Economic Injury Disaster Loan (EIDL) for Small Businesses

For businesses in:

South Florida & Beyond

Provided by:

SBA - Small Business Administration

Ideal for:

Small Businesses & Nonprofit Organizations

If your small business has lost income due to the pandemic, apply for relief through the EIDL Loan.

Coming Soon

Benefits

  • Loans of up to $500,000 for all operational needs
  • Fixed interest rate of 3.75% for small businesses and 2.75% for nonprofit organizations  
  • Loan repayment terms of up to 30 years
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Eligibility

  • Small businesses with less than 500 employees
  • Business with more than 500 employees that is small under SBA Size Standards found here
  • Individuals who operate under a sole proprietorship, with or without employees, or as an independent contractor
  • Small agricultural cooperatives
  • Small businesses engaged in aquaculture
  • Most private, non-profit organizations
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Application

The fastest way to be considered for loan assistance and to receive a decision is by applying online. The entire application takes an estimated two hours and ten minutes for most applicants.

Apply Now

Do you need help?

The organizations listed below are Axis Coalition Members and are ready to help you at no cost.

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Requirements

  • 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