Sba form 3501-2025

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SBAs Economic Injury Disaster Loans offer up to $2 million in assistance per small business and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
You are responsible for your COVID-19 EIDL monthly payment obligation beginning 30 months from the disbursement date shown on the top of the front page of your Original Note. During this deferment: You may make voluntary payments without prepayment penalties.
If you are still finding it hard to pay back your EIDL loan, the SBA hardship accommodation program may provide some temporary relief from unaffordable EIDL payments, but its a short-term solution. Interest continues to accrue, and eventually your business will need to make those payments.
To qualify for an SBA disaster loan you must operate a business located within a declared disaster zone. This might include a city, county, state, or country depending on the nature of the disaster.
SBA can provide loans to help cover the costs and expenses that your business would have been able to handle if the disaster did not happen. The EIDL amount will depend on how much financial impact you have experienced and your companys financial needs, even if you didnt suffer any property damage.