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SBA Raises COVID-19 EIDL Loan Limit to $500,000

March 25, 2021 The U.S. Small Business Administration has announced that beginning the week of April 6, it is raising the limit small businesses and nonprofits can borrow under the COVID-19 Economic Injury Disaster Loans program to up to 24 months of economic injury with a maximum loan amount of $500,000.

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PPP Reopening Dates Announced

January 14, 2021 The U.S. Small Business Administration and Treasury recently announced that the application window for Paycheck Protection Program forgivable loans will open at 9 a.m. ET on Friday, Jan. 15 for lenders with $1 billion or less in assets.

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