Economic Injury Disaster Loan


Economic Injury Disaster Loan

The U.S. Small Business Administration’s (SBA) Economic Injury Disaster Loan (EIDL) provides economic relief to businesses that are currently experiencing temporary difficulties and loss of revenue. Under Governor Doug Ducey’s leadership, the SBA approved an Economic Injury Disaster Loan declaration for Arizona that will help small businesses in the state impacted by COVID-19. 


There is no minimum loan requirement, although loans are capped at $2,000,000 per business. EIDL may supplement a Paycheck Protection Program loan as long as the funds are not used for the same purpose. The loan repayment may be deferred for up to one year and repayment terms up to 30 years are available.


Funds may be used to meeting the capital needs of small businesses caused by the COVID-19 response. This includes:

  • Financial obligations
  • Operating costs
  • Fixed debt payments
  • Payroll
  • Account payable
  • Extraordinary expenses


Small businesses including:

  • Less than 500 employees
  • Independent contractors
  • Nonprofits 501(c)3
  • Veterans organizations 501(c)(19)
  • Tribal businesses
  • Agricultural businesses 18(b): production of food and fiber, ranching and raising of livestock, aquaculture, and all other farming and agricultural related industries

EIDL Advance

The application for the EIDL Advance is now closed.


Through the CARES Act, small businesses may apply for a $10,000 advance but you must reapply. This advance is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. This loan advance will not have to be repaid. Recipients do not have to be approved for a loan in order to receive the advance, but the amount of the loan advance will be deducted from total loan eligibility.