Emergency Economic Injury Disaster Loans

Emergency Economic Injury Disaster Loans (EIDLs) are federal loans provided by the Small Business Administration to help small businesses and nonprofits recover from temporary financial setbacks caused by disasters, such as natural calamities or emergencies. These loans offer funds to cover operating expenses like payroll, rent, and inventory, enabling businesses to stabilize their operations. EIDLs typically have low interest rates and longer repayment terms, making them a practical option for businesses seeking financial relief during challenging times. They are intended to support continuity and recovery, helping businesses rebuild after a disaster.