Economic Injury Disaster Loan Program (EIDL) During Pandemic

April 2, 2020

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The federal government offers two programs. One is the Paycheck Protection Program (PPP) and the other is the SBA Economic Injury Disaster Loan (EIDL). The EIDL program offers loans up to $2 million to give working capital to small businesses impacted by COVID-19 when they are unable to obtain credit elsewhere. Current rates are 3.75% with up to 30-year payment terms.

In addition, look in federal, state, county and city loan and grant programs. We will add guidance on applying for these loans as we learn more.



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Tom Kendall

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