Tag: EIDL

SBA Increases Loan Limits for COVID-19 EIDL Program

Filed in Business Management, Disaster Response by on April 7, 2021
SBA Increases Loan Limits for COVID-19 EIDL Program

The Small Business Administration (SBA) has announced a policy change to help businesses weather the financial hardship brought on by the COVID-19 pandemic by significantly increasing loan limits up to 24 months of economic injury with a maximum loan amount of $500,000.

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SBA Now Taking PPP Loan Applications; New EIDL Applications are on Hold

SBA Now Taking PPP Loan Applications; New EIDL Applications are on Hold

The Small Business Administration resumed accepting Paycheck Protection Program loan applicationsĀ  as of 10:30 a.m. EDT this morning (April 27). If you were in the process of applying for a Economic Injury Disaster Loan and have an application number that begins with the No. 3, you do not need to reapply for a loan.

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Reapplying for Small Business EIDL Loans Under the CARES Act

Reapplying for Small Business EIDL Loans Under the CARES Act

As Congress renewed funding for small-business loan programs that ran out of money under the CARES Act, those who were caught in the middle of the application process need to know the following the information.

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SBA Announces PPP and EIDL Loan Programs are Out of Money

Filed in Advocacy, Disaster Response by on April 16, 2020 11 Comments
SBA Announces PPP and EIDL Loan Programs are Out of Money

The Small Business Administration (SBA) has announced it has run out of funding to process any more small business loans through the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan Program (EIDL) thatĀ  were created under the CARES Act. These loan programs are designed to help small businesses that have been harmed by the COVID-19 pandemic.

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