Economic Injury Disaster Loan (EIDL) - Apply Now!

If you have suffered substantial economic injury and are one of the following types of businesses located in a declared disaster area, you may be eligible for an SBA EIDL:

• Small business
• Small agricultural cooperative
• Most private nonprofit organizations

Eligibility

• Substantial economic injury means the business is unable to meet its obligations and pay its ordinary and necessary operating expenses.
• EIDL provides the necessary working capital to help small businesses impacted by a disaster survive until normal operations resume.  
• EIDL assistance is available only to small businesses when SBA determines they are unable to obtain credit elsewhere.

SBA can provide up to $2 million* to help meet financial obligations and operating expenses that could have been met had the disaster not occurred. The loan amount will be based on your actual economic injury and your company's financial needs, regardless of whether the business suffered any property damage.

*A business may qualify for, both, an EIDL and a physical disaster loan.

The maximum combined loan amount is $2 million. A separate SBA Disaster Assistance program known as business physical disaster loans covers property damage.

Use of Proceeds

Working capital and normal expenses such as the continuation of health care benefits, rent, utilities, and fixed debt payments.