More Small Businesses Eligible for Disaster Relief Due to Drought
SBA has announced that multiple counties across four states are now eligible to apply for an Economic Injury Disaster Loan of up to $2 million.
EIDL Loan
House Small Business Committee Advances PPP and EIDL Loan Fraud Bills
Two of the 7 bills advanced by the House’s Small Business Committee deal address fraud in the PPP and EIDL programs.
Senators Urge SBA to Use Available Money to Fund EIDL Requests
Two Senate committee chairs want the Small Business Administration to pull more funds into the Economic Impact Disaster Loan program.
An Important EIDL Deadline Is Looming for Small Business Owners
It’s too late to apply for a new Covid 19 EIDL loan. But if you’d like to increase the amount of an existing loan, The deadline is May 6.
SBA EIDLs Now Available to Small Businesses Affected by Drought
Small businesses operating in areas of the US where Secretaries of Agriculture have declared drought disasters are eligible for an Economic Injury Disaster Loan (EIDL loan).
OIG Says SBA Management of EIDL Program Had Contracting Flaws
According to a report from OIG, the Small Business Administration (SBA) didn’t follow proper procedures while managing EIDL funds during the pandemic.
SBA Extends Deferment for Small Business EIDL Covid Loans
The SBA is extending deferment for existing COVID EIDL program borrowers for a total of 30 months including principal and interest payments.
Georgia Man Sentenced After Using COVID EIDL Loan to Buy Rare Charizard Pokémon Card
A Georgia man got prison time for using an EIDL COVID business loan to buy a rare and expensive Charizard Pokemon card.
Small Businesses Have Until Feb. 15 to Apply for Targeted EIDL Advance Re-evaluation
The Small Business Administration (SBA) just announced submissions for Targeted Advance reevaluation requests have until Feb. 15 to apply.
New Legislation Would Streamline EIDL Small Business Loan Application Process
The Streamlining EIDL Act is a bipartisan bill introduced in the U.S. Senate to improve the application process of the Economic Injury Disaster Loan (EIDL).
Deadline Approaching to Apply for EIDL Loans for Drought Emergency
The deadline for SBA working capital loans due to drought is fast approaching. Businesses in six states have until November 5, 2021 to apply.
In the News: $4.5 Billion in Wrongful EIDL Small Business Grants Awarded
The impact to small business owners was the over disbursement depleted the available EIDL funds. This meant small business owners couldn’t get the money they needed.
