Corona Virus Update: Federal Disaster Loan Program

  • The Small Business Administration is reopening its Economic Injury Disaster Loan and EIDL advance grant portal to a broader array of eligible small businesses and nonprofits affected by the coronavirus pandemic, beginning Monday.
  • The portal had been accepting applications only from agricultural businesses for the last month, as demand was high, and those businesses had not been EIDL eligible in the past.
  • Unlike the Paycheck Protection program, which businesses have the opportunity to apply to through June 30, businesses can apply to the EIDL programs through end of year.