Information you’ll need to provide

  • A valid Federal Employee Identification Number (FEIN)
  • Previous years’ taxes and/or profit and loss statement
  • A valid commercial insurance policy (additional insurance may be required)
  • Credit history acceptable to the SBA (exceptional credit is not required)
  • Demonstrable ability to repay loan; for loans over $25,000 collateral is required

Helpful tips

  • Collateral is required for loans over $25,000. 
  • Fixed interest rate of 3.75% for small businesses with repayment terms of up to 30 years.
  • Targeted EIDL Advance: Funds of up to $10,000 are available to applicants in low-income communities who previously received an EIDL Advance for less than $10,000. The SBA is currently reaching out to eligible businesses.
  • Supplemental Targeted Advance: Fund of up to $5,000 (that does not have to be repaid) for the hardest hit small businesses. Completing the Targeted EIDL Advance application is a requirement to be considered for the Supplemental Targeted Advance. The SBA is reaching out directly to those who may qualify.

About this program

Provided by: SBA (Small Business Administration) 

If you have questions, you can speak with a program representative at:

Program Information: EIDL Application

Additional Information: 

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