Important Update! SBA Economic Injury Disaster Loan Program

04.22.2020

 

 

Staff Contribution

 

 

The SBA Economic Injury Disaster Loan (EIDL) Program has begun funding advances up to $10,000 ($1,000 per employee) on applications that were submitted at the end of March/early April. Please note, this is NOT the Payroll Protection Program.

 

 

 

There is a 2-3 week delay in processing, and businesses may not receive notification by phone or email that an advance has been approved.

 

 

 

Please check your business bank account to see if the advance has been deposited without notification!

 

 

 

Businesses can also call the SBA Office of Disaster Assistance Customer Service Center number (800) 659-2955 or email: disastercustomerservice@sba.gov  for a status of applications.

 

 

 

We will continue to provide updated information as it becomes available.