Economic Injury Disaster Loans Guidelines

SBA’s Economic Injury Disaster Loan Basics

What businesses are eligible to apply?

  • Small businesses
  • small agricultural cooperatives
  • small aquaculture businesses
  • most private non-profit organizations

Must be:

  • directly affected by the disaster
  • located in the disaster area

SBA’s Economic Injury Disaster Loan Terms

How much can I borrow?

Up to $2 million.
3.75% for small business 2.75% for NFPs


1 year deferred payment
Up to 30 year term/amortization

How can I use the loan funds?

  • Fixed debt payments
  • payroll
  • accounts payable
  • other bills

But not:

  • Dividend payments
    • Disbursements to owners
    • Repayment of stockholder loans
    • except as a result of the disaster
    • Facility expansion
    • Refinance of long term debt
    • Physical damage
    • Payment of federal debt

Economic Injury Disaster Loan Terms

What are the collateral requirements?

  • Real estate preferred on loans over $25,000.
  • On loans under $25,000, a personal guarantee but not collateral is required.
  • Lack of collateral is not a reason for decline.

Basic Filing Requirements

  • Application (Form 5 or 5C)
  • IRS 4506T for the applicant, principals and affiliates.
  • Business Federal Income Tax Return
  • Schedule of Liabilities (SBA Form 2202).
  • Personal Financial Statement (SBA Form 413).
  • SBA Form 1368 (Monthly Sales Tracking)

Additional Filing Requirements

Other information that may be requested:

  • Personal Tax Returns for all principals.
  • Year-end financial statements
  • Interim (Current) P&L

Ineligible Entities

What are some of the businesses that are ineligible for an Economic Injury Disaster Loan?

  • Farms
  • Religious Organizations
  • Gambling Concerns
  • Casinos & Racetracks
  • Speculative Entities
  • SBA Loan Packagers
  • Lobbyists
  • Real Estate Developers
  • Concerns that have credit available elsewhere

SBA’s Customer Service Representatives are ready to serve.

How to Apply

  • Paper loan applications can be downloaded from Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
  • SBA’s Customer Service Center at 800-659-2955 can provide applications.

Submit a COMPLETE Application As Soon As Possible


Disaster Loan Application Portal (DLAP)


  • How much should I ask for? → Based on needs.
  • How do I demonstrate losses? → Consider your fixed expenses.
  • What if I don’t have enough collateral? → Collateral is not a reason for decline.
  • What do I need to do with my bank? → Nothing, this is a direct loan. However, you should be in contact with them about your situation.
  • How much does this cost? → No fees, but documentary costs may apply in some cases, for example when collateral is required.
  • Is there a prepayment penalty? → No.
  • I have a LOC available. Is that credit elsewhere and am I eligible? → If you have been adversely impacted by the crisis and are concerned about making your payments, we want you to apply.
  • Are startups eligible? → Yes.

SBA Cleveland District Office & Ohio Small Business Development Center at Terra State Community College