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EIDL is available for eligible small business operating prior to January 31, 2020. The loan serves as working capital for your business for up to 6 months. Loans up to $150,000 with a fixed interest rate of 3.75% for small businesses and 2.75% for non-profits. The deadline for EIDL application is December 21, 2020. Apply online
Applicants may be declined for COVID-19 EIDL at any point during processing prior to a final decision and funding. If you are declined, you will receive an email or a letter providing the reason for the decline as well as instructions to request reconsideration. If you are requesting reconsideration, find more information by contacting the SBA Minnesota District Office Minneapolis.mn@sba.gov or by attending an upcoming information session. The SBA Minnesota District Office will be presenting information regarding the EIDL Reconsideration process that will explain the programs and conclude with a Q&A opportunity for attendees. The next presentation is on Monday, December 21 at 1:00 p.m. Registration is free but necessary to access the presentation. Register Comments are closed.
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