Resources for Small Businesses – SBA EIDL Funding
Summary of Keypoints
- Overview of SBA Economic Injury Disaster Loans (EIDL): The U.S. Small Business Administration offers low-interest federal disaster loans of up to $2 million to help small businesses experiencing substantial economic injury due to COVID-19.
- Purpose and use of funds: EIDL funding is intended to provide working capital to support ongoing business operations impacted by the coronavirus pandemic.
- Application and eligibility resources: Small businesses can apply for EIDL funding online and access additional materials outlining loan eligibility requirements and loan terms.
- Support and assistance: The SBA provides direct assistance through its customer service center via phone, TTY, or email to answer questions and help applicants navigate the loan process.
- Required forms and process: The resource includes downloadable SBA loan application forms and references a three-step process for applying for SBA disaster loans.
U.S. Small Business Administration Disaster Loans
The SBA is offering low-interest federal disaster loans for working capital up to $2 million to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).
Read an overview of loan eligibility and terms
For questions about the loan program or help with the application process, call us, or call the SBA’s customer service center at 1-800-659-2955 (TTY: 1-800-877-8339) or email disastercustomerservice@sba.gov.
See Three Step Process for SBA Disaster Loans:
