SBA Economic Injury Loans
Application Deadline Extended!
We have very exciting news..
SBA announced that the deadline to apply for a COVID-19 pandemic Economic Injury Disaster Loan has been extended to December 31, 2021! Here are the basics:
- To date, SBA has approved $197 billion in low-interest loans, which provide U.S. small businesses, non-profits, and agricultural businesses working capital funds.
- Economic Injury Disaster Loan applications will continue to be accepted through December 2021, pending the availability of funds.
- Loans are offered at affordable terms, including a 3.75% interest rate for small businesses and 2.75% for non-profit organizations, a 30-year maturity, and an automatic deferment of one year before monthly payments begin.
All eligible small businesses and nonprofits are encouraged to apply.
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