Deadline for Small Business Association COVID-19 Relief Loans Is Drawing Near
Small businesses hoping to start off the new year with some extra funding to offset pandemic-related losses are almost out of time. The Small Business Association has set December 31, 2021, as the deadline for three types of COVID-19 relief loans: COVID-19 Economic Injury Disaster Loan (EIDL), Targeted EIDL Advance, and Supplemental Targeted Advance. Small businesses applying for the EIDL may receive up to $15,000 in funds that do not need to be repaid. The two additional types of loans are available only to businesses in low-income communities. In order to apply for the targeted loans, businesses must first apply for an EIDL. Click here to read more.