SBA Clarifies COVID-19 EIDL Application Deadlines

November 19, 2021

The U.S. Small Business Administration (SBA) recently released updated guidance regarding applications for loans, advances and appeal requests with the COVID-19 Economic Injury Disaster Loans (EIDL) program.

The SBA stated that it strongly recommends businesses seeking a Supplemental Targeted Advance submit their application no later than Dec. 10. As the SBA will not be able to process Supplemental Targeted Advance applications after the Dec. 31 deadline, applications received close to the deadline might not complete the review process in time.

The SBA also said that EIDL and Targeted EIDL Advance applications received by Dec. 31 will continue to be processed after that date until funds are exhausted.

If funding is still available, the SBA will accept and review reconsideration and appeal requests received on or before Dec. 31, provided that the reconsideration or appeal is received within six months from the date of decline for reconsiderations and 30 days from the date of reconsideration decline for appeals.

For more information, visit the SBA website.