Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments.Physical Loan Application Deadline. However, you may be eligible for a larger EIDL loan. The SBA has recently increased the amount available to businesses that received EIDL loans. SBA EIDL loans are not assumable, meaning they cannot be transferred to another party. "You are responsible for your COVID-19 EIDL monthly payment obligation beginning 30 months from the disbursement date," says the SBA on its website. How do you apply for an Economic Injury Disaster Loan? The COVID19 EIDL program, established to help small businesses recover from the COVID19 pandemic, is no longer accepting applications.