The Small Business Association Economic Injury Disaster Loan Program (EIDL) is a program in response to natural disasters that has been expanded to include the COVID-19 pandemic. The EIDL program provides small businesses like yours with working capital loans that can help you pay expenses during the time of temporary loss of revenue you are experiencing right now. You can apply for an EIDL advance of up to $10,000, which is a grant and you do not have to repay. It’s important to understand that under the new guidelines for EIDL you can apply for $1,000 per employee, up to $10,000 max for the portion of this loan that is a grant and is not owed back. If you find this program is right for you, then we recommend completing this application as soon as possible.
Click here to apply online.
Below is a video that outlines the process of applying for an EIDL loan on SBA’s website.