The Small Business Administration (“SBA”) has resumed processing loan applications filed under its popular Economic Injury Disaster Loan (“EIDL”) program. The SBA previously announced that it was no longer processing EIDL applications, as funding for the program had lapsed. Applications that were previously submitted to the SBA will be processed on a first-come, first-served basis. At this time, the only new EIDL applications that will be accepted are those filed by agricultural businesses. However, it is anticipated that the SBA may reopen the EIDL program for new applications from other sectors in the future.
If you require assistance with a pending EIDL application or are interesting in submitting an EIDL application, please contact Paul T. Rushton (firstname.lastname@example.org) or Christyan A. Telech (email@example.com) of our Business & Finance Department.