American Business Services
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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..

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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. 

Frequently Asked Questions for Faith-Based Organizations Participating in the Paycheck Protection Program and the Economic Injury Disaster Loan Program

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)?

An Economic Injury Disaster Loan (EIDL) is a traditional SBA loan reserved for disaster relief. Previously known for strict requirements and long wait times before receiving funds, much of that has shifted in response to the CARES Act and coronavirus (COVID-19) pandemic.

How can you use an EIDL?

These loans offer support for small businesses and help them stay operational during disaster-induced hardships. Use these funds to cover necessary day-to-day expenses your business would have successfully covered before coronavirus or other disasters impacted your finances. Examples include: • Payroll • Accounts payable • Providing paid sick leave to employees • Matching increased costs to obtain materials • Rent or mortgage payments • Other obligatory payments that cannot be met due to revenue loss

Who is eligible for COVID-19 EIDL?

Applicant must be physically located in the United States or designated territory and suffered working capital losses due to the coronavirus pandemic, not due to a downturn in the economy or other reasons. Eligible applicants include: • Businesses with 500 or fewer employees or defined as small per • Cooperatives with 500 or fewer employees • Agricultural enterprises with 500 or fewer employees • Most private nonprofits • Faith-based organizations • Sole proprietorships and independent contractors

What if I am not a U.S. Citizen but my business meets all the other criteria for a COVID-19 EIDL?

A non-US citizen who owns 20% or more of the business is eligible if they are classified as a “noncitizen national” or “qualified alien.” Qualified aliens include permanent residents with a current green card.

What if I need more money than I’ve been approved for?

COVID-19 EIDLs can be modified by increasing the amount up to 6 months of working capital. An increase can be requested either before or after accepting the loan. If applicant is in urgent need of funds, accept the maximum loan amount offered and then request an increase by providing additional documentation. If you were approved for a loan and would like to request additional funds, contact our team and we will work with you and the SBA to assist with your needs.

Can I apply for both COVID-19 EIDL and PPP?

Yes. Borrowers can apply for both the PPP and EIDL, although funds from both cannot be used for the same purpose. • The Paycheck Protection Program loan proceeds must be used for eligible purposes according to guidance and some or all of the loan may be forgiven if used properly. The authority to make PPP loans has expired and new PPP loans are no longer available. Check online for latest information. • EIDL funds can be used for working capital and normal operating expenses, such as continuation of health care benefits, rent, utilities, fixed debt payments. • Note that businesses that received an EIDL Advance in addition to the PPP loan will have the amount of the EIDL Advance subtracted from the forgiveness amount of their PPP loan.

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.