Thank you to CO–U.S. Chamber of Commerce for providing the content on A Step-by-Step Guide on How to Apply for an SBA Economic Injury Disaster Loan.
If your business is struggling in the wake of a disaster, these steps will guide you through the application process for a low-interest small business loan.
While the Economic Injury Disaster Loan (EIDL) program assisted small businesses during declared disasters such as the COVID-19 pandemic, as of this time, it is no longer accepting new applications from eligible businesses. However, there are a few other resources the Small Business Administration has available for businesses affected by disasters. Learn more about SBA disaster loans below.
Who is eligible for an SBA disaster loan?
SBA disaster loans are available for all for-profit businesses (regardless of size), nonprofit organizations, homeowners, and renters affected by declared disasters. Businesses and organizations that were impacted by “disasters,” including civil unrest as well as natural disasters like hurricanes, floods, and wildfires, are eligible for the loan.
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CO–by the U.S. Chamber of Commerce.
