SBA Informational Webinars - Preparing and Applying for an SBA Economic Injury Disaster Loan

Texas small business can now apply for SBA Economic Injury Disaster Loans (EIDL) to help with the COVID-19 crisis.

What's an EIDL?

• The SBA EIDL program can provide low-interest loans of up to $2M to businesses and private non-profits.
• EIDLs may be used to pay fixed debts, payroll, accounts payable and other bills.
• The interest rate is 3.75% for small businesses without credit available elsewhere. The interest rate for non-profits is 2.75%.
• EIDLs have long-term repayment options, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based on borrower's ability to repay.

How do I apply?

• Online at SBA.gov/disaster
• Need help? Call the SBA's Disaster Customer Service Center at 800-659-2955 or email disastercustomerservice@sba.gov. Individuals who are deaf or hard-of-hearing can call 800-877-8339

Join the SBA Houston District Office as they provide the latest information from SBA to help small businesses with their economic recovery from the effects of the Coronavirus. They will give information on how to apply and where you can get additional help with preparing and applying for an SBA Economic Injury Disaster Loan. Sessions will allow for chat Q&A.