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SBA Economic Injury Disaster Loans

Author: South Valley Chamber
Published: March 18, 2020

The State of Utah has now been granted access to the SBA Economic Injury Disaster Loan Fund (EIDL). Small businesses and private non-profits can apply today.

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Important Info Regarding EIDL Funds:

Loans up to $2 million
3.75% interest rates for businesses without credit available elsewhere
2.75% interest rates for nonprofits.
Terms of the loan may be up to 30 years.
Loans can be used for payroll, fixed debts, accounts payable, or other bills.
The SBA will work with businesses to create a plan that accounts for their ability to repay the loan.