Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments.The first hardship accommodation allows a business to pay 10 percent of the monthly loan payment it owes for a sixmonth period. EIDL loans may only be used for specific types of business expenses. Find out legitimate ways you can use your EIDL loan. Today we're going to make a quick video on how to apply for your sba eidl loan. We're going to go through the actual application form itself. Here are answers to some common questions from small business owners about Economic Injury Disaster Loans (EIDLs). The only way these the EIDL loans will be forgiven is If the house passes a bill.