SBA Curtails Acceptance of EIDL Applications
By Travis Miskowitz
The SBA just announced they are unable to accept new applications at this time for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding. Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.
Due to incredibly high demand, the SBA had recently amended some key benefits of the EIDL Loan program. With millions...