Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments.There are no pre-payment penalties. To apply for an EIDL loan or advance, a business must complete an online application on the SBA website. Also, Arizona EIDLs have much longer repayment terms (30 years). Businesses must have fewer than 500 employees to be eligible for the loan. Find out how to apply for a small business disaster loan if your business suffered damage and is in a presidentially declared disaster area.