Small Business Association Economic Injury Disaster Loans Deadline Update

Due to the summer of 2018’s storms and a building fire, the Commonwealth requested and obtained a Small Business Administration (SBA), Economic Injury Disaster Loan (EIDL) Declaration. 

The below table shows the designated Counties that received the SBA EIDL declaration, the event dates the economic loss needs to be attributed to, and the date the SBA EIDL application period expires.

EIDL assistance is available only to small businesses, small agricultural cooperatives, and most private nonprofit organizations in the designated counties and after the SBA determines they are unable to obtain credit elsewhere.

Loan Amounts and Use:

Substantial economic injury means the business is unable to meet its obligations and to pay its ordinary and necessary operating expenses. EIDLs provide the necessary working capital to help small businesses survive until normal operations resume after a disaster.

The SBA can provide up to $2 million to help meet financial obligations and operating expenses that could have been met had the disaster not occurred. The loan amount will be based on the actual economic injury and the company’s financial needs, regardless of whether the business suffered any property damage.

How to Apply: 
Businesses can apply online for an SBA disaster assistance loan.

Businesses must submit the completed loan application and a signed and dated 

IRS Form 4506-T giving permission for the IRS to provide SBA your tax return information. 

For additional information, please contact the SBA disaster assistance customer service center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or

IRS Form 4506-T giving permission for the IRS to provide SBA your tax return information. 

For additional information, please contact the SBA disaster assistance customer service center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or email.

In addition to the SBA disaster assistance loans, the Chamber also offers a low interest loan program that offers loans between $5-20K with a fixed interest rate of 3% and terms not to exceed five years. For additional information, see the guidelines and download an application.