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Run Your Business Better - Live Chat - Q & A
April 16, 2021
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What's the Buzz about Clubhouse
April 21, 2021
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SBA Updates Covid Relief Programs
April 23, 2021
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NYC Mayoral Candidate "1 on 1" Interview with Andrew Yang
April 28, 2021
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![]() The U.S Small Business Administration is increasing the maximum amount small businesses and non-profit organizations can borrow through its COVID-19 Economic Injury Disaster Loan (EIDL) program. |
SBA to Increase Lending Limit for COVID-19 Economic Injury Disaster LoansMarch 24, 2021Starting the week of April 6, 2021, the SBA is raising the loan limit for the COVID-19 EIDL program from 6-months of economic injury with a maximum loan amount of $150,000 to up to 24-months of economic injury with a maximum loan amount of $500,000.“More than 3.7 million businesses employing more than 20 million people have found financial relief through SBA’s Economic Injury Disaster Loans, which provide low-interest emergency working capital to help save their businesses. However, the pandemic has lasted longer than expected, and they need larger loans. Many have called on SBA to remove the $150,000 cap. We are here to help our small businesses and that is why I’m proud to more than triple the amount of funding they can access ,” said SBA Administrator Isabella Casillas Guzman.
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