The SBA Disaster Loan website is now available.

by | Mar 26, 2020 | Business Resources, Covid-19 Business Resources, Resources | 0 comments

The SBA Disaster Loan website is now available.

The SBA encourages every eligible small business, regardless of longevity, to apply for the SBA Disaster Loan. The preferred method is online via their website (https://disasterloan.sba.gov/ela/).

However, due to the extreme number of people trying to submit applications, you may encounter difficulties applying online. The best alternative is to download all of these fillable PDF forms and fill them out on your computer or by hand. Then email them to disastercustomerservice@sba.gov.

These forms are all required in the application process:

We are told an SBA Case Officer will contact the business owner within 3-5 business days after submitting the online application (for emailed applications, this could take longer). The SBA anticipates making a determination on funding within 3 weeks after speaking with an SBA Case Officer.

No lenders are involved with the SBA Economic Injury Disaster Loan Application. These loans are funded entirely through the US Treasury. Collateral will be accepted if it is available, but the applicant will not be denied if there is no collateral. Credit history is required, but the credit score will not preclude a business from receiving a loan. It is best to apply and speak with an SBA Loan Officer.

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