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SBA Extends Deferment Period for all COVID-19 EIDL and Other Disaster Loans until 2022

The SBA has published the following press release regarding the deferment for all Covid-19 EIDL and other disaster loans. "WASHINGTON –The U.S. Small Business Administration announced extended deferment periods for all disaster loans, including the COVID-19 Economic Injury Disaster Loan (EIDL) program, until 2022. All SBA disaster loans made in calendar year 2020, including COVID-19

By |2021-03-13T21:34:46+00:00March 12th, 2021|Categories: Business|Tags: , , , |

EIDL use of funds, collateral and other requirements

Small businesses have been receiving communications (mainly, via email) that the EIDL  has been approved and to complete the next steps on their website. Once you complete the process, you need to comply with their requirements and allow access to your books (“for the most recent 5 years until 3 years after the date of

By |2021-01-05T11:26:23+00:00June 11th, 2020|Categories: Business|Tags: , , , |
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