Economic Injury Disaster Loans

SBA Loans may be available for those small businesses that were stricken economically even if they were not physically damaged by a natural disaster. If a business has suffered in an area that was declared a disaster area, it may be eligible for an SBA loan.

Eligibility and Coverage

Natural disasters have caused many small businesses to suffer economic injury.  When this occurs, the Department of Agriculture has the ability to offer SBA loans to business that can no longer pay their normal operating expenses.

What Can The EIDL Do For Your Business?

This loan is not meant to allow business to expand their operations but rather to enable businesses to pay their current operating expenses. It is meant to cover and economic loss directly sustained from the disaster.  These SBA loans can provide up to 2 million dollars in economic relief.