SBA Economic Injury Disaster Loan Reference Guide

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  • The Economic Injury Disaster Loan is operated directly by the SBA.
  • The Economic Injury Disaster Loan provides working capital only.
  • Alabama, Georgia and Tennessee are eligible – border counties in neighboring states may be included in an eligible state’s service area.

Applicant Eligibility

  • Small businesses
  • Small agricultural cooperatives
  • Small aquaculture businesses
  • Most private non-profit organizations
  • Religious and charitable organizations are not eligible

Loan Amounts, Rates & Uses

  • Eligible applicants may qualify for loans up to $2 million.
  • Interest rates: 3.75% for SMB; 2.75% for nonprofits
  • Terms up to 30 years
  • May be used to pay fixed debts, payroll, AP, and other bills that could have been paid had the disaster not occurred.
  • Not intended to replace lost sales, profits or for expansion

How to Apply

  • Electronically: https://disasterloan.sba.gov/ela
  • Free application assistance is available - https://www.sba.gov/local-assistance
  • Email - disastercustomerservice [at] sba [dot] gov
  • Phone - 800.659.2955 | 800.877.8339 (TTY)
  • Paper: Download application from: www.sba.gov/disaster; Mail completed application to:  U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76115

More on the SBA Economic Injury Disaster Loan Program

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