COVID-19 Economic Injury Disaster Loan

In response to COVID-19, small business owners, including agricultural businesses, and nonprofit organizations in all U.S. states, Washington D.C., and territories can apply for the COVID-19 Economic Injury Disaster Loan (EIDL).

• FAQ regarding COVID-19 EIDL

Small business owners and qualified agricultural businesses in all U.S. states and territories are currently eligible to apply for a low-interest loan due to COVID-19.

Agricultural businesses with 500 or fewer employees are now eligible as a result of new authority granted by Congress in response to the pandemic.

Agricultural businesses include those businesses engaged in the production of food and fiber, ranching, raising of livestock, aquaculture, and all other farming and agricultural related industries (as defined by section 18(b) of the Small Business Act (15 U.S.C. 647(b)).

IRS Tax Authorization Form 4506-T

Applicants are required to submit a signed and datedForm 4506-Tauthorizing the IRS to release business tax transcripts for SBA to verify their revenue.

If you have previously submitted a Form 4506-T for an SBA loan or grant, you are still required to submit a new version for your COVID EIDL loan or loan increase.

Form 4506-T is only valid for 120 days. If the form in your file is nearing expiration, your loan officer may request a new one.

To avoid problems, please review thesetips for preparing your IRS Tax Authorization Form 4506-T.

Supplemental Materials

• FAQ Regarding COVID-19 EIDL
• Cross-program eligibility on SBA COVID-19 relief options
• FAQ Regarding Participation of Faith-Based Organizations in PPP and EIDL
• FAQ Regarding Agricultural and Farm Loan Collateral Security and the SBA EIDL Program

Loans approved prior to April 7, 2021 for less than $500,000 are likely eligible for an increase based on new loan maximum amounts announced March 24, 2021. Businesses that received a loan subject to the previous loan limit can submit a request for an increase at this time. SBA is now reaching out directly to loan borrowers via email to provide more details about how businesses can request an increase. Borrowers should expect to receive emails from @sba.gov or @updates.sba.gov addresses. *

(* Borrowers who experience problems sending email using the link in the message they received must be sure to remove any additional characters that may appear in front of the email address.)

If an applicant accepted a loan for less than the full amount originally offered, the applicant will have up to two years after the date of the loan promissory note to request additional funds. Applicants may continue to request additional funds even after the application deadline of December 31, 2021.