EIDL Archives | TaxBasket

SBA Increased Loan Limit for EIDL

The U.S. Small Business Administration (SBA) is increasing the maximum amount small businesses and non-profit organizations can borrow through its COVID-19 Economic Injury Disaster Loan (EIDL) 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 [...] Read more

By TaxBasket Editorial|2024-02-19T12:52:28-05:00March 24th, 2021|EIDL|

SBA Deferred EIDL Payments until 2022

The U.S. Small Business Administration announced extended deferment periods for all disaster loans, including the COVID-19 Economic Injury Disaster Loan (EIDL) program. Small businesses won’t have to start making payments on the loan until 2022.In a news release issued on March 12th, Friday evening, the SBA announced extended deferment periods for all of its disaster [...] Read more

By TaxBasket Editorial|2021-03-24T23:44:29-04:00March 15th, 2021|COVID-19, EIDL|