Apply or request an increase for federal relief funds through EIDL

Event type: 
Webinar
When and where
Date: 
Tuesday, November 16, 2021
Time: 
4:30 pm CT
Location: 
IL
What

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 and the SBA Illinois District Office to learn about how you can access these funds or request an increase if you have already received a COVID-19 EIDL loan.


Topics include:

  • How a value-based loan benefits small business owners use for payroll, working capital, payment of commercial or federal debt, and payment of other cost expenses.
  • Understanding the difference between requesting an increase on an existing COVID-19 EIDL loan versus re-applying
  • How the federal Employee Retention Credit (ERC) could help with cash flow
More Information / Register
Contact: 
Geri Aglipay
Event topic: 
Access to Capital
COVID-19