SBA Economic Injury Disaster Loan Assistance

SBA Economic Injury Disaster Loan Assistance

The U.S. Small Business Administration (SBA) is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the coronavirus (COVID-19).

If you are a client of Wisconsin’s other SBA resource partners — including WWBIC, Western Wisconsin Women’s Business Center, Veterans Business Outreach Center or SCORE — they also can assist you.

How To Apply

  • ONLINE (RECOMMENDED): Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website (download instructions).
  • NOTE: If you applied for an Economic Injury Disaster Loan before Monday, March 30, you must re-submit your application through the new and improved application portal to be eligible for the EIDL up-to-$10,000 advance. This change would be regardless if the application has been approved, denied or pending.
  • BY MAIL: Completed paper applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

Webinars

  • SBA session: SBA Wisconsin has recorded one its most recent informational webinars. More than 2,000 business owners like you have gotten answers to their questions during these helpful sessions. (Note, there is a transcript from another call if you just want to read)
  • Wisconsin SBDC online loan application walkthrough: Consultant Kristi Smith of the Southwest Wisconsin SBDC walks you through the SBA EIDL application process that changed as of March 30.

About the SBA Loans

The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. Learn more in this extensive frequently asked questions list.

Still Need Help?

Our staff is available to help you navigate the process of qualifying and applying for SBA disaster loans. You can ask loan-related and disaster-related questions. Or learn more on the SBDC COVID-19 page.

Services

Find out more about all of the services offered by the Wisconsin SBDC Network, its consultants and valued partners.
Discover Our Services

Education

Explore all of the SBDC’s events for prospective and current business owners looking to expand their skill set, network, receive guidance or connect to Wisconsin’s entrepreneurs.
Explore Education