COVID-19 Relief

The TruFund COVID-19 Disaster Relief Loan provides working capital for small businesses affected by the COVID-19 crisis. These loans can be used for lease payments, rent, payroll, insurance, or any other fixed business cost.

Terms and Conditions

  • Locations: Small businesses located in any of TruFund’s markets
  • Amount: $5,000-75,000
  • Loan Structure: Terms Loans
  • Terms: Up to 5 years
  • Interest Rate: 3%
  • Application Fee: N/A
  • Closing Fee: N/A


  • Credit: Must have a FICO credit score of at least 600
  • Minimum Debt-Service Coverage Ratio: 1.20x prior to disaster/crisis
  • Repayment Terms: No payments for 9-12 months; P&I over remaining term of loan
  • Business Requirements
    • Business must be in operation on/prior to August 1, 2019 (6 months prior to COVID-19 crisis)
    • Business must have experienced a revenue decrease of 15% or more as a result of COVID-19
    • Business must be deemed viable based on a TruFund assessment and have a business plan of action for recovery

Additional requirements

Business must provide proof of disruption, such as:

  • Proof business is closed
  • Notification from state or government agency forcing shut down
  • Cancellation of contract
  • Hardship letter