SBA’S ECONOMIC INJURY DISASTER LOAN (EIDLS)

SBA’s Working Capital Loans are Different from Other SBA Loans

SBA’s Economic Injury Disaster Loan (EIDLs) funds come directly from the U.S. Treasury.

Applicants do not go through a bank to apply. Instead apply directly to SBA’s Disaster Assistance Program at:https://www.sba.gov/coronavirus

There is NO cost to apply.

There is NO obligation to take the loan if offered.

The maximum unsecured loan amount is $25,000.00.

Applicants can have an existing SBA Disaster Loan and still qualify for an EIDL for this disaster, but the loans cannot be consolidated.