SBA Economic Injury Disaster Loan Checklist | IOOGO



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SBA Economic Injury Disaster Loan Checklist

The Small Business Administration has expanded its Economic Injury Disaster Loan to include businesses in all 50 states affected by COVID-19. The good news is they have simplified the process for applications specific to COVID-19 impacted businesses. Below is a list of items required as part of the application process. Let us know if you need help with the application.
TIPS: The SBA website is experiencing high volumes of traffic. Their non-peak hours are from 7:00 pm – 7:00 am.

  • Verify entity setup
  • Review and verify the following
    • Applicant is not engaged in any illegal activity (as defined by Federal guidelines).
    • No principal of the Applicant with a 50 percent or greater ownership interest is more than sixty (60) days delinquent on child support obligations.
    • Applicant is not an agricultural enterprise (e.g., farm), other than an aquaculture enterprise, agricultural cooperative, or nursery.
    • Applicant does not present live performances of a prurient sexual nature or derive directly or indirectly more than de minimis gross revenue through the sale of products or services, or the presentation of any depictions or displays, of a prurient sexual nature.
    • Applicant does not derive more than one-third of gross annual revenue from legal gambling activities.
    • Applicant is not in the business of lobbying.
    • Applicant cannot be a state, local, or municipal government entity and cannot be a member of Congress.
  • Business Information
    • Business Legal Name
    • Trade Name
    • EIN/SSN for Sole Proprietorship
    • Organization Type
    • Is applicant a non-profit organization?
    • Is the applicant a franchise?
    • Gross Revenues for the Twelve(12) Month Prior to the Date of the Disaster (January 31, 2020)
    • Cost of Goods Sold for the Twelve(12) Month Prior to the Date of the Disaster (January 31, 2020)
    • Business Address
    • Business Email
    • Date Business Established
    • Current Ownership Since (Date)
    • BusinessActivity
    • Detailed Business Activity
    • Number of Employees (as of January 31, 2020)
  • Business Owners Information
    • Name
    • Mobile Phone Number
    • Title
    • Ownership Percentage
    • Email
    • Social Security Number
    • Date of Birth
    • Place of Birth
    • U.S. Citizen (yes/no)
    • Residential Address
  • Additional Information
    • Is the applicant or any listed owner currently suspended or debarred from contracting with the Federal government or receiving Federal grants or loans?
    • Is the applicant or any listed owner currently suspended or debarred from contracting with the Federal government or receiving Federal grants or loans?
    • Are you presently subject to an indictment, criminal information, arraignment, or other means by which formal criminal charges are brought in any jurisdiction?
    • Have you been arrested in the past six months for any criminal offense?
    • For any criminal offense – other than a minor vehicle violation – have you ever been convicted, plead guilty, plead nolo contendere, been placed on pretrial diversion, or been placed on any form of parole or probation (including probation before judgment)?
    • Bank account information for deposit