SBA enhances COVID Economic Injury Disaster Loan program to aid small businesses facing challenges from Delta variant

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WASHINGTON – U.S. Small Business Administration Administrator Isabella Casillas Guzman announced major enhancements to the COVID Economic Injury Disaster Loan (EIDL) program, a federal disaster relief loan designed to better serve and support small business communities still reeling from the pandemic, especially hard-hit sectors such as restaurants, gyms and hotels. The SBA is ready to receive new applications immediately from small businesses looking to take advantage of these new policy changes. “The SBA’s COVID Economic Injury Disaster Loan program offers a lifeline to millions of small businesses who are still being impacted by the pandemic,” Casillas Guzman said. “We’ve retooled this critical program – increasing the borrowing limit to $2 million, offering 24 mo
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