SBA Program Enhancements for COVID EIDL Webinar
The COVID Economic Injury Disaster Loan (EIDL) program is a federal loan program designed to help small businesses and nonprofits, recover from the COVID-19 economic recession by providing quick, borrower-friendly capital. Loans are available immediately, and can be used to meet a variety of immediate business needs. To expedite the application process, the SBA recently simplified the affiliation requirements, and streamlined the loan review process. The program’s low interest rates and 30-year repayment term provide manageable payments that can be deferred up to 2-years – allowing better control of cash flow. The program closes on December 31, 2021.