SBA Economic Injury Disaster Loans (EIDL)

SBA Economic Injury Disaster Loans (EIDL) are low-interest, long-term loans offered by the U.S. Small Business Administration to help businesses recover from financial losses caused by a declared disaster.

Provides working capital to businesses suffering significant economic injury due to a disaster, helping them cover normal operating expenses.

Loan Amount: Up to $2 million

Purpose: Covers payroll, rent, utilities, and other essential costs

Eligibility: Businesses unable to meet operating expenses due to the disaster

EIDLs are designed to sustain business operations during revenue disruptions and ensure stability while recovering from the economic impact of a disaster.