In response to the Coronavirus (COVID-19) pandemic, small business owners and non-profit organizations in all U.S. states, Washington D.C., and territories are able to apply for an Economic Injury Disaster Loan (EIDL). EIDL is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. EIDL proceeds can be used to cover a wide array of working capital and normal operating expenses, such as continuation to health care benefits, rent, utilities, and fixed debt payments. SBA resumed accepting new Economic Injury Disaster Loan (EIDL) applications on June 15 to all qualified small businesses, including U.S. agricultural businesses.
The new eligibility for U.S. agricultural businesses is made possible by new authority granted by Congress in response to the COVID-19 pandemic.
- 620 Experian credit score
- Must have a business
- Business EIN
- Business bank account
- Business must be active before February 2020
- Business email
- Business phone number ( may be a cell phone)
- Not in child support arrears
- Must have 2019 tax return
myFICO makes it easy to understand your credit with FICO Scores, credit reports and alerts from all 3 bureaus.