{"id":406788,"date":"2020-12-30T21:35:15","date_gmt":"2020-12-31T02:35:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=406788"},"modified":"2020-12-30T21:35:15","modified_gmt":"2020-12-31T02:35:15","slug":"sba-extends-covid-19-economic-injury-disaster-loan-application-deadline-through-dec-31-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sba-extends-covid-19-economic-injury-disaster-loan-application-deadline-through-dec-31-2021\/","title":{"rendered":"SBA Extends COVID-19 Economic Injury Disaster Loan Application Deadline through Dec. 31, 2021"},"content":{"rendered":"
\n

Washington, Dec. 30, 2020 (GLOBE NEWSWIRE) — The U.S. Small Business Administration<\/u><\/a> today announced that the deadline to apply for the Economic Injury Disaster Loan (EIDL)<\/u><\/a> program for the COVID-19 Pandemic disaster declaration is extended to Dec. 31, 2021.\u00a0 The deadline extension comes as a result of the recent bipartisan COVID-19 relief bill passed by Congress and enacted by President Trump on Dec. 27, 2020.\u00a0<\/p>\n

To date, the SBA has approved $197 billion in low-interest loans which provides working capital funds to small businesses, non-profits and agricultural businesses to make it through this challenging time.\u00a0\u00a0<\/p>\n

\u201cFollowing the President\u2019s declaration of the COVID-19 Pandemic, the SBA has approved over 3.6 million loans through our Economic Injury Disaster Loan program nationwide,\u201d Administrator Jovita Carranza said. \u201cThe EIDL program has assisted millions of small businesses, including non-profit organizations, sole proprietors and independent contractors, from a wide array of industries and business sectors, to survive this very difficult economic environment.\u201d\u00a0<\/p>\n

EIDL loan applications will continue to be accepted through December 2021, pending the availability of funds. Loans are offered at very affordable terms, with a 3.75% interest rate for small businesses and 2.75% interest rate for nonprofit organizations, a 30-year maturity, and an automatic deferment of one year before monthly payments begin. Every eligible small business and nonprofit are encouraged to apply<\/u><\/a> to get the resources they need.<\/p>\n

###\u00a0<\/p>\n

\n About the U.S. Small Business Administration<\/strong>\n <\/p>\n

The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit https:\/\/www.sba.gov.<\/u><\/a><\/p>\n


\n
\n \n <\/div>\n

\n
Press Office\r\nUnited States Small Business Administration\r\nPress_Office@sba.gov\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Washington, Dec. 30, 2020 (GLOBE NEWSWIRE) — The U.S. Small Business Administration today announced that the deadline to apply for the Economic Injury Disaster Loan (EIDL) program for the COVID-19 Pandemic disaster declaration is extended to Dec. 31, 2021.\u00a0 The deadline extension comes as a result of the recent bipartisan COVID-19 relief bill passed by Congress and enacted by President Trump on Dec. 27, 2020.\u00a0 To date, the SBA has approved $197 billion in low-interest loans which provides working capital funds to small businesses, non-profits and agricultural businesses to make it through this challenging time.\u00a0\u00a0 \u201cFollowing the President\u2019s declaration of the COVID-19 Pandemic, the SBA has approved over 3.6 million loans through our Economic Injury Disaster Loan program nationwide,\u201d Administrator … <\/p>\n
Continue reading “SBA Extends COVID-19 Economic Injury Disaster Loan Application Deadline through Dec. 31, 2021”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-406788","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSBA Extends COVID-19 Economic Injury Disaster Loan Application Deadline through Dec. 31, 2021 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sba-extends-covid-19-economic-injury-disaster-loan-application-deadline-through-dec-31-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBA Extends COVID-19 Economic Injury Disaster Loan Application Deadline through Dec. 31, 2021 - 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