COVID-19 EIDL Enhancements for Small Business

Huge news for small businesses communities still recovering from the pandemic: SBA Administrator Isabel Guzman revealed major enhancements to the COVID-19 EIDL Economic Injury Disaster Loan program.

Restaurant Revitalization Fund (RRF)

Restaurant Industry related businesses like yours are eligible for funding equal to your COVID-19 pandemic-related revenue losses, up to $10 million per business and $5 million per location.

Don’t miss out on these 3 Opportunities for Small Businesses

Senator Ben Cardin, Chairman of the SBA Committee, introduced a new bipartisan bill that will benefit farmers, ranchers, and self-employed individuals, allowing eligible borrowers to recalculate their PPP loans, potentially increasing the amount.

SBA COVID-19 Relief Program

An Overview of the SBA COVID-19 Relief Program. SBA plans to start a $28.6B “phased” launch in April for the Restaurant Revitalization Fund.

Biden Signed the COVID-19 Relief

Today March 11, 2021 President Joe Biden signed the $1.9 Trillion Stimulus Bill that will provide the Payment Protection Program (PPP) an additional $7.25 billion and the Economic Injury Disaster Loan (EIDL) an additional $15 billion to fund shortfalls for the $10k grant.