The U.S. Small Business Administration (SBA) recently announced updated guidance for COVID Economic Injury Disaster Loan (EIDL) program applicants to better serve small business owners in need.
The federal EIDL program supports business communities still reeling from the impact of the COVID-19 pandemic. So far, the program has approved nearly $300 billion in relief aid.
Under the new guidance, the SBA will accept EIDL and targeted advance applications until Dec. 31. Eligible businesses, nonprofits and agricultural businesses can still apply for loans here.