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SBA Coronavirus Economic Injury Disaster Loan

SBA is offering low-interest federal disaster loans for working capital to (a) small businesses or (b) private nonprofit organizations that are suffering substantial economic injury as a result of the Coronavirus.

If you are a New York State-based business, we can help guide you through this loan process. If you are based in another state, go here to see if your state qualifies.

DETAILS:


CREDIT REQUIREMENTS:




BEFORE YOU BEGIN THE APPLICATION PROCESS, we strongly encourage you to complete all of the necessary forms. We would like to also manage expectations: it is NOT a quick process.




LOAN APPLICATION PROGRAM:

You will need to set up a username & password at the SBA loan application program:
https://disasterloan.sba.gov/ela

You will be applying for an Economic Injury Disaster Loan (EIDL).

READ and FOLLOW INSTRUCTIONS: If you have any questions, fill out this brief form, and a New York SBDC advisor will contact you as soon as possible.



LOAN APPLICATION PROCESS:

READ ALL INSTRUCTIONS. SIGN IN ALL APPROPRIATE PLACES.

The basic forms needed for filing are:

Other information that may be requested:

These additional forms will likely be requested at some point in the application process. If you have an opportunity to upload them onto the online platform in the process we would recommend you do so. This can save you time.




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