Increases to the EIDL Program!

If you are in need of an Economic Injury Disaster Loan, I have good news starting in April. 👇👇👇👇

Starting the week of April 6th, the #SBA is tripling the amount small #business can borrow under the EIDL program. 💹

Currently, the maximum amount under the #EIDL program is $150,000. Starting next week this amount increases to $500,000. 💰

Do keep in mind the EIDL is a LOAN that needs to be repaid starting in 2022. These loans have a 30 year maturity and interest rates ranging from 2.75% to 3.75%. This program does not have a forgiveness feature similar to the #PPP program.