Each State must follow these steps: 1. EIDL Loan assistance is available regardless of whether the business suffered any physical property damage.Credit History – Applicants must have a credit history acceptable to SBA. • Repayment – Applicants must show the ability to repay the loan. Notice: the COVID-19 EIDL program is not accepting new applications, increase requests, or reconsiderations. Gov to apply for a disaster assistance loan. Will the money run out? You will need to download the form, fill it out separately, and then re-upload the form. Businesses must have fewer than 500 employees to be eligible for the loan. The EIDL provides access to a low-interest rate loan in light of the pandemic.