COVID-19 Economic Injury Disaster Loan
Bounce back from the pandemic. Get the help that you and your business deserve.
This loan provides economic relief to small businesses and nonprofit organizations that are currently experiencing a temporary loss of revenue.
Modified Loan Amount
COVID-19 EIDLs can be modified by increasing the amount up to 24 months of the economic injury or a maximum of $500,000, whichever is less.
Extended maturity date
Maturity of 30 years
PPP Borowers still qualified
Borrowers can apply for both the PPP and EIDL, although funds from both cannot be used for the same purpose.
Multiple Business Eligibility
You can submit one application per eligible business. However, at least 81 percent ownership for each business needs to be accounted for on the application.
Economic Injury Disaster Loan (EIDL)
SBA is currently accepting new COVID-19 EIDL applications from all qualified small businesses, including agricultural businesses, and private nonprofit organizations.
Targeted EIDL Advance
Advance funds of up to $10,000 will be available to applicants in low-income communities who previously received an EIDL Advance for less than $10,000, or those who applied but received no funds due to lack of available program funding.
Supplemental Targeted Advance (limited eligibility)
Completing the Targeted EIDL Advance application is a requirement to be considered for the Supplemental Targeted Advance, and SBA is reaching out directly to those who may qualify.
Why Uptrend Credit Counseling?
Keep in touch with our easy to access customer service. Get an answer to your questions fast and real-time update about your application.
Fast and Secure Application
We will walk you through the application process. Simple and Fast!
Credit Score Improvement
Uptrend is the perfect place in terms of educating, guiding, and help you deal with your credit the right way. We are your one-stop shop for your credit needs to help you become eligible for the EIDL loan.
Achieve Financial Independence and Success
Learn how to achieve financial independence and success after you got funded through the help of Uptrend Credit Counseling.
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