SBA Economic Injury Disaster Loan

On March 18th, 2020,  the U.S. Small Business Administration (SBA) designated all counties in Georgia eligible for low-interest federal disaster loans for working capital to small businesses suffering economic injury during this national event.

Some details of the SBA Economic Injury Disaster Loan:

Any such Economic Injury Disaster Loan assistance declaration issued by the SBA makes loans available statewide to small businesses and private, non-profit organizations to help alleviate economic injury caused by the Coronavirus (COVID-19). This will apply to current and future disaster assistance declarations related to the novel Coronavirus.

  • SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
  • These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%.
  • SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.
  • SBA’s Economic Injury Disaster Loans are just one piece of the expanded focus of the federal government’s coordinated response, and the SBA is strongly committed to providing the most effective and customer-focused response possible.
  • For direct questions to the SBA, please contact the SBA disaster assistance customer service center at 1-800-659-2955 (TTY: 1-800-877-8339)

The University of Georgia Small Business Development Center (SBDC) has 17 offices across the state, covering every county, with consultants available to assist small business owners through the SBA Economic Injury Disaster Loan application process.


Many of our offices are working remotely, so if you do call and reach a voicemail, we will work to return your call as soon as possible. Please consider us a resource to assist you during these challenging times and let us know how we can be of service.