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Get an Economic Injury Disaster Loan
Ivy Lender can assist with helping you access the EIDL program offered by the SBA. Your electronic application goes straight to the SBA. Our team will work alongside the SBA to keep you up-to-date on the progress of your application..
In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000.
This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available following a successful application. This loan advance will not have to be repaid.
The SBA’s Economic Injury Disaster Loan provides vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing as a result of the COVID-19 pandemic.
This program is for any small business with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organization or 501(c)(19) veterans organizations affected by COVID-19.
Businesses in certain industries may have more than 500 employees if they meet the SBA’s size standards for those industries.
The Economic Injury Disaster Loan advance funds will be made available within days of a successful application, and this loan advance will not have to be repaid.
To apply for a COVID-19 Economic Injury Disaster Loan and loan advance, click here.
Frequently Asked Questions
What is an Economic Injury Disaster Loan (EIDL)?
How can you use an EIDL?
Who is eligible for COVID-19 EIDL?
What if I am not a U.S. Citizen but my business meets all the other criteria for a COVID-19 EIDL?
What if I need more money than I’ve been approved for?
Can I apply for both COVID-19 EIDL and PPP?
IMPORTANT NOTE: SBA program details are subject to change. Eligibility rules and amount are both subject to change. Ivy Lender is a financial technology company, not affiliated with the SBA, Dept. of the Treasury, or any government agency.
This site is for informational purposes only. It is not intended to constitute professional advice, including legal, financial, or tax advice, nor is Ivy Lender providing advice on any particular situation. Not a loan offer or a commitment to lend.