Due to limited appropriations funding, the application portal for the EIDL–COVID-19 assistance program (EIDL loans and EIDL Advances) is temporarily closed. • Applicants who have already submitted their applications will continue to be processed on a firstcome, first-served basis. • SBA is processing EIDL applications as quickly as possible. SBA will provide those whose applications are approved with loans that will cover the business’s short-term working capital needs. • This is in addition to the EIDL Advance that small businesses and non-profits are eligible to receive as a result of the CARES Act.
04/23/20 • 21 min
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