How Do I Check My EIDL Loan Balance?

Accessing Your Loan Information Online

Finding your Economic Injury Disaster Loan (EIDL) balance is a straightforward process primarily managed through an online portal provided by the Small Business Administration (SBA). This dedicated system allows borrowers to securely view their loan details, make payments, and monitor their repayment status.

The primary online method for checking your EIDL loan balance is through the SBA’s Capital Access Financial System, known as the CAFS portal. This online platform serves as the central hub for managing various SBA loans, including EIDLs. To log in, you will need your registered CAFS username and password.

Navigating to the CAFS login page is the first step in accessing your loan information. Once on the portal’s homepage, you will be prompted to enter your unique username and password. The system also requires multi-factor authentication, which involves a code sent to your registered email address or phone number.

After successfully logging in and completing the multi-factor authentication, you will be directed to your CAFS dashboard. Within this dashboard, look for a section or tab specifically labeled for “Borrower,” “Loan Servicing,” or “EIDL Loan Details.” This area is designed to provide an overview of your active SBA loans.

Upon selecting your EIDL, the system will display details pertinent to your loan, including the current outstanding balance. This balance represents the remaining principal amount you owe on the loan. Should you encounter issues accessing your account, such as a forgotten password, the CAFS login page provides clear links and instructions for password recovery or resetting your credentials.

Understanding Your Account Details

Once you have successfully accessed your EIDL loan information within the CAFS portal, you can begin to interpret the displayed details. The “current loan balance” shown is the principal amount of your loan that remains unpaid at that specific moment. This figure does not include any accrued interest that has not yet been capitalized or any late fees.

The portal also provides a comprehensive view of your payment history. You can review all past payments made, including the date each payment was processed and the specific amount applied. This detailed history helps you track your repayment progress and reconcile any payments you have made.

Information regarding upcoming payment due dates and the precise amount required for each installment is also available. The EIDL program features a 30-year maturity, with payments deferred for an initial period. After this deferment, interest begins to accrue, and regular principal and interest payments become due.

You can also find details about your loan’s interest rate within the CAFS portal, which for EIDLs is a fixed annual rate. The portal also allows you to view the amount of interest that has accrued since your last payment or during the deferment period. The CAFS system provides an option to download or view official loan statements.

Alternative Ways to Obtain Information

While the CAFS portal is the primary and most efficient method for checking your EIDL loan balance, alternative options are available if you cannot access the online system or require further assistance. The Small Business Administration offers direct support for EIDL borrowers.

You can reach the SBA’s EIDL customer service by phone. When contacting the SBA, you will need to provide specific information to verify your identity and allow them to access your loan records. This includes your EIDL loan number, the full legal name of your business, and your Employer Identification Number (EIN).

The SBA representative can confirm your current loan balance, provide details on recent payments, or assist with any discrepancies. Utilizing these direct contact methods ensures you can always obtain the necessary information about your EIDL, even without online access.