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Posted on: June 18, 2020

COVID-19 Financial Relief Extended

SBA is re-opening the EIDL program to ALL small businesses and non-profits, effective immediately. The EIDL program is administered by the SBA and the application can be found at https://covid19relief.sba.gov/#/  The program provides up to $10,000 in immediate advance funding and then up to $2 million in low-interest funding to be used for business-related expenses. The program will remain open until funding is gone.

 PPP Deadline

The PPP also remains open to all eligible small businesses and non-profits impacted by COVID-19, with additional flexibilities for the use of the funding and forgiveness. However, the deadline for applications to the PPP is June 30. Funding remains available but applications will no longer be accepted after this month. https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program 

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