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Question
EIDL
Asked a question 2 months ago

I recently discovered that the interest on our EIDL started accruing day 1 with receipt of funds. (We are not one of the luckier larger businesses who got the PPP.) Given all the breaks being now offered to PPP recipients, is there any chance that our EIDL interest can not start until the first payment is due in the 12th mo after receipt? It would be some help. FYI, we are using funds to pay people (independent contractors), rent, datacenter... all the stay-in-business reasons.

Where am I?

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I just received an answer through our regional SBA director. There is no further guidance on EIDLs - the interest begins immediately.