COVID-19 Economic Injury Disaster Loan 2021 – covid19relief.sba.gov Application/Registration Form
2021 Disaster loans in the event of a disaster COVID-19 – this loan provides economic assistance to small businesses and non-profit organizations that are currently experiencing a temporary loss of income.
In response to COVID-19. U.S. small business owners, including agribusinesses, and nonprofits in all U.S. states, Washington, and territories, can apply for a COVID-19 loan for Economic Injuries (EIDL).
• Fulfill financial obligations and operating costs that could be covered in the event of a disaster
- Loans approved from 2021 onwards. April 6 Weekly: 24-month economic loss with a maximum loan amount of $ 500,000.
- About loans approved until 2021. April 6, cf. Increase in loans.
- • 75% for business (fixed)
• 2.75% for non-profit organizations (fixed)
• 30 years
• No prepayment of fines or fees USE
• Working capital and ordinary operating expenses. Example: continuation of payments for health care benefits, rent, utilities, fixed debts.
- Required for loans in excess of $ 25,000
- The SBA uses a General Security Agreement (UCC) that pledges business assets such as machinery and equipment, furniture, fixtures, and more.
- NE – EIDL loan
- YES – EIDL advance *
- * Advances have been fully committed and are currently non-existent. MATURATION: 30 years
- The borrower can pay if they choose to do so.
- Set up online payments with GovOR mail payments:
- S. Small Business Administration, 191 Street 721
Denver, CO 80202
- Be sure to include the EIDL loan number on checks sent by mail.
- Small business owners and skilled agribusinesses in all U.S. states and territories can currently apply for a low-interest loan for COVID-19.
- Farms with 500 or fewer employees are now eligible because of the new mandate given by Congress in response to the pandemic.
- Agricultural enterprises include enterprises engaged in food and fiber production, farm production, animal husbandry, aquaculture, and all other agricultural and agro-related industries as defined in the Small Business Act (15 USC 647) (b).
How to apply / register for 2021 COVID-19 Economic Injury Disaster Loans
For more information: Visit COVID-19 on the Economic Injury Disaster Loan Application