Four Million Hard-Hit Businesses Approved for Nearly $390 …
https://www.sba.gov/article/2022/jun/13/four-million-hard-hit-businesses-approved-nearly-390-billion-covid-economic-injury-disaster-loans
WEBJun 13, 2022 · Increased the COVID EIDL Cap. The SBA lifted the COVID EIDL loan cap to $2 million for eligible applicants. Loan funds can be used for any normal operating expenses and working capital, including payroll, purchasing equipment, and making debt payments. Implemented Deferred Payment Periods.
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