The Small Business Administration (SBA) has reopened its Economic Injury Disaster Loan (EIDL) to all small businesses. The loan cap is $150,000. The loans can be used to pay debts, payroll and other bills — including items not covered in the Paycheck Protection Program (PPP). The disaster loans are offered at a 3.75% interest rate for businesses and 2.75% interest rate for nonprofits.
EIDL Program and Application Forms
Apply for EIDL on the SBA website. Small businesses must apply by December 31, 2020.
If you have questions about this application or problems providing the required information, please contact the SBA Customer Service Center at 1-800-659-2955 (TTY: 1-800-877-8339) or DisasterCustomerService@sba.gov.
For additional guidance please refer to SBA Disaster Loans application training presentation found here.