SBA Economic Injury Disaster Loans (EIDL)

& EIDL Advance

Application re-opened as of 6/15

The SBA's "Economic Injury Disaster Loan" (EIDL) program provides:

  • Low-interest loans of $25,000 to $2 million to small businesses and private non-profits affected by the COVID-19 pandemic.

  • These "working capital loans" can be used to meet needs including payroll, accounts payable, and fixed debt payments until the situation improves.

  • View full details on SBA's Disaster Loan website 


    • As of 6/15, the SBA has begun accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications from qualified small businesses and U.S. agricultural businesses.

      • SBA has resumed processing EIDL applications that were submitted before the portal stopped accepting new applications on April 15 and will be processing these applications on a first-come, first-served basis.

    • Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.

      • For agricultural businesses that submitted an EIDL application through the streamlined application portal prior to the legislative change, SBA will process these applications without the need for re-applying.

    • Agricultural businesses includes those businesses engaged in the production of food and fiber, ranching, and raising of livestock, aquaculture, and all other farming and agricultural related industries (as defined by section 18(b) of the Small Business Act (15 U.S.C. 647(b)).

    • SBA is encouraging all eligible agricultural businesses with 500 or fewer employees wishing to apply to begin preparing their business financial information needed for their application. 

EIDL Advance of up to $10,000

On March 29th, following the passage of the CARES Act, the SBA provided small business owners and non-profits impacted by COVID-19 with the opportunity to obtain up to $10,000 Advance on their Economic Injury Disaster Loan (EIDL).

  • To ensure the greatest number of applicants can receive assistance during this challenging time, the amount of the Advance will be determined by the number of the small business' pre-disaster (as of January 31, 2020) employees.

  • The Advance will provide $1,000 per employee up to a maximum of $10,000. 

  • The Advance is available as part of the full EIDL application (a check box on the EIDL application) and will be transferred into the account the applicant provides shortly after submitting the EIDL application. 

Interested in applying for a SBA Economic Injury Disaster Loan?  

1. Familiarize yourself with the process, requirements, criteria, and application itself FIRST via the below resources BEFORE starting the application or contacting our center.

  • Applicants MUST ensure they have ALL required documentation submitted to the SBA for consideration when submitting an application. 

  • View the SBA Disaster Assistance Loan Website

  • View the SBA Disaster Loan Fact Sheet

  • View the Three Steps of the Disaster Loan Process 

  • Want to compare just PPP and EIDL and see how the EIDL Advance fits into the picture?​

  • Want to compare and contrast the the EIDL and EIDL Advance  to the other three (3) SBA Coronavirus Pandemic Disaster Loan programs?


    • Incomplete submissions will delay the application process.​

    • If you do not already have a login, you can register to create an account. You will then be directed to the required application form.

    • Businesses will receive an app number once someone in the loan center enters your documents into the system.

    • If you started using the old system, upload a cover page and then complete and upload the unfinished documents noting the application number you were previously given on each page.

    • The disaster loan center will send out email notifications when the status changes on your application. 

    • Chrome browser seems to work best if you are having technical difficulties. ​​

2. Assemble the Required Forms and apply


3. Want to check the status of your EIDL application?

  • You can check the status of your EIDL application on the SBA's website by clicking the green "Check Application Status" button 

  • Note: You  must have your username, password, and EIDL application # to login. 

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Our SBDC is funded in part through a cooperative agreement with the the U.S. Small Business Administration, the Illinois Department of Commerce and Economic Opportunity, Illinois Wesleyan University, the City of Bloomington, and the Town of Normal. 

Small Busness Administration
Illinois Department of Commerce and Economc Opportunity
City of Bloomington, IL
Town of Normal, IL