Economic Injury Disaster Loans

U.S. Small Business Administration (SBA), economical, accessible and timely provision of financial assistance for small businesses of all sizes in disaster areas and declared a special non-profit organization is responsible has been removed.

SBA's disaster loan to repair their primary form of federal assistance for non-farm private sector disaster losses are again. SBA disaster assistance loan program for small businesses is not limited to just the form.

Economic Injury Disaster Loan Program (EIDL) $ 2,000,000 of financial assistance (and the actual loan amount of economic damages amount based) small business or a particular result in substantial economic injury may find non-profit organizations that do not Until can provide job disaster regardless of the applicant's physical damage permanently re .

EIDL necessary financial obligations to you or your business a private, non-profit he could have come together to help meet the disaster had occurred. Economic losses, disasters caused direct relaxation is affected by disasters during the period provides a reasonable working capital position will allow you to maintain. EIDLs does not replace lost sales or revenue.

General Program Requirements
EIDL assistance, small businesses or private non-profit organizations and to receive economic injury must have been a disaster, the county or adjacent county that was declared.

Credit conditions
SBA disaster loans to victims of disasters must pay. SBA loans and other obligations are only earning a reasonable ability to pay can apply for credit approval. In accordance with the terms of each loan, each borrower's ability to pay has been established. Law) SBA several powerful tools EIDLs appropriate to do: low fixed interest rates and long-term (30 years gives. Laws, as required, compliance SBA determination based on whether each applicant or no ability to borrow or disaster to overcome their own resources to use is not required.

$ 2,000,000 to work with the SBA can provide disaster relief. $ 2,000,000 loan cap includes both a physical disaster loans and the EIDLs. No upfront fees or early payment penalties are charged by the SBA.

Your Next Steps

Application Process
1-800-659-2955 for application information, please visit DisasterCustomerService@sba.gov http://www.sba.gov/services/disasterassistance/index.html or e-mail.