Attached is a PowerPoint from Rory Thomas at the TN Small Business Development Center at SWTCC, they provide information on the SBA Disaster Loan Program. While the recipients must be small businesses as defined by the US Small Business Administration (see the US Code of Federal Regulations at 13CFR 121 or use the calculator at, the program can  benefit firms throughout the County. 

Power Point: SBA Disaster Program

Thanks everyone for being committed in helping our small businesses throughout Shelby County and surrounding areas during these challenging times.  Small businesses are our state's economic backbone, so assisting them is paramount in this environment.


I hope to share the latest guidance/updates I receive from SBA HQ, District TN Office and other SBDCs in states that already have small businesses applying, so here's the latest:

  • Please find attached a great SBA PowerPoint on the Economic Injury Disaster Loan Program (*The presentation includes slides that show EVERY PAGE of the application a small business owner will complete)
  • This loan program is operated directly by SBA; NO small business owners should pay anyone or company to get assistance in completing this application
  • Our staff went through training with SBA on yesterday and more is scheduled next week
  • If you have a business who would like free assistance with completing their applications; please have them register by following these steps:
    • Visit
    • Select "Request Free Advising"
    • Select "Local Advising" and Choose Your County
    • Complete the Requested Information (it's a SBA Form 641 for confidential counseling)
    • A business counselor will contact the firm within 48 hours to set an appointment or start the process over the phone and/or via online video conferencing

Lastly, below is more key information small business owners need to know:


Suggest that as you receive calls regarding disaster assistance programs you mention that the following information will be required of  the applicant so they can start to gather those materials: 

  • Business information
  • Contact information and social security numbers for all applicants
  • Employer Identification Number (EIN) for business applicants
  • Insurance information
  • Financial information (e.g. income, account balances and monthly expenses) - Know the total amounts and payments due for debts that will be paid over the next 10 months or longer (i.e. mortgages, student loans, credit cards, etc.)

Other key information:

  • Use Internet Explorer or Mozilla Firefox to apply.
  • The 'Help Button' provides useful information for each page.
  • Use the 'Save Button' frequently.
  • Be patient and keep trying if you experience slow load times.

What's next? What should you expect?

  • You will receive email confirmation that your application has been submitted
  • You will receive an email letting you know that your application is under review.
  • BE PREPARED: You will be contacted by someone from the SBA
  • Have your monthly expenses and financial projections ready (your local SBDC can help with this)

 Also, over the years I have had a few clients who filled out SBA’s Personal Financial Statement Form 413D (03-18), noting that they have “Cash Surrender Value” in life insurance. Some people confuse the policy death benefit as the cash value. Make sure they understand the difference in whole life insurance and term insurance too so there is no confusion regarding cash value.


SBA Forms for Completion:

*Note: There is a different base application for sole proprietors.  See below for details. 

-          ELA0 – SBA Form 5: Business Loan Application: Base application for Partnerships, Corporations, Limited Partnerships, and Limited Liability Entities (includes LLCs)

-          ELA0 – SBA Form 5C: Business Loan Application: Base application for Sole Proprietors ONLY

 -          ELA0 – SBA Form 1368: Monthly Sales Figures: To be completed by ALL applicants.  Include the information and a narrative.

 -          ELA0 – SBA Form 413D: Personal Financial Statement: To be completed by ALL Applicants.

-          ELA0 – SBA Form 2202: Schedule of Liabilities: To be used with SBA Form 5, question 2 above.  For Partnerships, Corporations, Limited Partnerships, and Limited Liability Entities (includes LLCs)

Rory T. Thomas
Executive Director
Tennessee Small Business Development Center
Southwest Tennessee Community College

8800 East Shelby Drive
Maxine A. Smith Center Suite 112
Memphis, TN 38125
Ph: (901) 333-5085
Fax: (901) 333-5698

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