COVID EIDL is an expansion of the federal disaster relief loan designed to better serve and support small business communities still reeling from the pandemic, especially hard-hit sectors such as restaurants, gyms, and hotels. The SBA is ready to receive new applications immediately from small businesses looking to take advantage of these new policy changes. COVID EIDL funds will now be eligible to prepay commercial debt and make payments on federal business debt. Learn more about eligibility and application requirements. The last day that applications may be received is December 31, 2021. All applicants should file their applications as soon as possible.
Questions on SBA EIDL disaster loan payments can be answered by email at: DisasterCustomerService@sba.gov or by calling SBA’s Customer Service Center:
1-800-659-2955 (TTY: 1-800-877-8339). Ask to speak with a loan officer, provide all pertinent contact information and include your loan number.