March 17 2020 0Comment

SBA Economic Injury Disaster Loans: Assistance for U.S. Businesses Affected by the COVID-19 Outbreak

The U.S. Small Business Administration (SBA) has set aside $50 billion in low-interest Economic Injury Disaster Loans (EIDL) for “on-going” small businesses affected by the Coronavirus. Individual businesses may apply for up to $2 million per loan.

Please Note: The EIDL loans are not for a loss of income but to keep your businesses “afloat” during this Coronavirus crisis. (i.e.: lease payments, equipment, operating assistance, employee wages, etc.)

More Info on the SBA’s Economic Injury Disaster Loans (EIDL) can be found here:

Help-Desk: 1-800-659-2955