SBA Economic Injury Disaster Loans (EIDL) & Grant Opportunities

/in , , /by

Join the South Carolina District Office and our Resource Partners to learn about the Economic Injury Disaster Loan (EIDL). This is a direct government loan of up to $2 million to small businesses and non profits that were in operation as of Jan 31, 2020.

Interest Rate and Term:

  • Businesses: 3.75% fixed for 30 years
  • Private nonprofit organizations: 2.75% fixed for 30 years
  • 24 month deferment period for repayment
  • Loan applications taken through 12/31/2021 (or whenever funding is exhausted, whichever comes first.)
  • Grant applications should be submitted by 12/10/2021 as they MUST finish processing by 12/31/2021.

For additional information, contact Valerie Torstenson at valerie.torstenson@sba.gov.