Loan Amount

Up To $2,000,000

Businesses can qualify for loans up to $2,000,000

Rate

3.75%

Qualified businesses will benefit from a low interest rate capped at 4%

(Non-Profit Rate 2.75%)

Term

30 Years

Qualified businesses will receive a 30 year term

Payments

18 Months

Payments will start on the 19th month

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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ELIGIBILITY

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.

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.