In this video, I update you on the new changes that the SBA has made led by the SBA administrator Isabella. The SBA has now had the Covid Economic Injury Disaster Loan Program have a loan cap increase from 500k to 2 million, expanded use of funds to pay pre-pay business debt, streamlined the review process added deferred payments, and much more.
Disaster Loan Program Changes
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COVID-19 EIDL application portal walkthrough
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FAQ Regarding COVID-19 EIDL
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Supplemental/Checklist for COVID EIDL Intake Form
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Media links:
SBA Expands EIDL Loan Cap to $2 Million for Delta Variant Troubles
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SBA raises EIDL limit as part of sweeping changes to Covid-19 relief program
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Note: This content is for educational purposes only. It should never be interpreted as “financial advice” nor instructional.
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