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Economic Injury Disaster Loans

U.S. Small Business Administration > Economic Injury Disaster Loans


Program Description:

The U.S. Small Business Administration (SBA) is responsible for providing affordable, timely and accessible financial assistance to small businesses and private, non-profits of all sizes located in a declared disaster area. Financial assistance is available in the form of low-interest, long-term loans for losses that are not fully covered by insurance or other recoveries.

SBA??s disaster loans are the primary form of federal assistance for the repair and rebuilding of non-farm, private sector disaster losses. The disaster loan program is the only form of SBA assistance not limited to small businesses.

The Economic Injury Disaster Loan Program (EIDL) can provide up to $2 million of financial assistance (actual loan amounts are based on amount of economic injury) to small businesses or private, non-profit organizations that suffer substantial economic injury as a result of the declared disaster, regardless of whether the applicant sustained physical damage.

An EIDL can help you meet necessary financial obligations that your business or private, non-profit organization could have met had the disaster not occurred. It provides relief from economic injury caused directly by the disaster and permits you to maintain a reasonable working capital position during the period affected by the disaster. EIDLs do not replace lost sales or revenue.


General Program Requirements:

To be eligible for EIDL assistance, small businesses or private non-profit organizations must have sustained economic injury and be located in a disaster declared county or contiguous county.





Loan Terms:

Disaster victims must repay SBA disaster loans. SBA can only approve loans to applicants with a reasonable ability to repay the loan and other obligations from earnings. The terms of each loan are established in accordance with each borrower??s ability to repay. The law gives SBA several powerful tools to make EIDLs affordable: low fixed interest rates and long-terms (up to 30 years). As required by law, eligibility is based on SBA??s determination of whether each applicant does or does not have the ability to borrow or use their own resources to overcome the disaster.

The SBA can provide up to $2 million in disaster assistance to a business. The $2 million loan cap includes both physical disaster loans and EIDLs. There are no upfront fees or early payment penalties charged by SBA.Your Next StepsThe following information will lead you to the next steps to apply for this benefit.


Application Process:

For application information, please call 1-800-659-2955, visit

or email DisasterCustomerService@sba.gov.


Program Contact Information:

For more information about this program, please visit:


Managing Agency:

U.S. Small Business Administration

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