Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments.The first page of the application is simply to verify your eligibility for the loan program itself. (posted March 23, 2020). Here's how to apply for the SBA Disaster Loan, and what you'll need to know to complete the application successfully. The first step is to complete and submit the online application. Businesses must have fewer than 500 employees to be eligible for the loan. Find out how to apply for a small business disaster loan if your business suffered damage and is in a presidentially declared disaster area. If you haven't yet applied for an Economic Injury Disaster Loan (EIDL), you have until December 21, 2020 to submit your application. The first step is to complete and submit the online application.