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Small Business Administration Economic Injury Disaster Loan

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.

Apply online  |  Check the status of your loan application by calling 1-800-659-2955. 

SBA Coronavirus Relief Options
In addition to traditional SBA funding programs, the CARES act established several new temporary programs to address the COVID-19 outbreak.
  • Paycheck Protection Program
  • EIDL Loan Advance
  • SBA Express Bridge Loans
  • SBA Debt Relief
Which program might be best for your business? View a comparison here.
SBA Approved Louisiana Banks (preferred lender list as of 3/27/20)
Find a local Paycheck Protection Program Lender

Need assistance? LSBDC at University of Louisiana at Lafayette  |  (337) 482-6312  |  [email protected]

Are you an independent contractor or self employed? You can apply! Get details here.

Please consult with your banking, accounting, legal or tax professional to determine how these programs may impact your business and employees. Information is subject to change as rules are developed and finalized.


Webinar: Understanding Financial Assistance for Small Business Due to COVID-19 Disruptions (4/15/20)
Presenter: Heidi Melancon, Louisiana Small Business Development Center (LSBDC) at UL Lafayette

An overview of programs available to small businesses including the Small Business Administration's Paycheck Protection Protection and Economic Injury Disaster Loan, the Louisiana Loan Portfolio Guaranty Program, and the Pandemic Unemployment Assistance Program. Learn about the programs, who is eligible, how to apply, and when to expect assistance.


Do you have questions or something to add? Email us.