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1. Are businesses and private non-profits in my state eligible for an Economic Injury Disaster Loan (EIDL) related to COVID-19?

Yes, those suffering substantial economic injury in all 50 states, DC, and the territories may apply for an EIDL.

2. What is an EIDL and what is it used for?

Economic Injury Disaster Loans (EIDLs) are lower interest loans of up to $2 million, with principal and interest deferment available for up to four years that are available to pay for expenses that could have been met had the disaster not occurred, including payroll and other operating expenses.

3. Who is eligible for an EIDL?

• Small business concerns (including sole proprietorships, with or without employees)
• Independent contractors
• Cooperatives and employee-owned businesses
• Private non-profits
• Tribal small businesses

Small business concerns and small agricultural cooperatives that meet the applicable size standard for Small Business Administration (SBA) are also eligible, as well as most private non-profits of any size. See below for more information on size standards.

4. My private non-profit is not a 501(c)(3). Is it still eligible for an EIDL and a grant?

Yes, if you are a private non-profit with an effective ruling letter from the Internal Revenue Service (IRS), granting tax exemption under sections 501(c), (d), or (e) of the Internal Revenue Code of 1954, or if you can provide satisfactory evidence from the State that the non-revenue producing organization or entity is a non-profit one organized or doing business under State law. 

However, a recipient that is principally engaged in teaching, instructing, counseling, or indoctrinating religion or religious beliefs, whether in a religious or secular setting or primarily engaged in political or lobbying activities is not eligible to receive an Economic Injury Disaster Loan (EIDL). If you are uncertain whether you qualify, please consult with legal counsel to determine whether your organization meets program criteria.

5. Who is eligible for an Emergency Economic Injury Grant?

Those eligible for an Economic Injury Disaster Loan (EIDL) and who have been in operation since January 31, 2020, when the public health crisis was announced.

6. How long are Emergency Economic Injury Grants available?

January 31, 2020 through December 31, 2020. The grants are backdated to January 31, 2020 to allow those who have already applied for Economic Injury Disaster Loans (EIDLs) to be eligible to also receive a grant.

7. If I get an EIDL and/or an Emergency Economic Injury Grant, can I get a Paycheck Protection Program (PPP) loan?

Whether you’ve already received an Economic Injury Disaster Loan (EIDL) unrelated to COVID-19 or you receive a COVID-19 related EIDL and/or Emergency Grant between January 31, 2020 and June 30, 2020, you may also apply for a PPP loan. If you ultimately receive a PPP loan or refinance an EIDL into a PPP loan, any advance amount received under the Emergency Economic Injury Grant Program would be subtracted from the amount forgiven in the PPP. However, you cannot use your EIDL for the same purpose as your PPP loan. For example, if you use your EIDL to cover payroll for certain workers in April, you cannot use PPP for payroll for those same workers in April, although you could use it for payroll in March or for different workers in April.

8. How do I know if my business is a small business?

Please visit the Small Business Administration’s (SBAs) website to find out if your business meets SBAs small business size standards. You will need the six-digit North American Industry Classification Code for your business and your business’ three-year average annual revenue.

9. How do I apply for an economic injury disaster loan?

To apply for an Economic Injury Disaster Loan (EIDL) online, please visit the Small Business Administration’s (SBAs) website. Your SBA District Office is an important resource when applying for SBA assistance.

10. I am unfamiliar with the EIDL process, can anyone help me apply?

Yes, Small Business Administration (SBA) resource partners are available to help guide you through the Economic Injury Disaster Loan (EIDL) application process. You can find the nearest Small Business Development Center (SBDC), Women’s Business Center, or SCORE mentorship chapter at the Small Business Administration website.