Financial relief may be available through an SBA Economic Injury Disaster Loan. If you are seeking this type of loan for your small business or non-profit as a result of the COVID-19 pandemic, we are here to assist you. Very important to note: This is a first-come, first-served program, so submitting your application early is crucial to the timing of funding, should you be approved.
Businesses in all U.S. states are now eligible for an SBA Economic Injury Disaster Loan related to COVID-19. The loan advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid.
Here are the documents you’ll need to gather to complete your application.
Who may apply:
Only eligible small businesses (or eligible private nonprofits) may apply. Your business must show a need for the Disaster Loan Assistance. Although bills currently proposed by Congress and the White House may change the qualification and underwriting standards, the business must not only show economic injury, but also that it and its owners do not have personal or business resources to meet their needs.
Where to apply:
- Apply online here.