SBA

@SBAgov ↗

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Last Checked April 20, 2021

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Fri Mar 26 16:42:08 +0000 2021

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SBA @SBAgov

3️⃣ You can receive an EIDL and a PPP or SVOG. You can receive an EIDL and receive a #PaycheckProtection Program loan or a Shuttered Venue Operators Grant. However, they can’t be used for the same purpose or costs as the EIDL. — PolitiTweet.org

Posted March 26, 2021

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SBA @SBAgov

2️⃣ The deferment period is extended until 2022. SBA extended deferment periods for all disaster loans, including #COVID19 EIDLs, until 2022. All SBA disaster loans made in 2020 will have a first payment due date extended from 12 months to 24 months from the date of the note. — PolitiTweet.org

Posted March 26, 2021

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SBA @SBAgov

An EIDL helps businesses meet financial obligations and operating expenses that could have been met had the disaster not occurred. The terms: 30 years at a 3.75% fixed interest rate for businesses and 2.75% fixed interest rate for nonprofits. Unlike PPP, an EIDL isn't forgivable. — PolitiTweet.org

Posted March 26, 2021