In March of 2020, the Federal Government signed the CARES Act, which is a stimulus bill designed to help small businesses deal with the economic fall out from the COVID crisis. The bill provides one section that may be helpful to startups, the Payroll Protection Program, or PPP. This provides 2.5x monthly payroll in a SBA loan - that is likely to be forgiven if the company keeps headcount and payroll consistent.There is some confusion if a startup will be eligible for this loan, but assuming that they are, companies that have venture debt need to be aware that the SBA loan needs to be senior to other debt. So these companies may need to go to their lenders asking for permission to bring on debt in a senior position.