Small Business Administration Relief

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Because your community counts on you.


At Ameris Bank, we know that small businesses are the heartbeat of local economies. We’re working with the SBA to provide hardship relief loans to businesses. You’re not alone in facing these difficult times. 

The Coronavirus Aid, Relief and Economic Security (CARES) Act provides approximately $2.2 trillion of fiscal stimulus. As an SBA-preferred lender, we’re thankful for the opportunity to participate in this program and offer relief to our business customers.

Paycheck Protection Program (PPP)

Updated May 14, 2020, 11:55 A.M. ET

Thank you for your interest in the SBA Paycheck Protection Program. We are continuing to work through received applications; however, due to the limited funding we cannot guarantee that we will be able to process your application or that it will be approved by the SBA before this round of funding has been exhausted.

If you need help with additional financial needs or have any questions, please contact your local banker.

We greatly appreciate your continued partnership in this process, and we remain hopeful for continued health, safety and prosperity for all of our customers.

The Paycheck Protection Program, part of the new CARES stimulus package, is a federal loan program aimed at helping small businesses who have been severely impacted by COVID-19. The intent of the program is to provide loans to businesses impacted by the challenging economic environment. Payroll protection is a vital part of helping businesses find relief.

  • This program allows businesses to borrow up to $10 million (Loan Amount = Applicant’s average eligible monthly payroll expense x 2.5)

  • Covered payroll costs include salary, wages, payment of cash tips (up to an annual rate of pay of $100,000), employee group health care benefits, insurance premiums, retirement contributions and covered leave.

  • This loan has a maturity of 2 years and an interest rate of 1.00%.

  • The SBA fee is waived, there are no prepayment penalties, and collateral and personal guarantees are not required.

Economic Injury Disaster Loans (EIDL)

EIDL Loans can be used for operational expenses to keep your business functioning with rates capped at 3.75% for for-profit businesses and 2.75% for non-profits with loan amounts up to $2 million.

Use loan funds to:

  • Retain workers and maintain payroll

  • Make mortgage payments

  • Lease payments

  • Utility payments


If your small business is struggling to meet its obligations, you might be looking for some debt relief options. This program will provide immediate relief to small businesses with non-disaster SBA loans, in particular 7(a), 504 and microloans. Under it, SBA will cover all loan payments on these SBA loans, including principal, interest and fees for six months. This relief will also be available to new borrowers who take out loans within six months of the president signing the bill into law.

While the legislation has approved these funds, we are awaiting the details. When we have more information as to how quickly the SBA will take over making these payments and the process for this, we will post more information here.

This is not a complete description of all eligibility requirements. Additional program restrictions may apply. All loans are subject to credit approval.