Articles Posted in SBA Loans

SBA to Increase EIDL Loan Amounts to $2 Million After Labor Day
Fleitas PLLC

The United States Small Business Administration is expected to lift the cap on its Economic Injury Disaster Loans (EIDL) sometime after Labor Day.  The cap was set at $500,000 in March 2021, after the SBA spent several months approving only loans of up to $150,000. Traditionally, the EIDL loan program–which has a 30-year maturity date–has…

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