U.S. SBA Announces Major Enhancements to COVID EIDL Program

written by Lauri Moon | September 21, 2021

The U.S. SBA announces major enhancements to the COVID Economic Injury Disaster Loan (EIDL) program.

Key changes include:
·    Increasing the COVID EIDL cap to $2 million
·    A deferred payment period
·    Establishment of a 30-day exclusivity window for the smallest businesses
·    Expansion of eligible use of funds

Click here for the full announcement for more details.