Coronavirus (COVID-19) Resource Center > Economic Injury Disaster Loans (EIDL)


Economic Injury Disaster Loans (EIDL) provide businesses a way to pay normal operating expenses that can’t be paid during a disaster. It is based on applicants’ credit and ability to repay.


  • Everyone who applies will receive a $10,000 advance within 3 days, regardless of credit or final approval.

What can funds be used for?

  • Payroll
  • Regular debt and lease payments
  • Rent or mortgage payments
  • Accounts Payable

How much can I get?

  • $10,000 advance within 3 Days
  • Up to $200,000 without a personal guarantee

Keep in Mind:

  • You will be asked to keep track of the expenses you paid with the funds.
  • You are eligible to use both and EIDL and a Payroll Protection Program (PPP) loan, but you cannot use both loans to pay for the same expense
  • Submit support documents AFTER you get advance.

Support Docs to Get Ready (after you apply):

  • Most recent Federal Tax Return (all schedules)
  • IRS Form 4506T
  • Personal Financial Statements

Additional Resources

Learn more about the Payroll Protection Program