For more details regarding SBA’s Disaster Loan information or the process, please contact SBA Disaster Loan Assistance:
- Website: https://disasterloan.sba.gov/ela/Information/Index
- Email: firstname.lastname@example.org
- Phone: 1-800-659-2955
To speak to a local Small Business Development Center Representative, find your local office at SCSBDC.com.
- Applicants must meet eligibility (prove injury)
- Clean credit history with US Government (esp. SBA Loans)
- Prove ability to repay
- Have physical presence in declared county and suffer losses due to COVID
- Loans up to $2M
- Terms 3.75% up to 30 years
- Loans not for lost sales, profit, starting a business or expansion
- Loans are generally for fixed expenses like payroll, leases, mortgages, utilities, etc.
- Loans over $25K require collateral if a available (no declines for lack of collateral)
- Applicants can have an existing SBA Disaster Loan and still qualify for an EIDL (Economic Injury Disaster Loan) for this disaster, but the loans cannot be consolidated.
- Be sure to state the exact amount of funding you are requesting.
- Applicants will be given 7 days to respond to requests for additional information from the SBA
- Declines given 6 months to resubmit
- Print the last page of your application submission to capture your application number
What is needed – Basic Filing Requirements May Include:
- Completed SBA loan application (SBA Form 5 or 5C).
- Tax Information Authorization (IRS Form 4506T) for the applicant, principals and affiliates.
- Complete copies of the most recent Federal Income Tax Return.
- Form P-019 – Economic Injury Disaster Loan Supporting Info
- SBA Form 1368 – Monthly Sales
- Schedule of Liabilities (SBA Form 2202).
- Personal Financial Statement (SBA Form 413).
- Other Information may also be requested.
- Complete copy, including all schedules, of the most recent Federal income tax return for principals, general partners or managing member, and affiliates (see filing requirements for more information).
- If the most recent Federal income tax return has not been filed, a year-end profit-and-loss statement and balance sheet for that tax year.
- A current year-to-date profit-and-loss statement.
- Additional Filing Requirements (SBA Form 1368) providing monthly sales figures. (This is especially important for Economic Injury Disaster Loans.)
- *Although a paper application and forms are acceptable, filing electronically is easier, faster and more accurate.
Mailing Address (not reommended – file online if at all possible)
US Small Business Administration
Processing and Disbursement Center
14925 Kingsport Rd.
Fort Worth, TX 76155
SBA Customer Service