The Guam Economic Development Authority released an Update to the CARES Act Selected Programs Presentation to include the SBA Paycheck Protection Program Interim Final Rules just released on April 6, 2020. The Guam Economic Development Authority released the Corona Aid, Relief, and Economic Security (CARES) Act Selected Programs Presentation. The Guam Economic Development Authority released the COVID-19 Economic Relief Initiatives Presentation.

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 tria.paulino@investguam.com.

Please email your completed application form and the documents required in the checklist to tria.paulino@investguam.com

Press Release - GEDA Offers Small Business Loans with First Payments Deferred for Ninety (90) Days.

TEAM Guam Loan Comparison

TEAM Guam Application for Credit

TEAM Guam Application Checklist