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SBA Form 1368 Additional Filing Requirements Economic Injury Disaster Loan (EIDL), and Military Reservist Economic Injury Disaster Loan (MREIDL)
What Is SBA Form 1368?
SBA Form 1368, Additional Disaster Loan (EIDL), and Military Reservist Economic Injury Disaster Loan (MREIDL) is a form filed by EIDL and MREIDL applicants and submitted to the Small Business Administration (SBA) to determine their eligibility for receiving funding. The version of the form released on February 1, 2015 , is available for download and digital filing below.
The form - also referred to as the SBA Loan Form 1368 - is used for providing information on the business's monthly sales for three years before the disaster along with a financial forecast of income and expenses until the time when the business is predicted to operate normally again.
SBA Form 1368 Instructions
Any small business or agricultural cooperative that meets the SBA-defined size standards or any private non-profit organization may apply for the EIDL or the MREIDL. Loan applicants must establish that the claimed injury sustained by their business is substantial and is a direct result of the federally-declared disaster.
An EIDL provides the working capital necessary for the business to continue operations until the effects of the declared disaster have passed. The loan is available only if funding is unavailable from any other sources.
An MREIDL provides the applicant with working capital to make up for the economic injury caused by the call-up of an essential employee to active duty as a result of a military conflict. Eligible applicants must prove that claimed injury is substantial and is directly caused by the call-up of that essential employee.
Applicants for economic injury loans must also submit an explanation of the economic loss caused by the disaster and an explanation of how the funding would be used. Applicants are also required to provide proof that their business could not obtain the required credit elsewhere.
SBA 1368 Related Forms:
- SBA Form 5, Disaster Business Loan Application, is a form used to apply for financial assistance to repair or replace real estate or business property damaged due to a disaster.
- SBA Form 413, Personal Financial Statement, is used b the SBA to analyze the repayment ability and creditworthiness of all SBA Loan applicants.
- SBA Form 2202, Schedule of Liabilities, is a supplement to the balance sheet required to be submitted with the SBA Form 5 (Disaster Business Loan Application).
- IRS Form 4506-T, Request for Transcript of Tax Return, is a form used to request past tax transcripts that are on file with the Internal Revenue Service (IRS).
- IRS Form 8821, Tax Information Authorization, is used for authorizing the IRS to disclose confidential tax information to and appointed person or organization.
Download SBA Form 1368 Additional Filing Requirements Economic Injury Disaster Loan (EIDL), and Military Reservist Economic Injury Disaster Loan (MREIDL)
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