EIDL LOAN CAP INCREASES TO $2 MILLION | STEP-BY-STEP

She Boss Talk

Sep 17, 2021•50 min

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Episode description

In this episode we discuss how the Small Business Administration (SBA) has officially increased the maximum amount of funding a small business can borrow through this program from $500,000 to $2 million, which can be used to hire and retain employees, purchase inventory and equipment, and pay off higher-interest debt. The increase can be received after a 30 day exclusivity period. Find out how small businesses can get an increase of their loan amount, new uses, new rules and new deferment period.

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