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.
