Businesses that received an Economic Injury Disaster Loan (EIDL) as a result of the COVID-19 pandemic could use funds to pay fixed debts, payroll, accounts payable, and other bills that can’t be paid due to the disaster. Rates forSBA EIDL loansare different than rates for other SBA Disa...
Congratulations, you have now completed your application for the COVID-19 Economic Injury Disaster Loan! Okay, I’ve applied. What do I do now? Unfortunately, there’s nothing to do but wait. The SBA will contact you at the email address provided if they need additional information after yo...
As a result of COVID-19, small businesses and private not-for-profits suffering economic injury in New York, New Jersey, and Pennsylvania are now being offered low-interest disaster loans for working capital through the US Small Business Administration (SBA) Economic Injury Disaster Loan (EIDL)...
eligible small businesses who have been economically impacted by the COVID-19 pandemic should strongly consider taking advantage of these loan programs. Applications for EIDLs should be submitted directly to the SBA, while PPP loans will be available from SBA-approved...
The latest updates on how TD Bank is helping business owners impacted by COVID-19, the latest from the CARES Act, payroll protection, SBA loans, application info and more.
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The Paycheck Protection Program, which promises $350 billion to small businesses affected by the coronavirus pandemic, is supposed to begin today, with a loanapplication formalready live on the U.S. Treasury’s website. Eligible businesses can apply for loans of up ...
PPP Loans: Helping Field Service Businesses Stay Strong During COVID-19 You rely on your employees to succeed. Unfortunately, due tocircumstancesbeyond your control, you may have found it difficult to keep them on the payroll the past few months. Consider applying for a PPP loan before August...
Once the form has been completed, the lender has 60 days to review the application and submit it to the SBA, which has 90 days to make a decision regarding forgiveness. Last month, the SBA announced that it was eliminating the Loan Necessity Questionnaire for PPP loans of $2 million or ...
The application may be submitted online through the SBA's website. Details about the loan program are as follows: Loans may be made in an amount of up to $2,000,000 per borrower. Loans carry an interest rate of 3.75% (2.75% for non-profit organizations). ...