Economic Injury Disaster Loan (EIDL)
Name of Funding
Economic Injury Disaster Loan (EIDL)
Source of Funding
US Small Business Administration
Contact Phone Number
(800) 659-2955
Contact Email
Description

Organizations that are in a state, presidential, and USDA declared disaster area that have incurred substantial injury can apply for this working capital loan. The loan can be used to cover operating expenses, such as health care benefits, rent, utilities, and fixed debt payments. The SBA can provide up to $2,000,000. The loan term is 30-years and the interest rate is not to exceed 4%.

How To Apply

- Check to see if SBA has declared a disaster in your area, if so, you may apply.

- You must submit a signed and dated IRS Form 4506-C which provides permission to the IRS to give SBA your tax return information.

- SBA will send an inspector to evaluate the cost of your damage once applications have been submitted.

Additional Links

Application Link

IRS Form 4506-T

For more detailed information click here

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