Economic Injury Disaster Loan Emergency Advance
This loan advance will provide up to $10,000 of economic relief to businesses that are experiencing temporary difficulties.
In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan Advance of up to $10,000. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available following a successful application. This loan advance will not have to be repaid.
This program is for small businesses with less than 500 employees (including sole proprietorships, independent contractors, and self-employed persons) private non-profit organization or (501(c)19 Veteran organizations affected by COVID-19.
Bsinesses in certain industries may have more than 500 employees if they meet the SBA's standards for those industries.
The Economic Injury disaster Loan advance funds will be made available within days of a successful application, and this loan advance will not have to be repaid.