Updated Deadline for Economic Injury Disaster Loan Applications

January 8, 2021
Updated Deadline for Economic Injury Disaster Loan Applications

SBA announced the deadline to apply for a COVID-19 pandemic Economic Injury Disaster Loan (EIDL) was extended to December 31, 2021.

To date, SBA has approved $197 billion in low-interest loans, which provide U.S. small businesses, non-profits and agricultural businesses working capital funds. EIDL applications will continue to be accepted through December 2021, pending the availability of funds.

Loans are offered at affordable terms, including a 3.75% interest rate for small businesses and 2.75% for non-profit organizations, a 30-year maturity and an automatic deferment of one year before monthly payments begin. All eligible small businesses and nonprofits are encouraged to apply.

Learn more and apply for an Economic Injury Disaster Loan


<< Return to January 2021 Bullseye Newsletter

;