Breaking: SBA’s Economic Injury Disaster Loans and Advance Program Reopened

Connecticut District Office  - June 2020

u s small business administration

SBA’s Economic Injury Disaster Loans and Advance Program Reopened!

Economic Injury Disaster Loan and Economic Injury Disaster Loan advance, EIDL, Coronavirus

 


To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19 yesterday afternoon.

“The SBA is strongly committed to working around the clock, providing dedicated emergency assistance to the small businesses and non-profits that are facing economic disruption due to the COVID-19 impact.  With the reopening of the EIDL assistance and EIDL Advance application portal to all new applicants, additional small businesses and non-profits will be able to receive these long-term, low interest loans and emergency grants – reducing the economic impacts for their businesses, employees and communities they support,” said SBA Administrator Jovita Carranza. 

“Since EIDL assistance due to the pandemic first became available to small businesses located in every state and territory, SBA has worked to provide the greatest amount of emergency economic relief possible.  To meet the unprecedented need, the SBA has made numerous improvements to the application and loan closing process, including deploying new technology and automated tools.”

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Application Assistance Available

If you need assistance completing the EIDL application, navigating any of SBA's funding options, or with general business guidance, SBA's resource partners are available to help contact a partner below:

Others find your local resource partner organizations at: SBA.gov/local-assistance