To be eligible for EIDL assistance, small businesses or private non-profit organizations must have sustained economic injury and be located in a declared disaster area or contiguous county, parish or jurisdiction.
The SBA can provide up to $2 million in disaster assistance to a business. The $2 million loan cap includes both physical disaster loans and EIDLs. There are no upfront fees or early payment penalties charged by SBA. The loan term is up to 30 years and determined by the businesses ability to repay.
30 years | |
Cannot exceed 4% | |
$2.0 million | |
Monthly | |
No | |
No |
Apply online for disaster loan assistance at your own convenience through SBA's secure Disaster Loan Assistance website.
For application information, please call 1-800-659-2955 or email DisasterCustomerService@sba.gov.
For more information about this program, please visit the Economic Injury Disaster Loan page.