Recently, the US Small Business Administration (SBA) announced new flexibilities and enhancements for the COVID-19 Economic Injury Disaster Loans (EIDL) program. The COVID-19 EIDL program provides 30-year loans with fixed interest rates of 3.75% for eligible businesses.
The National Restaurant Association has been working with the SBA to make improvements to EIDL.
These improvements include:
The National Restaurant Association is hosting a webinar with the SBA on the EIDL enhancements on September 15th at 1:00 pm (CT).