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City of Le Sueur News

Posted on: March 23, 2020

Economic Injury Disaster Loans (EIDL) Now Available

SBA Disaster Loan Assistance

Economic Injury Disaster loans (EIDL Loans) are now available for businesses through the U.S. Small Business Administration (SBA).  If you don’t see MN as an option, please clear your browsing history and try again.  It’s recommended that you print the application first and then go on-line and fill out the application.  It’s very important that you save your username and password for your application, if you don’t save these, there is no way to reset them and you’ll have to start the process again.

For more information on the loans, visit their Disaster Loan Assistance page or contact the SBA’s call center at (800) 659-2955.  All loans require a personal guarantee and loans over $25,000 require additional collateral.  If you apply and decide you don’t need the loan, you don’t have to take it and your allowed to pre-pay the loan in advance of the term.

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