On Friday, September 10, the Administrator of the U.S. Small Business Administration announced major enhancements to the COVID EIDL program to better support small businesses impacted by the pandemic. Key changes include the following:
More than $150 billion in COVID EIDL funding is still available through the end of the year. Plus, eligible businesses in low-income areas can apply for up to $15,000 in grant funding through the COVID EIDL Targeted Advance and Supplemental Advance programs. Interested businesses can apply for all three programs at once through one streamlined application. Visit www.sba.gov/eidl for more information about all COVID EIDL programs.