This federal small business loan program supports small businesses’ recovery from the COVID-19 disaster’s economic impacts by providing accessible and borrower-friendly capital.
SBA continues to offer other funding options for small businesses, including traditional SBA loans.
Applications must be submitted in English. We provide documents in 17 different languages to help you understand eligibility requirements, fill out applications, and answer frequently asked questions.
Learn how to manage your loan, including how to monitor loan status, make payments, and request a COVID-19 EIDL increase.
In response to COVID-19, small business owners, including agricultural businesses, and nonprofit organizations in all U.S. states, Washington D.C., and territories were able to apply for the COVID-19 Economic Injury Disaster Loan (EIDL). New applications are no longer being accepted.
For loans $25,000 or less: No fees if applying directly through SBA
For loans greater than $25,000: One-time $100 fee for filing a lien on borrower’s business assets plus costs to file lien on real estate when applicable
For loans greater than $500,000 where real estate was pledged as collateral: One-time $100 fee for filing a lien on borrower’s business assets. Additionally, the borrower was responsible for recording the real estate lien and paying the associated fees.
As of September 8, 2021, new COVID-19 EIDL policy changes took effect as follows:
To obtain a loan via COVID-19 EIDL, small business owners must have met the eligibility requirements. Additionally, below were the credit score requirements:
Applicants were required to submit a signed and dated IRS Form 4506-T for COVID-19 EIDL authorizing the IRS to release business tax transcripts for SBA to verify their revenue.