EIDL Advance Gone - What Now?

Описание: Starting the week of April 6th, 2021, the SBA is raising the loan limit for the COVID-19 EIDL program from 6 months of economic injury with a max loan amount of $150K to: up to 24 months of economic injury with a max loan amount of $500K.

The Economic Injury Disaster Loan (EIDL) Advance program — which delivered a source of quick income for business — has stopped accepting new applicants, the Small Business Administration (SBA) announced in a weekend press release.

While advances can no longer be requested through the EIDL program, the SBA is still accepting EIDL loans for businesses impacted by COVID-19.

If your business is struggling financially, you can learn how to apply for an EIDL loan by clicking this link: https://www.merchantmaverick.com/sba-...

Applying for a PPP loan may also make sense for your business; you can check out Merchant Maverick’s article on the PPP basics to learn more: https://www.merchantmaverick.com/payc...

And if your businesses have been denied EIDL or PPP funds, visit our article on how to find alternative funding routes: https://www.merchantmaverick.com/ppp-...

More business brief videos on the way - where we explain the latest news and how it applies to you and your business.
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2. Also, if you want more information and resources geared toward small business owners during this Coronavirus (COVID-19) pandemic, check out the resource hub we’ve created: https://www.merchantmaverick.com/coro...

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