Justification

3245-0406 Justification for COVID-19 EIDL forms changes 7-10-20.docx

Economic Injury Disaster Loan Application (EIDL) COVID-19

Justification

OMB: 3245-0406

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Non-substantive Revisions to EIDL-COVID Application Information Collection

OMB Control Number -3245-0406


All of the funds appropriated to provide advances to applicants for a COVID-19 economic injury disaster loan have been exhausted. Therefore, the Small Business Administration can no longer provide this assistance. In order to avoid confusion, SBA is revising this EIDL-COVID information collection to remove all references to the EIDL advance. This change impacts SBA Form 3503, Self-Certification for Verification of Eligible Entity for Emergency EIDL Advance, the title for which will also be amended to read “Self-Certification for Verification of Eligible Entity for Economic Injury Disaster Loan”; Form 3501, COVID-19 Economic Injury Disaster Loan Application; and the Rapid Intake Form.

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