Ohio Small Businesses Now Eligible For SBA Economic Injury Disaster Loans

The SBA is unable to accept new applications for the EIDL COVID-19 related assistance program, including EIDL Advances, based on available appropriations funding. Applicants who already submitted their applications will continue to be processed on a first-come, first-served basis.  

Thanks to a concerted effort by the state of Ohio and the U.S. Small Business Administration

Ohio small businesses are now eligible for SBA's Economic Injury Disaster Loans. Please see below for more information:

  • Low-interest loans of up to $2 million are available for small businesses and private non-profits.
  • Loans may be used to pay fixed debts, payroll, accounts payable and other bills and have repayment options of up to 30 years. 
  • Interest rates are 3.75% for small businesses and 2.75% for private non-profits.
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