Economic Injury Disaster Loan

Economic support for small-businesses impacted by the Coronavirus is provided through the small Business Administration (SBA). 

Please check back regularly for program updates or additions.

Do you need assistance with financial obligations and operating expenses that could have been met had the disaster not occurred?

EIDL Application: https://covid19relief.sba.gov/#/

Additional Information:

1. Small Business Administration https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

Frequently Asked Questions

1. Can you use both programs? Yes but cannot use money from both for the same purpose. 
2. Is there support for businesses for over 500-employees? These programs are meant for smaller business under 500 employees. There may be opportunities for larger businesses in the near future. 
3. What if I have a small business and cannot take on extra debt? This is not the last set of bills to be passed. Reach out to your Representatives to highlight your specific needs/challenges
4. Can you keep the $10,000 advance on EIDL if denied the loan or turn the loan down? Yes, SBA does have other bridge loans but not part of CARES act
5. What If I already have an SBA loan? There is a debt relief program covering 7(a)-loans or current SBA loans. These will cover P&I for six-months.
6. What if I have lost inventory?  Call insurance carrier, the current programs are to cover expenses not lost inventory.​
7. SBA does have a hotline to call if specific questions
8. If you don’t need funds for Payroll go to EIDL