COVID-19 Economic Injury Disaster Loan
The U.S. Small Business Administration (SBA) is still accepting requests for increases, reconsideration and appeals for the COVID-19 Economic Injury Disaster Loan (EIDL) Program:
Increase Request: Borrowers can request increases up to their maximum eligible loan amount for up to two years after their loan origination date, or until the funds are exhausted, whichever is soonest.
Reconsideration/Appeals Request: Reconsideration and appeal requests for applications received on or before December 31 will be accepted and reviewed if the reconsideration/appeal is received within the timeframes in the regulation. This means six months from the date of decline for reconsiderations and 30 days from the date of reconsideration decline for appeals – unless funding is no longer available.
Join the SBA’s free webinar on how to apply for COVID-19 EIDL reconsideration on February 16 at 11:00 am PST!
CLICK HERE to join the webinar.
Need Help with Your Reconsideration or Increase Request?
The EDC’s Small Business Development Center (SBDC) can help! EDC SBDC Financial Advisors can assist your business with the application. Getting started with the EDC SBDC is easy and always NO-COST. Call our Business Assistance Line at 805.409.9159 to get started!
Check out our financial advisors that are ready to assist your business:
Click their picture to read their bio!
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