The SBA’s Economic Injury Disaster Loan program has undergone major updates that have provided the agency more capacity to process loans with greater speed, and for business owners many new beneficial aspects.
For instance:
Higher loan amounts are available for new applications or requests for increases.Increased flexibility for use of funds.Automatic payment deferrals for 24 months from loan origination.Simplified affiliation rules for all industries.Additional accommodations for industr...
