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COVID-19 EIDL Program Updates from the SBA
October 6 @ 11:00 am - 12:00 pm
Please note: this is a virtual event and a link will be sent to you by 10:00 AM on the day of the event.
Join us for new updates on the Economic Injury Disaster Loan (EIDL) program, presented by the U.S. Small Business Administration. The loan product offered via the COVID EIDL program is the remaining small business COVID recovery option. It is beneficial to small business owners. This webinar will cover the policy changes effective as of September 8, 2021.
Speaker: Brian Picarazzi, Acting Deputy District Director of the SBA
A few of the policy changes that will be discussed include:
-Maximum loan cap increased from $500,000 to $2 million
-Use of funds was expanded to include payment and pre-payment of business non-federal debt incurred at any time (past or future) and payment of federal debt
-Extend the deferment period to 24 months from origination for all loans (existing loans with a less than 24-month deferment will be adjusted)
-Affiliation requirements simplified to an affiliate is a business that you control or in which you have 50% of more ownership
Spots for this session are limited, so register today!
- Due to registration requirements you may only register for one ticket per order.
- Any additional attendees will have to register separately.
- All registration questions are a requirement of the Small Business Administration and are used for funding reporting.