In accordance with the Leon Guerrero-Tenorio Administration’s Temporary Economic Assistance and Mitigation (TEAM) Guam Plan, small businesses in need of cash flow assistance due to the impact of the 2019 Novel Coronavirus (COVID-19) can now apply for loans with deferred initial payments of ninety (90) days through the Guam Economic Development Authority (GEDA) State Small Business Credit Initiative (SSBCI) program and the Guam Development Fund Act (GDFA) program.
If you are an interested small business seeking information on eligibility requirements for the SSBCI program and how to apply, please contact our SSBCI program participating lenders:Kevin Camacho | Bank of Guam | 671-472-5165
Byron Evaristo | Bank Pacific | 671-479-1179
Michael Finona | Community First Credit Union | 671-472-8210
If you are interested in the GDFA program, please contact Tria Paulino at 647-4332 or via email at [email protected].
Please email your completed application form and the documents required in the checklist to [email protected]
Press Release - GEDA Offers Small Business Loans with First Payments Deferred for Ninety (90) Days.
- Centers for Disease Control and Prevention - Coronavirus Disease 2019 (COVID-19)
- Centers for Disease Control and Prevention - Coronavirus Disease 2019 (COVID-19) - Interim Guidance for Businesses and Employers
- U.S. Department of Labor - Coronavirus Resources
- U.S. Internal Revenue Service - Corona Tax Relief
- Governor's Physician Advisory Group - Guam's COVID-19 Trajectory
- U.S. Small Business Administration - Coronavirus (COVID-19): Small Business Guidance & Loan Resource
- National Small Business Association - Resources for Small Business on COVID-19
- The Right Place - COVID-19 Business Updates
- World Health Organization - Coronavirus Disease (COVID-19) - Events as They Happen
- World Health Organization - Novel Coronavirus (2019-nCoV) Situation Reports
- Center for Systems Science and Engineering at Johns Hopkins University - Coronavirus COVID-19 Global Cases