Microloans Lender Match COVID-19 relief options Paycheck Protection Program COVID-19 Economic Injury Disaster Loan Shuttered Venue On January 1, 2022, SBA stopped accepting applications for both new SBA COVID EIDLs and Emergency EIDL Grants. For background - the COVID-19 Economic Injury Disaster Loan program was Notice: As of January 1, 2022, we are not able to accept applications for new COVID EIDL loans or advances. As of May 6, 2022, SBA's COVID EIDL “Many of our nation’s small businesses are still struggling to recover from the economic impact of the COVID-19 pandemic, and we’ve found that the smallest businesses -- the majority of Effects Overview The CARES Act made COVID-19-related economy injury an eligible expense for SBA’s economic injury disaster loans Disaster assistance Explore SBA's low-interest disaster loans to help homeowners, renters, and businesses of all sizes recover from declared disasters. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) Check out the SBA’s summary of a $10,000 loan advance that does not have to be repaid and has the potential to be funded within 3 days. In response to the Coronavirus (COVID-19) pandemic, small Loans guaranteed by SBA range from small to large and can be used for most business purposes, including long-term fixed assets and operating capital. Small Business Administration (SBA) has announced expanded flexibility and accommodations for COVID EIDL and PPP The Coronavirus Aid, Relief, and Economic Security (CARES) Act expanded the Small Business Administration’s long-standing Economic Injury The SBA’s COVID-19 EIDL portal closed on May 16, 2022, and is no longer accepting applications, requests for increases, reconsideration, and However, it does align with the SBA's recent communications saying they plan to tighten repayment of loans. BEWARE of other websites that claim to be The Office of Inspector General examined Emergency EIDL grants to sole proprietors and independent contractors from March 29, 2020, until the funds were exhausted just 14 weeks later on WASHINGTON – Today, the U. Many small businesses impacted by the coronavirus pandemic As of March 19, 2025, the Small Business Administration (SBA) has officially ended its Hardship Accommodation Plan (HAP) for COVID-19 Economic Injury Under the Coronavirus Aid, Relief and Security Act, signed into law by President Trump in 2020, borrowers could self-certify that their loan applications were accurate. There are a lot of questions about applying for SBA disaster loans due to coronavirus. small businesses and non-profits, the U. To further meet the needs of U. Small Business Administration’s webpage for COVID-19 EIDL loans, which is the only place you can apply for COVID-19 EIDL loans. SBA's Emergency EIDL Grants were limited to $1,000 per employee, up to a maximum of $10,000. Below is a link to the U. Here's what small business owners need to know. Unlike the COVID-19 Paycheck Protection Program (PPP) loans, which were made through private and non-profit lenders and guaranteed Applicants for the COVID-19 Economic Injury Disaster Loan (EIDL) may have been eligible to receive up to $15,000 in funding from SBA that did not We have learned that the Small Business Administration's Hardship Accommodation Plan (HAP) for COVID-19 Economic Injury Disaster Loans (EIDL) closed effective March 19, 2025. S. WASHINGTON – The U. Small Business Administration (SBA) announced updated guidance for COVID Economic Injury Disaster Loan (EIDL) program applicants to better .
