The Small Business Administration (SBA) Announces Enhancements to COVID Related Economic Injury Disaster Loan (EIDL) Program
On September 9, 2021, the SBA announced that it was modifying the EIDL program to provide small businesses with enhanced financial aid through the SBA’s small business loan program. The modifications include increasing the maximum loan amounts, providing loan repayment deferrals, expanding the allowable use of loan proceeds, and simplifying rules