Get Loans For Homeowners, Renters And Businesses Of All Sizes Contact Kathy Cook Phone 404-331-0333

An EIDL cannot be forgiven; as a result, the whole amount due must be paid. The SBA website states that this grant is no longer accessible. In 2020, the EIDL Program for COVID-19 did feature a cash advance of up to $1,000 or $10,000 per employee that did not need to be repaid.

The Economic Injury Disaster Loan Program (EIDL) can provide up to $2 million of financial assistance (actual loan amounts are based on amount of economic injury) to small businesses or private, non-profit organizations that suffer substantial economic injury as a result of the declared disaster, regardless of whether ...

If you have suffered substantial economic injury and are one of the following types of businesses located in a declared disaster area, you may be eligible for an SBA Economic Injury Disaster Loan (EIDL): Small Business or Sole Proprietorship. Small agricultural cooperative. Most private non-profit organizations.

EIDLs offer advances up to $10,000 that do not need to be repaid, while PPP loans provide small business loans equal to 2.5 times their average monthly payroll, up to $10 million. Loan forgiveness is available for PPP loans if the business follows specific loan forgiveness rules from the SBA.

Economic Injury Disaster Loans (EIDL) (59.002)

Get help. COVID-19 Economic Injury Disaster Loans: Please contact COVID-19 EIDL Customer Service at 833-853-5638 (TTY:711) from 8:00 a.m. to 8:00 p.m. ET, Monday through Friday, email COVIDEIDLServicing@sba.gov , or send a message through the MySBA Loan Portal.

For assistance with SBA disaster loans (including physical loss and non-COVID EIDL), please email disastercustomerservice@sba.gov . You can also call 800-659-2955 from 8:00 a.m. – 8:00 p.m. ET Monday through Friday.