Roth Melei petsche spencer attorneys at law

Providing aggressive, effective and responsive legal services in Mchenry County and the Chicagoland area since 1992.

The Small Business Administration’s Economic Injury Disaster Loan Program (EIDL) can provide up to $2 million of financial assistance (actual loan amounts are based on amount of economic injury) to small businesses or private, non-profit organizations that suffer substantial economic injury as a result of the declared disaster, regardless of whether the applicant sustained physical damage.

An EIDL can help you meet necessary financial obligations that your business or private, non-profit organization could have met had the disaster not occurred. It provides relief from economic injury caused directly by the disaster and permits you to maintain a reasonable working capital position during the period affected by the disaster. EIDLs do not replace lost sales or revenue.

To be eligible for EIDL assistance, small businesses or private non-profit organizations must have sustained economic injury and be located in a disaster declared county or contiguous county.

MCHENRY COUNTY, KANE COUNTY, LAKE COUNTY, DUPAGE COUNTY AND COOK COUNTY, ALONG WITH ALL OTHER ILLINOIS COUNTIES, HAVE BEEN DECLARED A FEDERAL DISASTER AREA.

Application can be made online by following this link:  https://disasterloan.sba.gov/ela/Information/ApplyOnline

However, due to traffic, it seems that wait times are lengthy.  To get an idea of what information is needed for the application, or to apply by mail, see documents below.

ELA0-Schedule Of Liabilities
SBA Form 2202 Instructions
ELA0-Personal Financial Statement
ELA0-Request for Transcript of Tax Return
ELA0-Loan Application
ELA0-Monthly Sales Figures
EIDL Supporting Information (P-019)
ELA0-Fee Disclosure Form and Compensation Agreement