Nebraska has now been issued the required Federal Declaration of disaster to allow small business owners to apply for low-interest SBA Economic Injury Disaster Loans (EIDLs). Any small business owner affected by COVID-19 since the beginning of January 2020 can apply for the loan here.
Applications can be submitted online through the SBA Disaster website. The application requires the following documents:
- Loan application (SBA Form 5)
- IRS Form 4506-T signed by each applicant, each principal owning 20% or more of the applicant business, each general partner or managing member, or any owner that has more than 50% ownership in an affiliate business (business parents, subsidiaries, etc.)
- Personal Financial Statement (SBA Form 413D) signed by the above listed people
- Schedule of liabilities listing all fixed debts (SBA Form 2202 may be used)
- Most recently filed Federal Income Tax returns
Online applications are highly encouraged. SBA Forms can be found here: https://disasterloan.sba.gov/ela/Information/PaperForms