If you’ve received an Economic Injury Disaster Loan from the Small Business Administration you might be eligible for more money. SBA lifted the cap on EIDL loans up to $2 million, from $500,000, on Sept. 8. The EIDL loans for businesses impacted by COVID-19 offer 30-year maturities and interest rates ranging from 2.75% to 3.75%. The SBA has also expanded what it considers a small business, Inc. reports. Here’s how to determine your eligibility, what you’ll need to apply, and a timeline for when you might actually see the money hit your account, according to Inc. Request an increase. After …
Step by step Instructions to demand an Expansion on your EIDL Loan
