SBA Economic Injury Disaster Loans now open for Indiana Small Businesses

Thanks to a concerted effort by our partners throughout the state, Indiana small businesses can now apply for SBA Economic Injury Disaster Loans (EIDL).

What’s an EIDL?

• The SBA EIDL program can provide low-interest loans of up to $2M to businesses and private non-profits.
• EIDLs may be used to pay fixed debts, payroll, accounts payable and other bills.
• The interest rate is 3.75% for small businesses without credit available elsewhere. The interest rate for non-profits is 2.75%.
• EIDLs have long-term repayment options, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based on borrower’s ability to repay.

How do I apply?

• Online at SBA.gov/disaster

• Need help? Access these step-by-step online instructions
• Still need help?  Call the SBA’s Disaster Customer Service Center at 800-659-2955 or email disastercustomerservice@sba.gov.  Individuals who are deaf or hard-of-hearing can call 800-877-8339.

What’s next?

• If this update was forwarded to you, sign up our emails:  sba.gov/updates.
• Follow us on Twitter @SBA_Indiana