The SBA’s Economic Injury Disaster Loan advance provides vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing as a result of the Covid-19 pandemic. Loan advances of up to $10,000 are available to 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.
Eligibility
- Businesses with no more than 500 employees (including sole proprietorships, independent contractors and self-employed persons, nonprofit organizations, or veterans organizations) OR
- Businesses in certain industries may have more than 500 employees if they meet the SBA’s size standards
How to Apply
Applications for a Covid-19 Economic Injury Disaster Loan advance are directly through the SBA and are available online.
Loan advance funds will be made available within days of a successful application, and this loan advance will not have to be repaid.