An overview of the Economic Injury Disaster Loans (ESDLs) that are being made available through the
Small Business Administration.

• EIDLs provide eligible small businesses and nonprofit organizations up to $2 million to help meet financial obligations and operating expenses that could have been met had the disaster not occurred.
• Loan proceeds can only be used for working capital necessary to enable the business or organization to alleviate the specific economic injury and resume normal operations.
• Interest rates for EIDLs are statutorily set at 4% per annum or less and can have maturities up to 30 years.
• Collateral is generally required for loans over $25,000 if it is available, though SBA will not decline loans for a lack of collateral.
• EIDLs are available only to businesses and private and nonprofit organizations that are located in a declared disaster area, have suffered substantial economic injury, are unable to obtain credit elsewhere, and are defined as small by SBA size regulations.
• Small businesses in declared counties (and contiguous counties) apply directly to the SBA forEIDLs. Check for resources and guidance for businesses with your state website to confirm if the disaster declaration has been made for your county.

For additional information see the frequently asked questions released by the SBA, or begin your onlineapplication. You must submit the completed loan application and a signed and dated IRS Form 4506-T giving permission for the IRS to provide SBA your tax return information.

For additional information, please contact the SBA disaster assistance customer service center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail [email protected] or contact our office at 617-566-3645 or email [email protected]