COVID-19

Economic Injury Disaster Loan Assistance

Small business owners in all U.S. states, Washington D.C., and territories are currently eligible to apply for a long term low-interest loan due to Coronavirus (COVID-19).

The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

If you are applying for disaster assistance for another declaration, then please see the home owner’s and renter’s form here.

Instructions to Apply

Download forms below
Fill in your information
Upload forms at https://disasterloan.sba.gov/apply-for-disaster-loan/index.html
If you choose to mail, then please see Mailing Instructions at the bottom of the page at the link above.

Download Business Forms

Additional Forms

A Disaster Assistance loan officer may request you to fill out the following additional forms:

FAQ:

SBA will look at:

Credit
Repayment abilities
Located in a declared area
Collateral: under $25k loan, no need for collateral

Loan Info

$2M limit per business, even those that have multiple locations, it will still probably be a $2M limit
3.75% small business interest rate; 2.75% to private non profits
All loans will be for 30 years
Can be paid off early with no penalties
Loan payments deferred for 12 months
SBA Form 5 is for businesses, SBA Form 5C. is for Sole Props
Application will still move forward even though the applicant hasn’t uploaded rom IRS Form 4506T or tax returns. They will be needed at some point, but the application won’t get stuck if not uploaded at time of submit.

Forms area also available on SBA website to SBADownloadPaperForms. You may find it helpful to preview the information requested in the application process. If you have difficulty accessing these, pick up an application at our Navarro SBDC in Corsicana, TX. Paper Form Applications can be mailed to:

The Disaster Loan Application Portal is at https://disasterloan.sba.gov/ela/.

U.S. Small Business Administration
Processing and Disbursement Center
14925 Kingsport Rd.
Ft. Worth, TX 76155-2243

If you have any questions, please contact SBA 1-800-659-2955 disastercustomerservice@sba.gov.

Do you have an existing SBA loan? Ask your lender or CDC about deferment options available.

Disaster Handout Resources

SBA Small Business Resources & Guidance (COVID19)

Slow the Spread – Presidents Guidelines

Texas Workforce Commission Employer Resources for pandemic.

Agency Resources and Hotline Contact Information: Below, please find agency-by-agency information, guidance, and contact information.

Resources – Below, please find agency-by-agency resources and guidance.

U.S. Department of Health and Human Services (here)
U.S. Department of Education (here)
U.S. Department of Agriculture (here)
U.S. Department of Labor (here)
U.S. Department of Homeland Security (here)
U.S. Department of State (here)
U.S. Department of Veterans Affairs (here)
U.S. Environmental Protection Agency (here)
U.S. Small Business Administration (here)
Centers for Medicare and Medicaid (here)