The U.S. Small Business Administration (SBA) has announced plans to increase the amount small businesses and nonprofits can borrow through the COVID-19 Economic Injury Disaster Loan (EIDL) program. Small businesses and nonprofits will be able to apply for up to…
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COVID-19 Economic Injury Disaster Loan program
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SBA Provides $200 Billion in EIDL Funding to U.S. Businesses, Nonprofits
by Tyler Haleby Tyler HaleThe U.S. Small Business Administration (SBA) has provided $200 billion in emergency funding to business, nonprofits and agricultural producers in the wake of the COVID-19 pandemic. On Friday, Feb. 12, the federal agency announced that it hit the $200 billion…