Oct 2, 2024 · Small businesses, small agricultural cooperatives, and most private nonprofit organizations located in a declared disaster area and which have suffered substantial economic injury may be eligible for an SBA Economic Injury Disaster Loan (EIDL).

SBA Lending Portal. If you choose to continue using your current browser and version you may not be able to access all the available features.

Mar 19, 2025 · Learn how to monitor the status of your COVID-19 EIDL, make payments, and request servicing actions.

Read about the COVID-19 EIDL program, which provided loans and advances to help businesses recover from the economic impacts of the pandemic. As of January 1, 2022, SBA stopped accepting applications for new COVID-19 EIDL loans or advances.

Dec 17, 2021 · An Economic Injury Disaster Loan, or EIDL, is a 30-year loan of up to $2 million from the Small Business Administration (SBA). The maximum interest rate is 4%.

Feb 10, 2025 · One key consideration is whether EIDL loans require a personal guarantee, as this can significantly impact borrowers’ liability. This article examines the nuances of personal guarantees in EIDL loans and what business owners need to know about their obligations.

Jan 11, 2021 · Part of the Economic Injury Disaster Loan (EIDL) is what many are calling a grant up to $10,000 for those who submit an application for disaster assistance. It works more like an advance that does not require repayment—whether or not your loan application is approved.

Apr 28, 2021 · Its Economic Injury Disaster Loans, or EIDL loans, offer working capital to help businesses recover from all kinds of disasters. Best of all, these disaster loans come with super-low interest rates, making them excellent loans for all kinds of businesses.

Sep 1, 2021 · Unlike the COVID-19 Paycheck Protection Program (PPP) loans, which were made through private and non-profit lenders and guaranteed through the federal government, the Small Business Administration’s Economic Injury Disaster Loans (EIDL) are …

Apr 19, 2020 · The Small Business Administration’s Economic Injury Disaster Loan (EIDL) can help businesses, renters, and homeowners affected by declared disasters. On March 27, 2020, the president signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law.