Coronavirus (COVID-19) - SBA’s Economic Injury Disaster Loans
The U.S. Small Business Administration 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). SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance for each affected small business. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
Governor John Bel Edwards has submitted Louisiana’s SBA application package for statewide coverage to the federal authorities, and as of March 19, 2020, the SBA has issued under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, an Economic Injury Disaster Loan declaration for Louisiana.
See the SBA link below to apply:
https://disasterloan.sba.gov/ela/ or Call Toll Free 1-800-659-2955
See below to download the forms and applications as well. It is recommended, however, that you file electronically online with SBA portal link above.
Economic Disaster Injury Worksheet
SBA Disaster Business Loan Application
SBA Disaster Personal Financial Statement (Form 413D)
Military Reservist Economic Injury-Monthly Sales Figures (Form 1368)