Apply online for an SBA disaster assistance loan. SBA will send an inspector to estimate the cost of damage, once your application is completed and submitted.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. What are the Credit Requirements? • Credit History – Applicants must have a credit history acceptable to SBA. EIDL assistance is available regardless of whether the business suffered any physical property damage. • Businesses, private nonprofits and cooperatives with fewer than 500 employees. Need an SBA-approved lender to apply for PPP? SBA takes real estate as collateral when it is available.