On April 15, the U.S. Small Business Administration (SBA) announced that it is unable to accept new applications at this time for the Paycheck Protection Program or the Economic Injury Disaster Loan (EIDL) - COVID-19 related assistance program (including EIDL Advances) based on lack of available funding. EIDL applications that have already been submitted will continue to be processed on a first come, first served basis. To learn more about relief options available for businesses, please visit the SBA’s Coronavirus Relief Options site.
The SBA is asking Congress to provide additional funding for the Paycheck Protection Program and the EIDL programs. READ MORE