eidl

A collection of 103 posts

eidl Featured

EIDL Hardship Accommodation Plan Open To All EIDL Borrowers

The Small Business Administration (SBA) recently announced that all COVID Economic Injury Disaster Loan (EIDL) borrowers have the option of enrolling in the Hardship Accommodation Plan (HAP). Here are the details, what's changed, and the important deadlines to keep in mind. 📌 Pro-tip: If you need 1-1

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Extended Relief: SBA EIDL Hardship Accommodation Continues to Support Small Businesses

The global pandemic brought unforeseen challenges to small businesses, but relief efforts like the COVID Economic Injury Disaster Loan (EIDL) program have provided a critical lifeline. With over 4 million small businesses benefiting from loans of up to $2 million, the EIDL program has been pivotal in the recovery phase

eidl Featured

SBA's New Decision For EIDL Loan Borrowers: What You Need To Know

In a recent development, the Small Business Administration (SBA) has made a significant policy decision regarding Economic Injury Disaster Loans (EIDL) borrowers. This decision has major implications for over 4 million COVID EIDL borrowers, impacting both their financial obligations and future SBA funding. In this blog post, we'll

eidl Featured

Survey: 88% of Minority-Owned EIDL Recipients Need More Funding

88% of minority-owned businesses that received EIDL funding still need more — a reality which is echoed by women-owned businesses as well. Here are more results from our study.

eidl Featured

Can't Make EIDL Payments? Here's What You Can Do.

By now, nearly every COVID EIDL loan borrower has had to make their first payment back to the government. The problem is: Millions of businesses are still struggling and COVID EIDL monthly payments may be difficult to make. If you're having trouble paying your EIDL loan, are getting

eidl

What Happened? A Look Back At The End of COVID EIDL Program

The COVID EIDL program helped nearly 4 million small business owners receive critical funding at the height of the pandemic and brought the Small Business Administration (SBA) into public consciousness.  Now the program has ended and millions of small businesses still need help to survive. As we near the 1

eidl

How to Check Who's Received EIDL Grants or Loans or PPP Loans

Looking to see who's received EIDL grants, EIDL loans, or PPP loans? We've built a search tool to help you do just that.

eidl Featured

How to Make EIDL Loan Payments: A Step-by-Step Guide to EIDL Repayment

Even if your EIDL loan is still in deferment, interest is accruing. If you need or want to begin making payments on your EIDL loan, here's a step-by-step guide to show you exactly how to do it.

eidl Featured

SBA Launches "Hardship Accommodation Plan" for EIDL Borrowers

This is a developing story. We will let you know as we receive more details from the SBA. Make sure to log into Skip and subscribe to our YouTube [https://www.youtube.com/c/skipapp?sub_confirmation=1]. 👉 Login to CAFS Dashboard on SBA.gov to Request Changes [https://caweb.

eidl funding Featured

SBA Announces Disaster EIDL Funding due to Hurricane Ian

On Thursday, the SBA announced Disaster Loan Assistance for those affected by Hurricane Ian in Florida. Here's the latest information on what counties are eligible and what type of disaster assistance is available. 📌 On Wednesday October 5 at 3pm EST, an SBA director is joining our CEO Ryder

sba Featured

SBA Sends Important Dates on End of EIDL Program

The COVID EIDL program, that has helped nearly 4 million small businesses survive, is officially winding down. On Wednesday, the SBA sent out key dates on the closing of the program, including the last day they'll accept increase requests. Here's the latest information, including what other

eidl Featured

Breaking: SBA Extends Deferment for EIDL Loan Payments to 30 Months

Tuesday, the Small Business Administration announced in a press release that current Economic Injury Disaster Loan (EIDL) borrowers will receive an extension to their loan deferment. Here's what you need to know.

eidl Featured

Breaking: SBA Could Exhaust EIDL Funds As Early as Mid-April

Recently we heard from a source at the SBA that the Economic Injury Disaster Loan (EIDL) program has approximately $41B remaining. Here's what you need to know — and do.

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How This Business Owner Overcame 6 EIDL Denials

Over the past two years, we've heard thousands of stories from small business owners who've been saved by pandemic relief programs, especially the SBA's COVID EIDL program. In fact, our recent EIDL survey [https://helloskip.com/blog/eidl-funding-survey-february-2022/?ref=SkipBlog]

insurance Featured

Hazard Insurance for SBA Loans: What Is It and How to Get It

SBA loans can be great options for your small business, but you will need to show proof of hazard insurance. We discuss what it is, what it covers, and how to get it.

eidl Featured

New Survey: EIDL Funding Kept 60% of Recipients in Business

Our survey of over 1K small businesses revealed several eye-opening realities. One of the most jarring — 60% of businesses reported that they would be out of business today if they did not receive EIDL funding.

eidl Featured

Targeted Advance Reconsiderations Due February 15th

The SBA announced that the final deadline for all Targeted Advance reconsiderations is February 15th, 2022. Read more about it and take our EIDL survey.

eidl Featured

Apparently the SBA Had Major Email Issues Affecting EIDL Applicants — Here's The Scoop

Recently we heard from the SBA about an issue they experienced with their server that resulted in lost emails and email attachments.

eidl Featured

Will There be More EIDL Funding?

According to a recent study, 82% of small businesses support additional government spending and 86% want the EIDL to be reauthorized. Here's what you need to know.

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7 Legitimate Ways to Use Your EIDL Funds

With the new EIDL guidelines, businesses are able to use EIDL funds for various purposes. Here are seven legitimate ways to use your EIDL funds once you are approved.

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Four EIDL Grant Alternatives for 2022

The EIDL program has ended, but you still have options. In this article, we will point you in the direction of four EIDL grant alternatives available for all businesses

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SBA Processes Record Number of EIDL Approvals – With Examples

The SBA has approved over $321.8 billion in EIDL funding. Here are some current approval numbers, stories, and timeline clarification.

eidl loans Featured

SBA Says They Could Fund All EIDL Applicants To Full Amount

On December 31st, some of the EIDL loan and grant programs helping small business across the US ended — but not fully. In fact, there's good news from an SBA spokesperson. There's enough existing funding at the SBA to fund all EIDL applicants up to their full

apply for eidl Featured

EIDL Program Closes Next Friday: Here's What You Need To Know

The EIDL program will close on December 31st. There has been some confusion around the timeline, so this article will explain what will and will not happen on December 31st.

eidl Featured

EIDL Deadline is in 2 Weeks: Take These Steps Today

The EIDL program closes in two weeks. No matter where you are in the process, we have some tips for you.