SBA’s EIDL portal will reopen today to provide additional funding for farmers and ranchers and certain other agricultural businesses affected by the Coronavirus (COVID-19) pandemic. The Paycheck Protection Program continues to accept applications and provide assistance to small businesses.
Economic Injury Disaster Loans (EIDL) As of April 16, 2020, the Small Business Administration (SBA) noted on its website that it is currently no longer able to accept new applications for the Economic Injury Disaster Loan (EIDL) assistance program (including EIDL advances) based on available appropriations funding.
Apr 08, 2020 · LOS ANGELES (LALATE EXCLUSIVE) – EIDL emails to applicants will be sent as early as April 7 and payments are coming as early as April 9, SBA representatives are telling customers, LALATE can exclusively report. SBA’s EIDL process guaranteed up to $10,000 in accounts within three days of request. But LALATE has found a myriad […]
Sep 19, 2020 · EIDL—Economic Injury Disaster Loan is a $10,000 grant that is given to eligible businesses. Although it’s a “loan”, it’s more of a grant that doesn’t need to be repaid. This was first introduced with the CARES Act (Coronavirus Aid, Relief, and Economic Security Act).
r/EIDL_Support_Group: Have a funded EIDL loan, but unsure what to do? Have payback questions? Looking for additional information? Gather around a …
The CARES Act provides EIDL funding relief in the form of a loan of up to $2 million for small businesses affected by COVID-19. If you were lucky enough to also receive an EIDL grant, those monies do not have to be paid back. The grants are no longer available; however, small businesses can apply for the loan directly through the SBA website.
Mar 28, 2020 · Emergency EIDL Grants (Section 1110) The rumors are true. Through an SBA loan, you can be granted up to $10,000.00 if the money is used for staff costs, rent, business debt payments, or other business expenses that you can’t pay because of revenue loss.
Took a look at the SBA's EIDL application site. Seems they are relying on self-certification so they probably won't pull a credit report. As far as how much you might get, impossible to say. From what I've read, the SBA isn't providing answers to those requesting clarification. Apparently, they're swamped.