Big Changes Made to EIDL: SBA Increases Loan Caps for Small …
https://gusto.com/resources/articles/business-finance/financial-relief/covid-eidl-loan-cap-increase
What Is The Eidl? What Is The Covid Eidl?How Has The Covid Eidl Program Changed? On September 9, 2021, the SBA announced updates to COVID EIDL that include the following: 1. An increase to the COVID EIDL cap:the maximum COVID EIDL amount a borrower can apply for will be increased from $500,000 to $2 million. 1. A deferred payment period: payment of the COVID EIDL loan will be deferred until two years after the loan originates (...
On September 9, 2021, the SBA announced updates to COVID EIDL that include the following: 1. An increase to the COVID EIDL cap:the maximum COVID EIDL amount a borrower can apply for will be increased from $500,000 to $2 million. 1. A deferred payment period: payment of the COVID EIDL loan will be deferred until two years after the loan originates (...
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