This calculator and tracker is for anyone that took out an EIDL loan related to Covid-19.

Note: This is fully updated for the 30-month payment deferral period that the SBA announced in March 2022. 

     This EIDL Interest Calculator and Tracker will help you:     

• Calculate the accrued interest on your loan, including interest accrued during the deferral period.

• Calculate your total interest paid over the life of the EIDL loan, including the impact of a 2nd draw loan and/or making early payments.
  

• Calculate how much making early or extra payments would change the total interest you must pay and how long it would take to pay off your loan.

• Make a plan for how to pay off your loan in the timeframe you desire.
  

• Track your payments made with your EIDL loan in order to show proof if

  ever requested by the SBA (highly recommended).