Share This Page

New SBA and Treasury Programs Available for Small Business Relief

April 02, 2020 / Source: FDIC

Financial Institution Letters

April 2, 2020

New SBA and Treasury Programs Available for Small Business Relief

Printable Format:

FIL-33-2020 - PDF (PDF Help)


The FDIC is advising financial institutions of multiple forms of relief available in the Coronavirus Aid, Relief, and Economic Security (CARES) Act to small businesses through programs administered by the Small Business Administration (SBA). The U.S. Department of the Treasury (Treasury) also offers small business loan programs. The FDIC encourages financial institutions to consider using these programs in a prudent manner as they actively work with small business borrowers with less financial flexibility to weather near-term operational challenges due to the Coronavirus Disease 2019 (referred to as COVID-19).

Statement of Applicability to Institutions under $1 Billion in Total Assets: This Financial Institution Letter (FIL) applies to all FDIC-supervised institutions.



  • The FDIC encourages financial institutions to consider the relief available to small businesses through new programs administered by the SBA, and more fully described at
  • These SBA programs include:
    • The Economic Injury Disaster Loan program under Section 7(b) of the Small Business Act, which provides funds to small businesses to cover economic injury resulting from the disaster, such as a loss of revenue; and
    • The Paycheck Protection Program, which provides loans to encourage certain qualified small businesses to retain employees through the COVID-19 pandemic and includes loan forgiveness subject to certain conditions.
  • The SBA is streamlining its processes to enable more financial institutions to use these programs for small business borrowers affected by COVID-19.
  • Beginning April 3, 2020, the FDIC will post on our Coronavirus (COVID-19) webpage updated program information from the SBA for financial institutions that want to learn how to access its new programs.
  • Information regarding the Treasury's small business loan programs is available at
  • The FDIC will not criticize financial institutions' good faith efforts to prudently use the SBA and Treasury programs to work with small business borrowers affected by COVID-19.


  • FDIC-Supervised Banks

Suggested Routing:

  • Chief Executive Officer
  • Chief Credit Officer
  • Chief Risk Officer

Related Topics:



Access FDIC Financial Institution Letters (FILs) on the FDIC's website

Subscribe to receive FILs electronically

Paper copies of FDIC FILs may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (877-275-3342 or 703-562-2200).