SBA Economic Injury Disaster Loan Program
To apply for a COVID-19 Economic Injury Disaster Loan, click here.
In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C. and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000.
The SBA's Economic Injury Disaster Loan program provides small business with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. The loan advance will provide economic relief to businesses currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application.
SBA Injury Disaster Grant Program
Who is Eligible?
Businesses, either for profit or non-profit (501c (3)) with ≤ 500 employees (FTE) in business prior to January 31, 2020
Available Grant Amount
Any small business and non-profit that applies for an SBA EIDL within three days of applying for the loan are eligible for $10,000 grant dollars. The grant does not have to be repaid even if the grantee is susbsequently denied an EIDL.
Use of Grant Funds
Grant funds can be used for the following:
- Maintain payroll
- Provide paid sick leave
- Meet increased production costs due to supply chain disruption
- Pay business obligations including debt payments, rent and mortgage payments
To apply for an SBA Injury Disaster Grant, click here