As of January 1, 2022, SBA stopped accepting applications for new COVID-19 EIDL loans or advances. We provide documents in different languages to help you understand eligibility requirements, fill out applications, and answer frequently asked questions.Applicants may apply online using the Electronic Loan Application (ELA) via. SBA can provide loans to help cover the costs and expenses that your business would have been able to handle if the disaster did not happen. Artists and arts organizations seeking legal assistance should fill out a legal inquiry form on VLA's website, indicating that it is a COVID-related request. Credit History Applicants must have a credit history acceptable to SBA. Repayment – Applicants must show the ability to repay the loan. If you are located in a declared disaster area, you may be eligible for financial assistance from the U.S. Small Business Administration (SBA). If a debtor with personally guaranteed SBA EIDL loans qualifies, they may file Chapter 7 to eliminate their debt and receive a fresh financial start. We support America's small businesses.