Economic Injury Disaster Loan (SBA)

Apply for up to $2 million to cover operational expenses if your small business lost revenue due to a natural disaster.

When to apply:

As soon as possible (after a natural disaster has impacted your business).

You should apply if you

Have experienced a loss in revenue and are located in a declared disaster area.

Are unable to receive credit from another funding source.

Are a small agricultural cooperative or engaged in aquaculture. 

Have a business with less than 500 employees. 

How to get started

1

Click here to complete the online application.

2

After applying, you will receive a loan quote. This is not an approved loan but an estimate.

3

A loan officer will review your application to make sure it is complete. They will then approve or decline the loan and you will be informed of the decision.

4

To check the status of your application call 1-800-659-2955 or email DisasterCustomerService@sba.gov for an update.

Information you’ll need to provide

  • A valid Federal Employee Identification Number (FEIN)
  • Previous years’ taxes and/or profit and loss statement
  • A valid commercial insurance policy (additional insurance may be required)
  • Credit history acceptable to the SBA (exceptional credit is not required)
  • Demonstrable ability to repay loan; for loans over $25,000 collateral is required
  • A signed and dated IRS Form 4506-C giving permission for the IRS to provide SBA with your tax return information

Helpful tips

  • Collateral is required for loans over $25,000. 
  • Fixed interest rate of 3.04% for small businesses with repayment terms of up to 30 years.
  • If you've experienced property damage, you might be eligible for the SBA's Physical Damage Loan program.

About this program

Provided by: SBA (Small Business Administration) 

If you have questions, you can speak with a program representative at:

Program Information: Economic Injury Disaster Loan (EIDL)

Register today!

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