It’s not a surprise that there are many questions and a lot of confusion around the EIDL increase questions. While there is an 800 number, it seems that these reps are trained to tell you to send in an email... (More)
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As more information becomes explicit about the EIDL increase program, borrowers should be aware that $2M approvals will not begin until October 8th. The SBA is likely trying to help the largest amount of businesses by approving the increases (and... (More)
Today, it appears that the Small Business Administration (SBA) has opened the online portal for businesses to request Economic Injury Disaster Loans (EIDL) for up to $2 million. If you thought that meant the process would be any less confusing,... (More)
The SBA has announced the first steps for those who want to try and increase their EIDL loan up to $500K. The initial ask is pretty straightforward - and anyone who wants to try and apply should get in the... (More)