Small Business Administration loans still available in 2021
The U.S. Small Business Administration has announced that the deadline to apply for the Economic Injury Disaster Loan (EIDL) program for the COVID-19 pandemic disaster declaration is extended to December 31, 2021.
The deadline extension comes as a result of the recent bipartisan COVID-19 relief bill passed by Congress and enacted by President Trump on December 27.
To date, the SBA has approved $197 billion in low-interest loans which provide working capital funds to small businesses, non-profits and agricultural businesses make it through this challenging time.
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