A $20 billion federal initiative to provide emergency funding to small businesses is out of cash. The U.S. Small Business Administration (SBA) announced in a press release the end of the Economic Injury Disaster Loan (EIDL) Advance program. The EIDL was crafted to provide economic...
Without any public notice, a federal business disaster loan program has been capped at $150,000 and limited to farmers and agriculture businesses, according to The Washington Post. The Small Business Administration’s (SBA) Economic Injury Disaster Loan (EIDL) program, once an emergency source of funding, is...
After receiving over 3 million applications as the coronavirus pandemic continues, an emergency loan program helmed by the Small Business Association (SBA) is running low on funds. The Emergency Injury Disaster Loan program, run separately from the SBA, gets funding from the government usually for...
August 28, 2022
The Secret Service has reportedly recovered $286 million in COVID-19 relief funds that had been obtained illegally by people using fake identities. According to a Friday (Aug. 26) Wall Street Journal report, the money seized was taken from conspirators using fake or stolen credentials to apply for Economic Injury Disaster Loans, which was part of […]
July 13, 2020
A $20 billion federal initiative to provide emergency funding to small businesses is out of cash. The U.S. Small Business Administration (SBA) announced in a press release the end of...
May 07, 2020
Without any public notice, a federal business disaster loan program has been capped at $150,000 and limited to farmers and agriculture businesses, according to The Washington Post. The Small Business...
