economic injury disaster loan Archives

WJR Business Beat with Jeff Sloan: Federal Government Offers Deferred Payments on EIDL Program Loans (Episode 200)

The U.S. Small Business Administration (SBA) announced it will defer the time period in which small businesses need to start repaying Economy Injury Disaster Loans (EIDL) in principle and interest. The COVID-19 EIDL program has...

byStartupNation

March 29, 2021

4 Ways the New PPP Loans are Better Than Before

The economic stimulus bill that was recently passed by the House and Senate has been signed by the President. It contains several hundred pages of aid for small businesses. There will be more funds available...

byGerri Detweiler

December 23, 2020

How to Pay Back an EIDL or PPP Loan

If your business received an Economic Injury Disaster Loan (EIDL) or Paycheck Protection Program (PPP) loan, you may have determined it isn’t a good fit for your small business for any number of reasons: You...

byNav

October 6, 2020

Need Financial Help to Reopen Your Business After COVID-19?

After months of lockdowns that required many companies to cut back hours, pause production or close completely, restrictions are starting to lift, and small businesses are starting to slowly and cautiously open back up. But...

byRapid Finance

June 15, 2020

3 Things That Could Cost Your Business its COVID-19 Loan

The Senate approved an additional $60 billion in funding for the Economic Injury Disaster Loan (EIDL) program and $310 billion for Paycheck Program Protection (PPP) loans on April 21, 2020. It now heads to the...

byGerri Detweiler

April 23, 2020

COVID-19 Small Business Relief Funds Exhausted

You may have heard that the Small Business Administration (SBA) has run out of money to fund the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program. In other words, at least...

byNav

April 16, 2020

Apply for Federal COVID-19 Support Now or Risk Missing Out, Business Strategy Expert Says

As small and medium businesses scramble to stay afloat during the COVID-19 pandemic, the U.S. government has made billions of dollars available in loans to help companies make payroll and stay afloat. At the same...

bySusan Johnston Taylor

April 7, 2020

Frequently Asked Questions About Applying for SBA Disaster Loans (EIDL) Due to Coronavirus

This article has been updated April 23, 2020 to include additional funding approved by Congress. Small business owners impacted by the coronavirus crisis may want to consider an SBA Economic Injury Disaster Loan. These loans...

byNav

March 31, 2020