Skip to main content.
Western Iowa Advantage Logo Logo
  • Home
  • Contact
  • Housing Opportunites
  • Home
  • Contact
  • Housing Opportunites
  • About
    • Economic Development Partners
    • 2021-2022 Annual Report
    • Resource Partners
    • Contact
  • Living
    • Housing Opportunites
    • Cost of Living
    • Education
    • Healthcare
    • Recreation and Culture
      • Audubon County
      • Calhoun County
      • Carroll County
      • Crawford County
      • Greene County
      • Ida County
      • Sac County
  • Regional Profiles
  • Site Selectors
    • Available Sites
    • Available Buildings
    • Target Industries
      • Advanced Manufacturing
      • Advanced Agriculture Technology and Bioscience Industries
      • Advanced Agriculture Manufacturing
      • Value Added Food Processing
      • Data and Information Technology
    • Featured Employers
    • Business Advantages
    • Infrastructure
    • Iowa Industry Profiles
    • Regional Profile
    • County Profiles
      • Audubon
      • Calhoun County
      • Carroll
      • Crawford
      • Greene
      • Ida
      • Sac
  • Workforce
    • Home Base Iowa
    • Workforce Data
    • Workforce Resources
    • Laborshed Data Reports
      • Audubon (Audubon County)
      • Carroll (Carroll County)
      • Denison (Crawford County)
      • Ida Grove (Ida County)
      • Jefferson (Greene County)
      • Lake City (Calhoun County)
      • Sac City (Sac County)
  • News and Resources
    • Submit a News Article
    • Newsletter Archive
    • Newsletter Sign Up
    • Webinars, Workshops and Other Resources
News and Media
Follow Us!
  • LinkedIn
  • Facebook
  1. Home
  2. News And Resources
  3. Sba Economic Injury Disaster Loan Assistance Information For Iowa Businesses
  • Facebook
  • Twitter
  • LinkedIn
  • Email
  • Print
Search
SBA Economic Injury Disaster Loan Assistance: Information for Iowa Businesses main photo

SBA Economic Injury Disaster Loan Assistance: Information for Iowa Businesses

April 9, 2020

Western Iowa businesses can receive financial assistance from the SBA and their Economic Injury Disaster loan program.

The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).

ELIGIBLE ENTITIES:

  • Applicants must meet the SBA requirements of a small business (500 employees or fewer)
  • Businesses directly affected by COVID-19
  • Businesses that offer services directly related to the businesses in the declaration. In other words, if your business serves small businesses impacted by COVID-19 you would qualify
  • Other businesses indirectly related the industry that are likely to be harmed by losses in their community (Example: Manufacturer of widgets may be eligible as well as the wholesaler and retailer of the product)
  • Nonprofit businesses  

SBA Economic Injury Disaster Loans Facts 

  • The information on the application process for Economic Injury Disaster Loan assistance can be found at SBA.gov/disaster.
  • SBA’s 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.
  • 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 without credit available elsewhere; businesses with credit available elsewhere are not eligible. 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.

Apply & Get Information 

For additional information, please contact the SBA disaster assistance customer service center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail disastercustomerservice@sba.gov.

You can complete the application online or download a paper application. If completing a paper application, it should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

 

Yellow faded road

Iowa By the Numbers

#5

Iowa Is The 5th Best-run State In The Nation

24/7 Wall Street, 2018

#2

Iowa Has The #2 Lowest Cost Of Doing Business In The Country

Business Facilities, 2017

$30.058b

Contribution From Iowa's Largest Industry Sector - Advanced Manufacturing

Bea, 2019

80

Insurance Companies Headquartered In Iowa

Iowa Insurance Division

Western Iowa Advantage Logo
P.O. Box 768 Carroll, IA 51401 • 712.792.9914 • info@westerniowaadvantage.com
© 2025 Western Iowa Advantage. All rights reserved. Economic Development Websites by Golden Shovel Agency.
  • Home
  • Contact
  • Site Map
Add to Report View Custom Report