SBA Disaster Loan

Community Ventures is working to support the communities across Kentucky as we all work through the impact of the Coronavirus pandemic. Our commitment to our mission has never been stronger. As priorities shift, we solidify our commitment to helping Kentucky families struggling to manage the fallout.

As the federal government, state government, and private enterprises develop ways to support people through this crisis, we will provide information, access to resources, and answers to your question, as best as we can.

SBA Disaster Loans

The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).



SBA Economic Injury Disaster Loans are available to small businesses and private, non-profit organizations in designated areas of a state or territory to help alleviate economic injury caused by the Coronavirus (COVID-19).

SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

  • These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact.
  • The fixed interest rate is 3.75% for small businesses without credit available elsewhere; businesses with credit available elsewhere are not eligible. The interest rate for non-profits is 2.75%.
  • SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.
  • Borrowers are not obligated to take the full amount approved. But it may be better to accept the full amount, because the loan will be paid in installments, and the borrower may cancel the remainder of the loan after any installments if the remainder of the loan is no longer needed.
  • Payments will not begin for 11 months.
  • TIP: The online application is quite lengthy. The SBA recommends printing and completing the paper form FIRST, because it will allow you to retrieve any documents or information needed for the application. Once the paper form is completed, then enter the completed information into the online application. (THIS IS A TIME SAVER).

  • Call the SBA Disaster Assistance Customer Service Center Toll Free at 1-800-659-5955 (TTY: 1-800-877-8339).
  • Email them at