JULY UPDATE: Purposes for Financial Damage Catastrophe Loans and Emergency Advances are open to all eligible small companies. HOWEVER, the EIDL Advance has been discontinued. Per the SBA web site: “Having allotted the complete $20 billion that was appropriated by Congress, SBA will discontinue making EIDL Advances to new candidates. By regulation, the SBA isn’t permitted to concern new EIDL Advances as soon as all program funding has been obligated. ”
EIDL mortgage functions will nonetheless be processed though the Advance is not accessible.
Has your small business been impacted by COVID-19? Let’s check out the Small Enterprise Administration’s Financial Damage Catastrophe Mortgage (EIDL) program, which affords low-interest loans, together with a forgivable $10,000 advance (sadly, not accessible).
— Additionally, if you need extra info and sources geared towards small enterprise homeowners throughout this Coronavirus (COVID-19) pandemic, please take a look at the useful resource hub we’ve created: