COVID-19 Economic Injury Disaster Loan
Notice: the COVID-19 EIDL program is not accepting new applications, increase requests, or reconsiderations
- As of January 1, 2022, SBA stopped accepting applications for new COVID-19 EIDL loans or advances.
- As of May 6, 2022, SBA is no longer processing COVID-19 EIDL loan increase requests or requests for reconsideration of previously declined loan applications.
- As of May 16, 2022, the COVID-19 EIDL portal (covid19relief1.sba.gov, also known as the "RAPID portal") is closed.
The COVID-19 Economic Injury Disaster Loan (EIDL) and EIDL Advance programs provide funding to help small businesses recover from the economic impacts of the COVID-19 pandemic. There are two types of COVID-19 EIDL funding:
- COVID-19 EIDL loan funds may be used for working capital and other normal operating expenses.
- These loans are not forgivable and must be repaid
- Requirements vary depending on the size of the loan
- Loan increases are available until funds are exhausted
- The EIDL Advance funds are awarded to existing COVID-19 EIDL applicants who meet certain criteria.
- Advances are like grants, but without typical U.S. government grant requirements
- EIDL Advances do not need to be repaid
This federal small business loan program supports small businesses’ recovery from the COVID-19 disaster’s economic impacts by providing accessible and borrower-friendly capital.
For the hardest hit businesses and private nonprofits, funds that do not need to be repaid.
Learn how to monitor the status of your COVID-19 EIDL, make payments, and request servicing actions.
Reports about the COVID-19 EIDL programs.