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The Fierce Female Network - $484 Billion Approved But Where Is It? EIDL Updates As Of April 21st

$484 Billion Approved But Where Is It? EIDL Updates As Of April 21st

The Fierce Female Network
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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