The SBA’s Economic Injury catastrophe Loan (EIDL) Program now includes support for small enterprises afflicted with COVID-19, with low-interest loans and funds to give you help and also to help companies overcome associated income losings.

Parts

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• Overview
• Eligibility
• Simple tips to Apply
• Additional Resources
• Businesses Available to aid

Overview

Overview

The SBA’s Economic Injury tragedy Loan (EIDL) Program provides small enterprises (500 workers or less) and nonprofits with low-interest loans as much as $2 million that may provide vital support that is economic small enterprises to greatly help over come the short-term lack of income these are generally experiencing because of COVID-19. EIDL rates of interest are 3.75% for smaller businesses and 2.75% for not-for-profits. (more…)