Small businesses impacted by low sales or increased business debts due to the COVID-19 pandemic have until December 31 to get their applications in for the COVID-19 Economic Injury Disaster Loan (EIDL) program through the U.S. Small Business Administration (SBA).
The COVID-19 EIDL has a low 3.75% fixed interest rate and 30-year repayment term that’s available for owners with a minimum 570 credit score. Join Small Business Majority, Chicago Minority Supplier Development Council, and Illinois District Office, US Small Business Administration to learn about how you can access these funds or request an increase if you have already received a COVID-19 EIDL.
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