Your HR & People Operations Questions, AnsweredHow can I apply for an EIDL small business loan? I have rental businesses and all my renters are getting laid off.
HR Questions>How can I apply for an EIDL small business loan? I have rental businesses and all my renters are getting laid off.

How can I apply for an EIDL small business loan? I have rental businesses and all my renters are getting laid off.

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Mary Jane asked 2 years ago

1 Answer
Brittany Staff replied 2 years ago
Hi Mary Jane,

You can apply for the SBA coronavirus relief loan here: https://disasterloan.sba.gov/

The loan can be a maximum of $2 million and the interest rate will be 3.75%. It may take 2-3 weeks plus 5 days for funding.

It might also be worth it to see if your local government is offering grant and/or loan programs too. There’s a list of these programs that’s being regularly updated here: https://www.zenefits.com/workest/the-big-list-of-covid-19-financial-assistance-programs-for-small-businesses-by-state/

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