Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments.Explore whether you can get forgiveness for an SBA EIDL loan. This comprehensive guide covers eligibility as well as alternative options. Confirm your business is in a disaster area. Your EIDL application may be denied if your credit score is lower than 680, you have any delinquencies or bankruptcies in your past or your business is new. First, the SBA does NOT lend directly to small businesses. The business has to go through a bank in order to receive funding thru SBA programs. 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.