The $2 trillion economic stimulus package (the CARES Act) just signed in to law 3/27/20 includes 6 months of debt forgiveness for borrowers with existing SBA 504 loans. This is not a deferment, but actual debt forgiveness. For existing SBA 504 loans, all principal, interest, and fees are covered for 6 months. New loans that fund within the next 6 months will also have their principal, interest, and fees paid by SBA for 6 months, starting with the next payment.

If you are an existing Capital Access Group client, we want you to know that we have all hands on deck working to give you immediate relief as you find the best way to get your business through these difficult times. While the funds have been approved, the SBA is currently working to determine how the CARES Act (which includes Debt Forgiveness and the Paycheck Protection Program) will be implemented, and we do not yet have any guidance as to how the new programs will work, when they will be in place, or what will be required from borrowers.

PLEASE NOTE: Organizations stating that they know what the new system is and how it will work, are strictly speculating. That speculation may be well informed, based on the legislation, but please note that we will continue to provide updated information on this page as it becomes available.

Due to the very dynamic nature of this situation, programs and requisite information may change, but we will continue to post updates here as soon as new information becomes available. Please continue to check back here for the latest information. If you have any immediate concerns, please contact us at

In the meantime, to learn more about the programs and initiatives in the CARES Act, this Small Business Owner’s Guide to the CARES Act provides information about the major programs and initiatives that will soon be available from the Small Business Administration to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, and this guide provides an overview of the programs.


We understand the challenges small businesses are facing due to COVID-19. If you are an existing Capital Access Group client, we want you to know that we have all hands on deck working to give you immediate relief as you find the best way to get your business through these difficult times. Supporting your business during this unprecedented time is our top priority.

Below you will find information on:

  • Our Quick Deferral Program – for Capital Access Group clients only
  • The SBA Disaster Loan Program – for all small business owners


We have designed a temporary monthly loan payment deferral program for existing clients whose businesses are being impacted by COVID-19. The program provides reduced loan payments for up to six months to help cover operating costs.

To apply:

Please send the following to, or contact us if you would like us to send a filesharing link:

  • A detailed letter outlining the impact COVID-19 has had on your business
  • Specify if your business is currently open or if it has been closed due to a government mandate or other reason
  • Specify whether you are currently paying employees
  • Basic operating projections for one year following the end of COVID-19 impact
  • Please outline your plan to help your business recover if COVID-19 is contained in your area within 90 days
  • 12-31-19 and interim financial statements (P&L and Balance Sheet) for most recent month-end (2-29-20 or later) and 2019 Federal Tax Returns when available
  • Personal Financial Statement (SBA Form 413)
  • Business Debt Schedule

What to expect:

  • We will do our best to get back to you with an answer or request for any additional information needed as quickly as possible. Please note that we are receiving a large volume of requests and are doing our best to turn them around quickly.
  • If approved, the total amount that was deferred during the period will be amortized into your payments of up to the next ten years in order to minimize the monthly payment increase.



PLEASE NOTE: These loans are not available through Capital Access Group. Businesses must apply through the SBA directly.

The SBA plans to make working capital loans available to small businesses that have been negatively impacted by COVID-19 through their Disaster Loan program. If you need working capital to cover operating expenses, we encourage you to explore this option.

To apply:

  • Apply online here.
  • Update: The link posted above has been updated as of 4pm PST on 3/25/20, and will direct you to a new online application system. We have been informed that the SBA’s Disaster Loan website has been experiencing technical issues with the previous online application system, which they are working to resolve currently. Please use the link above, and we will continue to update information here as it becomes available.

What to expect:

  • These loans offer great rates and terms, 3.75% fixed for 30 years, which is lower than a standard business loan rate and a long amortization period means payments will be low.
  • Please note: Capital Access Group provides SBA 504 loans only, and we are not able to provide SBA Disaster loans or assist you with your application.