Economic Injury Disaster Loan

Small Business Administration Economic Injury Disaster Loan

Apply here: SBA EIDL Application

The Economic Injury Disaster Loan Program (EIDL) offers low-interest loans to small businesses, nonprofit organizations, and self-employed/independent contractors. The EIDL program provides up to $10,000 in emergency relief that does not have to be repaid, whether or not the EIDL is approved or a loan is eventually secured.

  • 2.75 interest for nonprofit organizations/3.75 interest for small businesses
  • Possibility of emergency “grant” of up to $10,000.
  • You will need gross revenue from Feb 1, 2019 to Jan 31, 2020 to apply. Nonprofits will need revenue and income.
  • Apply under your social security number if you are self-employed/independent contractor.
  • Make sure to check the box for consideration of the forgivable advance up to $10,000.

More information about EIDL: SBA EIDL Emergency Advance