With
the additional funding provided by the new COVID-19 relief package, the Small
Business Administration (SBA) will resume processing EIDL Loan and Advance
applications that are already in the queue on a first come, first-served basis
on Monday morning at 10:30 am.
Several
of our clients have received funds from the Payroll Protection Program and the
Economic Injury Disaster Loan programs.
We believe this round of funding will only last for a few days and urge you to apply as soon as possible. Congress has said this will be the last funding available.
To
apply for the PPP loans, either reach out to your bank, or apply with one of
the online lenders who is offering loans through the program.
To
apply for the EIDL loan, click on the link to the SBA. https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loan-emergency-advance
The SBA will provide further information on the availability of the EIDL portal to receive new applications (including those from agricultural enterprises) as soon as possible.
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