The following information was received from the Kentucky Chamber of Commerce.
SBA Economic Injury Disaster Loans and Emergency Economic Injury Grants

An SBA Economic Injury Disaster Loan (EIDL) is a low-interest federal disaster loan for working capital up to $2 million, with principal and interest deferment available up to 4 years, that may be used to pay expenses that could have been met had the disaster not occurred, including payroll and other operating expenses. An SBA Emergency Economic Injury Grant is an emergency grant that provides an emergency advance of up to $10,000 to small businesses harmed by COVID-19 within 3 days of applying for an SBA EIDL. To access the advance, you must first apply for the EIDL loan. The advance does not need to be repaid and may be used to keep employees on the payroll, sick leave, supply disruptions or business obligations.

EIDL funds come directly from the US. Treasury. Applications go through SBA’s Disaster Loan Program at: . Click on “Apply for Assistance”, then “Economic Injury Disaster Loans and Loan Advance”.

  • Fewer than 500 employees
  • Been in operation since January 31, 2020
  • Up to $2 million (3.75% for small business with terms up to 30 years at a fixed rate)
  • Up to $25,000 unsecured
  • No cost to apply and no obligation to take loan if approved
American Pharmacy Services Corporation |
P: 800-928-2228 | P: 502-695-8899 | F: 502-695-9912