Economic Injury Disaster Loan (EIDL)

The Economic Injury Disaster Loan (EIDL) is a program from the U.S. Small Business Administration that provides financial assistance to small businesses and nonprofits affected by declared disasters. It offers low-interest, long-term loans to help cover financial losses caused by events like natural disasters or economic downturns. The funds can be used for operating expenses, payroll, rent, and other critical costs to help businesses recover and stay afloat during difficult times. EIDLs aim to provide immediate relief and support long-term stability for affected entities.