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Mar 20 2020

Do I Qualify for an SBA Disaster Loan? Here are the Straight Facts.


Utah District Office  - March 19, 2020

u s small business administration

DO I QUALIFY? HERE IS THE RUNDOWN ON SBA'S ELIGIBILITY FOR ECONOMIC INJURY DISASTER LOAN (EIDL) PROGRAMS

COVID-19: Guidance for Small Businesses  sba.gov/coronavirus

With so much information being distributed, it's important to know what's accurate. Regarding SBA Economic Injury Disaster Loans (EIDL), many business owners and homeowners want to know..."Am I eligible?" Here's the straight scoop.

 

Who is eligible?:

  • A small business concern
  • Most private non-profits of any size
  • A small business engaged in aquaculture
  • Small agricultural cooperative


Eligibility criteria
:

  • Located (physical presence) within the declared disaster area
  • Have suffered, or are likely to suffer, substantial economic injury as a result of the disaster
  • Do not have Credit Available Elsewhere
  • The size of the applicant alone (without affiliates) must not exceed the size standard for the industry in which the applicant is primarily engaged
    and
  • The size of the applicant combined with its affiliates must not exceed the size standard designated for either the primary industry of the applicant alone or the primary industry of the applicant and its affiliates, whichever is higher.
  • Must be an independently owned and operated business


Ineligible EIDL Applicants
:

  • Lending and Investment Concerns (except for real estate investments held for rental)
  • Multi-level sales distribution (Pyramid) Concerns
    Speculative Activities
  • Non-profit Organizations that are not considered a Private Non-Profit
  • Consumer and Marketing Cooperatives (other cooperatives and small agricultural cooperatives are eligible)
  • Not a small business concern (except for PNP of any size)
  • Gambling concerns ( concerns that derive more than one-third of their annual gross revenue for legal gambling activities)
  • Casinos, racetracks, etc. (businesses whose purpose for being is gambling)
  • Loan packagers (who derive more than one-third of their annual volume from the preparation of applications seeking financial assistance from SBA)
  • Religious organizations
  • Political or lobbying concerns
  • Pawn shops (when 50% or more of previous year’s income was derived from interest)
  • Real estate developers
  • Life insurance companies
  • Concerns engaged in illegal activities (as defined by Federal guidelines)
  • Government-owned concerns (except for businesses owned or controlled by a Native American tribe)
  • Concerns with principals incarcerated, on parole or probation
  • Concerns engaged in live performances of, or the sale of products or services of a prurient sexual nature
  • Businesses considered as hobbies
  • Concerns not located in the declared disaster
  • Concerns determined to have credit available elsewhere
  • Concerns involved in change in ownership situations.
  • Concerns established post-disaster
  • PNPs engaged in aquaculture
  • Feedlot operators
  • Agricultural enterprises
  • Members of congress

APPLY ONLINE FOR A DISASTER LOAN


APPLY ONLINE:
https://disasterloan.sba.gov/ela.
- Apply online
- Get additional disaster assistance information
- Download applications

NEED MORE HELP:
SBA EIDL Customer Service Center
Phone: (800) 659-2955
Email: disastercustomerservice@sba.gov

HEARING IMPAIRED:
(800) 877-8339.

PAPER APPLICATION BY MAIL
Completed applications should be mailed to:
U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX  76155.

FEDERAL GOVERNMENT CORONAVIRUS INFO:
Coronavirus.gov.

SBA CORONAVIRUS INFO:
SBA.gov/coronavirus.



SBA Utah District Office Staff Contact Information:

Marla Trollan, District Director
marla.trollan@sba.gov
(o) 801-524-3200
(c) 385-218-1995

Chris Stever, Deputy District Director
christopher.stever@sba.gov
(o) 801-524-3215
(c) 385-266-1495

John Gygi, District Counsel
john.gygi@sba.gov
(o) 801-524-3205
(c) 801-889-6170

Ian Lorenzana, Public Information Officer
ian.lorenzana@sba.gov
(o) 801-524-3218
(c) 385-388-3276

Siobhan Carlile, Public Affairs Specialist
siobhan.carlile@sba.gov
(o) 801-524-3217
(c) 706-267-1145

Don MacMillan, Lender Relations Specialist
donald.macmillan@sba.gov
(o) 801-524-3226
(c) 603-732-2373

Karl Wernick, Lender Relations Specialist
karl.wernick@sba.gov
(o) 801-524-3210
(c) 385-355-5815

Melinda Workman, Economic Development Specialist
melinda.workman@sba.gov
(o) 801-524-3213
(c) 385-266-1853

Rachel Bennett, Economic Development Specialist
rachel.bennett@sba.gov
(o) 801-524-3204
(c) 385-355-5677

Cody Neville, Business Opportunity Specialist
cody.neville@sba.gov
(o) 801-524-3206
(c) 801-828-0796

Cheryl Richens, Administrative Officer
Cheryl.richens@sba.gov
(o) 801-524-3219
(c) 801-452-3851