Monthly Archives: March 2021

SBA triples maximum loan amount to $ 500,000 for businesses affected by COVID-19

The Small Business Association (SBA) announced that starting April 6, small businesses and nonprofits can apply for up to two years of relief with a maximum loan amount of $ 500,000. The COVID-19 Economic Disaster Loan Program (EIDL) provides businesses with 30-year fixed-rate loans providing capital for rent, health benefits, utilities, and debt repayment. However, […]

SBA increases maximum disaster loan amount to $ 500,000, effective April 6

Federal disaster loans to help small businesses, nonprofits and farms survive the coronavirus pandemic are increased to a maximum of $ 500,000 per applicant from the current $ 150,000, officials said on Wednesday. responsible. The change to the US Small Business Administration’s Economic Disaster Lending Program, or EIDL, is effective April 6, said the agency’s […]