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SBA Economic Injury Disaster Loans


While Univest is not able to assist you directly with the SBA’s Economic Injury Disaster Loans (EIDL), we are committed to assisting you and where possible directing you to sites that may be most beneficial. SBA’s Economic Injury Disaster Loans offer assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

What is the basic structure of the SBA Economic Injury Disaster Loan?
  • The interest rate is fixed at 3.75% for for-profits and 2.75% for 501c3 non-profits
  • The repayment term can be as long as 30 years
  • Loans up to $2 Million
  • SBA approval will take up to 21 days

What types of businesses are eligible?
  • Small, for-profit businesses and 501c3 non-profits (link below)
  • Eligibility for these working capital loans are based on:
    • Size and type of business (must be a small business)
    • Business’ financial resources
  • Collateral is required for loans greater than $25,000
    • Real estate as collateral if available
    • SBA will not decline a loan for lack of collateral

How can loan funds be used?
  • Working capital loans
  • Pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred
  • Not intended to replace lost sales/profits or for expansion
  • Applicants may apply online, receive additional disaster assistance information and download applications at Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email for more information on SBA disaster assistance. Individuals who are deaf or hard-of-hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

We strongly suggest that once you are registered, you download and/or print out the application, familiarize yourself with what is needed, do it manually and then submit online. The SBA wants you to have a complete application up front.
If the application is incomplete, it will be set aside, you will be notified what is missing, and it will stay there until they receive the new information, then you go to the back of the queue.

So take your time, make sure it is complete.
The SBA is experiencing high volumes of traffic and the site might be slow. Non-peak hours are from 7:00 p.m. - 7:00 a.m. EDT.

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