SBA Doubles Disaster Loan Limits

The SBA doubled disaster loan limits, the biggest change to the disaster loan program in 30 years. This program, also known as the EIDL program, helps businesses in times of declared disasters.

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[Steve-Chukee]

We need update regarding EIDL forgiveness

[jaco]

We would love another BIG grant… like ppp amount

[kabulkabuliiiiii]

I had a EIDL loan
Now I want to apply for this new loan how I can apply tell me please!

[geminimex]

Loans upon loans upon loans. How much more debt can ppl endure?! Its an enslavement

[monicaguerra]

That is all a lie here in the state of Texas in Cameron county we had a disaster declaration by our governor Greg Abbott and SBA partnered to help this area but I was denied the first time as a renter because lack of income then I provided that and more and pictures of loss as a renter. So the second time I resubmitted reconsideration then my income was not the issue anymore but SBA came back with another excuse denying me again due to bad credit.

[wendyjohnsontamparealtor]

You mentioned something about using the new loans to lower the out of pocket for the payments of the EIDL program. Can you elaborate?

[wilonayoung]

So the application is still active? Wisconsin

[manijehroshan]

Please get help to forgive EIDL for businesses which didn’t qualify for PPP loan and the business expenses were covered

[Iamkennedyt]

Hey Guys does this apply if you just got approved a month ago? Or this is for future applicants

[faribakbaia]

I need to know about SBA EIDL forgiveness. Is there one?!

[shahbaz]

Are they going to forgive the Eidl loan?

[dwaaemmanuel]

Please can you share the link to apply for the sba loan

[jennyjenny]

Skip and anyone else who's reading I have a question I ran out of time for reconsideration also I've made no payments on my loan I had covid for so many months that I've never really got back up and running will they look at my credit score again that's my biggest question and what about the paperwork 4506T for some reason it was received on May 5th and then they said they had no more funds but I did qualify for reconsideration but they ran out of funds by the time I got all the proper paperwork will credit score be affected because mine is shot to hell and back

[Theemichelleyvonne]

Can I speak to someone who can process the loan documents

[SS-brln]

I'm sure skip is speaking of natural disasters like tornados or wide spread fires not the covid eidl disaster loan.