SBA Economic Injury Disaster Loan (EIDL) & Emergency Advance Program
Application Filing Deadline: December 31, 2020
In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories were able to apply for an Economic Injury Disaster Loan and Emergency Advance of up to $10,000. This advance is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. This loan advance will not have to be repaid.
SBA has resumed processing EIDL applications that were submitted before the portal stopped accepting new applications on April 15 and will be processing these applications on a first-come, first-served basis.
Update: As of June 15, SBA is accepting new EIDL and EIDL Advance applications from qualified small businesses and U.S. agricultural businesses.
Small businesses with less than 500 employees (including sole proprietorships, independent contractors, and self-employed persons), private non-profit organizations, or 501(c)(19) veterans organizations affected by COVID-19 are eligible.
Agricultural businesses are now eligible as a result of the latest round of funds appropriated by Congress in response to the COVID-19 pandemic.
- Agricultural businesses includes those businesses engaged in the production of food and fiber, ranching, and raising of livestock, aquaculture, and all other farming and agricultural related industries (as defined by section 18(b) of the Small Business Act (15 U.S.C. 647(b)).
- SBA is encouraging all eligible agricultural businesses with 500 or fewer employees wishing to apply to begin preparing their business financial information needed for their application.
Loan Terms & Forgiveness
The EIDL Emergency Advance loan does not have to be repaid.
Note: Applicants can have an existing SBA disaster loan and still qualify for an EIDL for COVID-19, however, the loans cannot be consolidated. You may also apply for and receive a PPP loan, however, EIDL proceeds cannot be used for the same purpose as a PPP loan or the amount of PPP forgiveness will be reduced.
Deadline & How to Apply
The application deadline is December 31, 2020.
Qualified small businesses and U.S. agricultural businesses should apply directly with the SBA at https://covid19relief.sba.gov.
Note: You can apply for both PPP and EIDL—you just can’t use the funds for the same purpose.
To apply for a disaster loan unrelated to COVID-19, click here.
For application status inquiries and/or questions about the EIDL program:
If you have additional questions or require further assistance, please call our Disaster Customer Service Center at 1-800-659-2955 or, for the deaf and hard-of-hearing 1-800-877-8339 (Monday through Friday from 8:00 am to 8:00 pm, Saturday and Sunday from 8:00 am to 8:00 pm Eastern Time) or email us at: disastercustomerservice@sba.
For more information about the U.S. SBA EIDL program, click here.