Economic Injury Disaster Loan (EIDL) Program

Posted by US Small Business Administration (SBA) ; Posted on 
Funding: Stimulus - DEADLINE :  
Economic Injury Disaster Loan (EIDL) Program
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Targeted EIDL Advance and Supplemental Targeted Advance

For the hardest-hit businesses and private nonprofits, funds do not need to be repaid.

The deadline to apply and be considered for Targeted Advance is 12/10/2021!!

11/10/21 2 PM ET FREE Webinar hosted by the SBA and Public Private Strategies Institute to:
-Learn more about COVID EIDL and how you can take advantage before December 31, 2021
-Discover tools and resources you can use to start and grow your business
-Have your questions answered by SBA Leadership & small business experts
-Learn how you can become a vaccine leader in your community
-Get an update regarding programs and recent policy announcements made by the Biden-Harris Administration

NEW!! Watch the recording of the EIDL Information Session with Keith Bowers, SBDC FAMU!

Program overview

Applicants for the COVID-19 Economic Injury Disaster Loan (EIDL) may be eligible to receive up to $15,000 in funding from SBA that does not need to be repaid. These “advances” are similar to a grant, but without the typical requirements that come with a U.S. government grant.

To receive an advance, you must first apply for a COVID-19 EIDL. You do not need to accept the loan or be approved for the loan to receive an advance. Once you apply for the loan, SBA will invite you via email to apply for one of the advance programs if your business is located in a low-income area.

Before you apply, please check the map to ensure you are in a low-income area and review the eligibility criteria.

Please do not submit duplicate COVID-19 EIDL applications. If you have already applied or cannot find your invitation email, see instructions on how to have your application updated or reevaluated.

COVID-19 EIDL Application

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