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EIDL Loans

Updated: Oct 28, 2020

SBA Economic Injury Disaster Loans have the loan best terms that you will ever get.

COVID-19 Economic Injury Disaster Loan Terms

  • 3.75% for businesses (fixed)

  • 30 years

  • No pre-payment penalty or fees

  • Payments deferred 1 year; interest still accrues

Who is Eligible for an EIDL Loan

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

Who is NOT Eligible for an EIDL Loan

Businesses that did not operate before 2020

How To Apply For an EIDL Loan

Apply directly with the SBA for COVID-19 Economic Injury Disaster Loans

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