Coronavirus Coverage

The Commercial Record’s coverage of the coronavirus outbreak’s impact on the state’s real estate and finance industries, and the local economy.

SBA Increases EIDL Loan Limit

SBA Increases EIDL Loan Limit

March 25, 2021 | Reprints | Unlock Link

The U.S. Small Business Administration will more than triple the maximum amount that small businesses and nonprofit organizations can borrow through the COVID-19 Economic Injury Disaster Loan (EIDL) program. The loan limit will increase from $150,000 to $500,000 starting the week of April 6, and the time frame for economic injury will increase from six months to 24 months.