Economic Injury Disaster Loans
U.S. Small Business Administration
What is Economic Injury Disaster Loans?
The Economic Injury Disaster Loan Program (EIDL) can provide up to $2 million of financial assistance (actual loan amounts are based on amount of economic injury) to small businesses or private, non-profit organizations that suffer substantial economic injury as a result of the declared disaster, regardless of whether the applicant sustained physical damage.
The EIDL program provides emergency working capital to help meet necessary financial obligations the business or private, non-profit organization could have met had the disaster not occurred. It provides relief from economic injury caused directly by the disaster and permits you to maintain a reasonable working capital position during the period affected by the disaster. EIDLs do not replace lost revenues or lost profits.
Administration
Economic Injury Disaster Loans is administered by U.S. Small Business Administration.
Program Requirements
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.
Application Details
What is the application process for Economic Injury Disaster Loans?
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 [email protected].