBA today!

Have questions? Call one of our Commercial Lenders today!

Evan Dixon | (270) 631-1045 | NMLS # 940075
Tonya Dryden | (859) 234-3585 | NMLS #770866
Jennifer Drennan | (859) 554-3663 | NMLS #686331
Bill Floyd | (270) 831-1527 | NMLS #785447
Kyle Fuller | (270) 631-1043 | NMLS #938258
Danny Garness | (270) 831-1668 | NMLS #967482
Geoff Gentil | (812) 402-7894 | NMLS #1751879
Tonya Knight | (270) 831-1524 | NMLS #785444
Daniel Smith | (270) 831-1638 | NMLS #469932

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