SBA Economic Injury Disaster Loans

The following outlines a summary of information provided by the U.S. Small Business Administration

Small business owners in Wisconsin are currently eligible to apply for a low-interest federal loan for working capital from the U.S. Small Business Administration (SBA) due to the Coronavirus (COVID-19). These federal disaster loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of COVID-19’s impact. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%. The SBA offers loans with long-term repayments, up to a maximum of 30 years, in order to keep payments affordable, with terms determined on a case-by-case basis, based upon each borrower’s ability to repay.

What businesses are eligible to apply?

SBA’s Economic Injury Disaster Loans (or working capital loans) are available to small businesses, small agricultural cooperatives, small aquaculture businesses and most private non-profit organizations. The applicant business must have a physical presence in the declared disaster area.

What is the criteria for loan approval?

  • Credit History - Applicants must have a credit history acceptable to SBA.
  • Repayment - SBA must determine that the applicant business has the ability to repay the SBA loan.
  • Eligibility - The applicant business must be physically located in a declared county and suffered working capital losses due to the declared disaster, not due to a downturn in the economy or other reasons.

What forms are needed to apply?

  • Tax Information Authorization (IRS Form 4506T) for the applicant, principals and      affiliates.
  • Complete copies of the most recent Federal Income Tax Return.
  • Schedule of Liabilities (SBA Form 2202).
  • Personal Financial Statement (SBA Form 413).
  • Profit and loss statements
  • Monthly sales figures (SBA Form 1368)

Where do businesses apply?

  • Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure      website at
  • Paper loan applications can be downloaded from Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
  • Disaster loan information and application forms may also be obtained by calling the      SBA’s Customer Service Center at 800-659-2955
  • (800-877-8339 for the  deaf and hard-of-hearing) or by sending an email to

Where is there local SBA assistance?

For more information and to apply for an SBA federal disaster loan, visit For more information on all federal programs, visit or (español).

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