Did You See That The SBA Just Extended Lending Limits For Economic Injury Disaster Loans?
Last week, the U.S. Small Business Administration announced it is increasing the maximum amount small businesses and nonprofit organizations can borrow through it’s COVID-19 Economic Injury Disaster Loan (EIDL) and EIDL Advance program. Starting the week of April 6, 2021, the SBA is raising the loan limit for the COVID-19 EIDL program from 6-months of economic injury with a maximum loan amount of $150,000 to up to 24-months of economic injury …