The Emergency Injury Disaster Loan is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. EIDL proceeds can be used to cover a wide array of working capital and normal operating expenses, such as continuation to health care benefits, rent, utilities, and fixed debt payments.
- Amount up to $150,000
- 30 Year Loan at a fixed 3.75% interest rate; must be used for business.
- 12 months business activity prior to February 2020
- Minimum 580 Credit Score