SBA Disaster Loans

Economic Injury Disaster Loan Application for your Small Business

In response to the Coronavirus (COVID-19) pandemic, small business owners and non-profit organizations in all U.S. states, Washington D.C., and territories are able to apply for an Economic Injury Disaster Loan (EIDL).  EIDL is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. EIDL proceeds can be used to cover a wide array of working capital and normal operating expenses, such as continuation to health care benefits, rent, utilities, and fixed debt payments. (www.sba.gov)

SBA resumed accepting new Economic Injury Disaster Loan (EIDL) applications on June 15 to all qualified small businesses, including U.S. agricultural businesses. (www.sba.gov)

Here at ISTAX Pro we will walk you through the process and help you apply for these programs. We understand that these are difficult times for business owners and we want to help you obtain any resource that may alleviate some of the economic burdens you may be facing. 

Terms:

3.75% APR for businesses

2.75% APR for non-profits

Deadline to apply:

December 31, 2020

Maturity:

30 years

Repayment:

1 year after loan is received 

(818) 399-8208

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