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Economic Injury Disaster Loan Program is Here to Help

As part of the nation's COVID-19 response, the Economic Injury Disaster Loan (EIDL) are intended to help eligible small businesses with expenses such as

• fixed debts

• payroll

• accounts payable

• other eligible bills*

Specific terms are based on the borrower’s ability to repay but may be up to a maximum of 30 years. Eligibility determination is the same as for SBA’s Payroll Protection Program loans.

Note: Beginning July 11, 2020, SBA no longer offers advances on Economic Injury Disaster

Loans. Until July 10, 2020, eligible small business owners in all U.S. states, Washington, D.C., and

territories were able to request an advance of up to $10,000. The current maximum loan amount is $150,000 per entity or a maximum amount of $2 million for all affiliated businesses. Loan disbursements and advances are made through the U.S. Department of the Treasury’s automated clearing house system as deposits from SBA.

What to Do if You Must Return Funds to SBA

Have questions about eligibility or need to return money? Contact SBA at

What to Do if You Suspect Fraud

Warning signs of fraud include:

• Using stolen identities to qualify for funds

• Applications from ineligible persons (nonbusiness entities, suspended or debarred individuals,


• Fake businesses established specifically to apply for SBA assistance

• Borrowers working with third parties to obtain Economic Injury Disaster Loan funds in exchange

for keeping a percentage of the funds

• Borrowers using economic injury loan money to start businesses

Courtesy of the Small Business Administration

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