PPP loans are ending. Here’s where small businesses can turn now

The Paycheck Protection Program is ending, meaning ailing small businesses will need to look elsewhere for funding.

But where to turn?

While there are other options that may be of help to entrepreneurs during the coronavirus-induced downturn, they are limited and may not carry favorable terms for borrowers, according to experts.

1. Alternative loans offered by the SBA such as “The Economic Injury Disaster Loan” program, the 7(a) program and the 504 loan program.
2. The Main Street Lending Program by the Federal Reserve for small.
3. Bank loan or line of credit.