Access flooding information on Disaster Resources.

May 5, 2020

EIDL Loan and Advance Now Open to Ag Producers

The U.S. Small Business Administration (SBA) is now accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications from agricultural businesses.

Previously excluded from the EIDL, agricultural businesses were explicitly granted access to the loan program in the latest round of coronavirus relief funding. However, while additional funding had been provided to the EIDL, the application process remained closed to new applicants due to the unprecedented submission of applications already received.

At this time, only agricultural business applications will be accepted due to limitations in funding availability and unprecedented submission of applications already received. The application process will remain closed to other types of businesses.

Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis. For agricultural businesses that submitted an EIDL application through the application portal prior to the legislative change, SBA will process these applications without the need for re-applying.

SBA is encouraging all eligible agricultural businesses with 500 or fewer employees wishing to apply to begin preparing their business financial information needed for their application.


SBA has provided a slide show presentation providing additional details on the EIDL for agricultural producers.

FAQs and Other Important Information

What agricultural businesses are eligible for the EIDL Loan and EIDL Advance programs?

Agricultural businesses include those businesses engaged in the production of food and fiber, ranching, and raising of livestock, aquaculture, and all other farming and agricultural related industries (as defined by section 18(b) of the Small Business Act (15 U.S.C. 647(b)).

How much can a business borrow?

SBA will determine your loan amount based on working capital needs.

What are the terms of the loan?

  • Interest rates are 3.75 percent for small businesses
  • Terms are up to 30 years
  • Payments are deferred for one year

How can loan funds be used?

These are working capital loans, and can be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred. These loans are not intended to replace lost sales/profits or for expansion.

What are the collateral requirements?

Economic Injury Disaster Loans over $25,000 require collateral, if available. General Security Interest (UCC) in business assets can be used to secure loans over $25,000. SBA will not decline a loan for lack of collateral.

How do I receive an advance?

You must check that you would like to be considered for an advance of up to $10,000 (towards end of application). You will need to provide bank account information where the funds will be deposited. The amount of the advance is determined by number of employees; $1,000 per employee up to a maximum of $10,000. The advance does not have to be paid back, and you do not have to qualify for loan to receive the advance. However, the advance will be subtracted from PPP forgiveness.


  • There is no cost to apply
  • There is no obligation to take the loan if offered
  • Borrowers with current SBA loans, including existing SBA Disaster Loans, are eligible for Economic Injury Disaster Loans if they meet the criteria but they cannot be consolidated
  • Example of information requested for application
    • Self-certify that business is an agricultural enterprise with not more than 500 employees
    • Business legal name, trade name, EIN or SSN for sole prop, organization type, business activity, number of employees
    • For the 12-month period prior to January 31, 2020:
      • Gross Revenues
      • Cost of Goods Sold
      • Cost of Operation, i.e. operating expenses
      • Compensation from other sources (reduces loan amount)

For more information on the EIDL Loan and EIDL Advance programs, visit the SBA Disaster Loan Applications webpage.