- 13
- Sep
- 2021
SBA Enhances Disaster Loan Program and EIDL. SBA is raising loan limits in its Economic Injury Disaster Loan program — low-interest loans to be paid back over 30 years — from $500,000 to $2 million. Funds may be used for any operating expenses, including purchasing equipment and making payments on debt. “The SBA’s COVID Economic Injury […]
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The Small Business Administration has announced the opening date for the Restaurant Revitalization Fund. Registration for the SBA application portal will begin on Friday, April 30, 2021, at 9 a.m. ET. Applications will open on Monday, May 3, 2021, at noon ET. Program Details: The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) […]
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The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, re-opened the Paycheck Protection Program (PPP) for new borrowers and certain existing PPP borrowers. This round of the PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other expenses through March […]
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