Small business owners only have until Dec. 31 to apply for the Small Business Administration’s Economic Injury Disaster Loan and the $10,000 Targeted EIDL Advance cash grant. Applications up until that deadline will continue to be processed until the agency’s money runs out, according to the SBA. While these SBA […]
Tag: EIDL
COVID relief: There is still time to apply for an EIDL
The COVID Economic Injury Disaster Loan (EIDL) and EIDL Advance programs are coming to an end. Here is what small businesses need to know. The programs still have billions of dollars available to help small businesses hard hit by the pandemic, the US Small Business Administration says. More than 3.8 million […]
COVID relief: EIDL loans can now be up to $2 million. Here’s the lowdown
The Small Business Administration has raised the cap on COVID-19 related loans from $500,000 to $2 million, to help small businesses recover from the COVID-19 pandemic. The agency is set to begin approving loans with the higher caps Oct. 8. EIDL applications will close Dec. 31, 2021, unless the program’s […]
In wake of Surfside tragedy, disaster loans available to impacted businesses
The Florida Department of Economic Opportunity announced that financial assistance is now available to small businesses and nonprofits in declared disaster areas after the tragic collapse of the oceanfront condo building in Surfside.. The funds are available through the U.S. Small Business Administration in the form of low-interest Business Physical […]
COVID relief: Targeted EIDL Advance grant program now open to all eligible businesses
The Small Business Administration wants all eligible small businesses to apply for its Economic Injury Disaster Loans and its Targeted EIDL Advance grant program — and it is trying to get the word out. In recent months, the SBA had been inviting small businesses who had previously been shortchanged by […]
PPP program extended but funding may run out, plus the latest with the EIDL and Shuttered Venue grants
Thousands of small businesses struggling to stay afloat because of the pandemic are getting extra time to apply for forgivable, low-interest loans. The Senate voted overwhelmingly to extend the deadline of the Small Business Administration’s Paycheck Protection Program to May 31, and. President Joe Biden is expected to sign it […]
What you need to know about the CARES Act SBA loan programs
Have questions about the alphabet soup of pandemic-related government relief programs in the CARES Act? There’s the EIDL, the EIDL grants, the PPP, the second- round PPP, and PPP forgiveness, and new SBA guidance about these programs is coming out all the time. Want to know about the Employee Retention […]
The PPP is coming back – and so are EIDL grants: What to know now
Small businesses can start getting ready for the new round of Paycheck Protection Program loans. The PPP is returning, thanks to the recently passed coronavirus stimulus package by Congress, and it is available to businesses that already received a PPP loan. For struggling small businesses, a second round of loan […]
COVID-19 relief: PPP is currently unavailable but other options remain
The Paycheck Protection Program – a lifeline for small businesses – stopped taking applications on Aug. 8, and Congress is still fighting over the next stimulus bill as well as where remaining funds in the PPP program will be spent. The forgivable PPP loans were responsible for a “majority” of […]
COVID-19 relief funds still available. Here are three sources
Here’s the lowdown on several relief funding programs still taking applications. If you live in Miami-Dade, applications are open for a loan that gives priority to small businesses that have not received federal or state stimulus aid to recover from the economic wallop of COVID-19. The RISE Miami-Dade Fund is […]