SBA Re-opens Economic Disaster Relief Loan Program to all U.S. Businesses
The Small Business Administration is now accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications from qualified small businesses AND U.S. agricultural businesses.
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 Coronavirus (COVID-19).
Agricultural businesses are now eligible as a result of the latest round of funds appropriated by Congress in response to the COVID-19 pandemic.
- Agricultural businesses includes those businesses engaged in the production of food and fiber, ranching, and 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)).
- SBA is encouraging all eligible agricultural businesses with 500 or fewer employees wishing to apply to begin preparing their business financial information needed for their application.
The application is submitted directly through the SBA using this link.
