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The Biz Brief
Chamber Blog

ECONOMIC INJURY DISASTER LOANS: Who is Eligible?

4/2/2020

1 Comment

 
​​Apply for the Economic Injury Disaster Loan
apply
Who is ELIGIBLE?
In general, all of the following entities that have suffered substantial economic injury caused by a disaster provided they were in existence on January 31, 2020: 
  •  Businesses with fewer than 500 employees 
  •  Cooperatives, ESOPs, and tribal small businesses with fewer than 500 employees 
  •  Sole proprietors 
  •  Independent contractors
  •  Most private nonprofits 

About the Economic Injury Disaster Loans:
The Coronavirus Aid, Relief, and Economic Security (CARES) Act expands the Small Business Administration’s long-standing Economic Injury Disaster Loan Program (EIDL). The EIDL program was created to assist businesses, renters, and homeowners located in regions affected by declared disasters.


Source: U.S Chamber of Commerce's Guide to SBA's Economic Injury Disaster Loans 


Additional Economic Injury Disaster Loan Resources: 
  • Loan Parameters 
  • Accessing Emergency $10,000 Grant 
  • Small Business Owners Guide to the CARES Act 
  • Delaware County Chamber of Commerce COVID-19 Resource Page
1 Comment
J. Kenneth Delmar link
4/10/2020 12:01:02 pm

How do I go about applying for a $ 1,200.00 loan?

Reply



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