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Economic Injury Disaster Loan (EIDL)

In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories were able to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. This loan advance will not have to be repaid. SBA resumed accepting new Economic Injury Disaster Loan (EIDL) applications on June 15 to all qualified small businesses, including U.S. agricultural businesses.

The new eligibility is made possible as a result of the latest round of funds appropriated by Congress in response to the COVID-19 pandemic.

  • Agricultural businesses includes 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)).
  • 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.

You can apply for the EIDL Loan here: Apply for Economic Injury Disaster Loan

Still Have Questions?

Contact your banker directly.

Call Fidelity Bank at (952) 831-6600.

Send the Fidelity Bank team at commerciallending@fidelitybankmn.com.

This is not a secure email system. This email address is for inquiries only. Do not send confidential information, including application related information, through this email. We are not accepting applications through this email. As a reminder, Fidelity Bank is a local, independent bank located in Edina, MN, serving the MN-based business communities.