Federal Small Business Administration Reopens Loan Program for Businesses Affected by COVID-19

The U.S. Small Business Administration yesterday reopened the Economic Injury Disaster Loan (EIDL) program and the EIDL Advance portal. The EIDL offers long-term, low-interest loans to small businesses or non-profits experiencing temporary loss of revenue due to the pandemic. EIDL Advance provides businesses with up to $10,000 of emergency economic relief that does not have to be repaid. For more information, click here.

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