Small Business Relief Center

SBA 7(a)

Retain staff with the Paycheck Protection Plan

SBA 7(a)
Standard Loans

Standard and Express options available

SBA 7(b)
EIDL Loans

Disaster relief for businesses with reduced revenue

Need Immediate COVID-19 Relief ? We Help Small Businesses Survive Difficult Times

The Federal Government is moving at a fairly fast pace to build and launch relief programs to help members of the small business community.  The suggestions of what to provide have been many, and the changes in proposals and existing programs have been rapid, making it hard for businesses owners to keep up with and understand the federal resources available to them at this time.

What SBA Programs are Available?

SBA 7(a) CARES Paycheck Protection Program Loans

Status: President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) into law on March 27, 2020.


Basic Overview:  The SBA 7(a) CARES Paycheck Protection Program loans are a proposed expansion of the existing SBA 7(a) Standard Loan program.  There are five primary differences between a SBA 7(a) Standard Loan and the SBA 7(a) CARES Paycheck Protection Program loans:


  1. Loan Amount Increase: Loan amounts are increased from the standard $5 Million to $10 million
  2. Expansion of Allowable Uses: The use of funds acquired through a SBA 7(a) CARES Paycheck Protection Program loan can be used to cover payroll cost, rent payments or mortgage interest, and utility payments.
  3. Principal Forgiveness: Of all existing SBA loan options available, the 7(a) CARES Paycheck Protection Program Loans are the only ones that provide an option for 100% principal forgiveness when specific requirements are met. Meaning these loans may be available at close to no cost to some businesses.
  4. Deferred Payments: All payments on SBA 7(a) CARES Relief Loans will be deferred for 6 months.
  5. Loosened Risk Requirements: the 7(a) Cares Paycheck Protection Program loans require no personal guarantees or collateral and have no minimum FICO requirements.

Gold Card Capital is working with SBA approved lenders to rapidly process applications for these loans as soon as they become available

SBA 7(b) Economic Injury Disaster Relief Loans (EIDL)

Status:  Active; Accepting Applications from Small Businesses


Basic Overview: The SBA 7(B) EIDL Loans are low-interest, fixed-rate loans available to all businesses and private non-profits who show an economic impact as a result of disasters like COVID-19.  These loans are available in amounts up to $2 Million dollars, but the amount a business will qualify for is dependent on the degree of economic injury sustained. There is also an option to apply for an Economic Injury Disaster Loan advance of up to $10,000 which will not have to be repaid.


You must apply for a loan under this program directly through the SBA 

SBA Standard Loan Programs, Including the SBA 7(a) Standard Loan

Status:  Active; Accepting Applications from Small Businesses


Basic Overview: All SBA loan programs, including the popular SBA 7(a) Standard Loan and 504c Loan Programs that existed prior to the COVID-19 global pandemic and its subsequent relief efforts, are still running and actively accepting applications.  All requirements and conditions that existed within these programs prior to these relief efforts are applicable.


Gold Card Capital is working with SBA approved lenders to expedite applications

ELIGIBILITY– US based businesses
– Operating on February 15th, 2020
– 500 or less employees, or the employee limit governed by NAICS code
– Can certify economic impact due to COVID-19
– US based businesses
– Economic hardship due to COVID-19 can be shown via a decline in revenue
– US based businesses (for profit only)
– Minimum personal credit score of 680
– Establishment of business credit
– Minimum of 2 years in business
– Business is profitable
CALCULATION ON FUNDING AMOUNT2.5 X your prior average monthly payrollDependent on loss incurred due to COVID-19Dependent on application
MAXIMUM AMOUNT$10,000,000$2,000,000$5,000,000
MAXIMUM TERMNo payment for the first 6 months
Term up to 2 years
Up to 30 yearsUp to 25 years
MAXIMUM INTEREST1%3.75%Prime + 3.7%
(Current prime is 3.25%)
CAN BE COMBINED WITH– Standard 7(a) loan (if obtained before 2/15/2020)
– EIDL 7(b) loan
– Physical Disaster Loans with a maximum combined amount of $2,000,000
– CARES 7(a) Paycheck Protection Plan
– Standard 7(a) loan
– EIDL 7(b) loan
CANNOT BE COMBINED WITH– Standard 7(a) loan if obtained after 2/15/2020
– New Standard 7(a) loan application
– An existing CARES 7(a) Paycheck Protection Plan loan
APPLICATION SUPPORTING DOCUMENTS– Payroll documentation showing number of employees and amounts spent over last 12 months
– 3 months of business bank statements
– Transcripts from payroll taxes paid
– Most recent Federal Tax Return
– Year end profit and Loss statement
– A current year to date Profit and Loss statement
– Monthly break down of sales figures
– Business financials relevant to the past 90 days (balance sheet)
– Debt schedule or purchase contract
– Past 2 years of business tax returns
– Past 2 years of personal tax returns

Learn more about Gold Card Capital today. Please call for any free analysis/consultation on 1-855-479-9380 or send an email to