Federal Economic Injury Disaster Loan Program for Small Businesses

The U.S. Small Business Administration (SBA) is offering low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of COVID-19. The program offers an interest rate of 3.75 percent for small businesses and 2.75 percent for non-profit organizations, with long-term repayments up to a maximum of 30 years. The deadline for the Economic Injury Disaster Loan is December 16, 2020.

Businesses can apply on the SBA Disaster Loan Assistance website, or mail completed applications to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. For application assistance, call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov. Individuals who are deaf or hard-of-hearing may dial (800) 877-8339.

For more information about available SBA resources and services, visit the SBA’s COVID-19 website.

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