SBA’s Economic Injury Disaster Loans (EIDLs) offer up to $2 million in assistance per small business. These loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses without credit available elsewhere; businesses with credit available elsewhere are not eligible. The interest rate for non-profits is 2.75%.
There is a three-step process to apply for an EIDL:
For specific disaster loan information, as well as required documentation for completing a loan application, please visit the SBA website.