As of January 1, 2022, we are not able to accept applications for new COVID EIDL loans or advances.
- The U.S. Small Business Administration (SBA) will accept and review reconsideration and appeal requests for COVID EIDL applications received on or before December 31 if the reconsideration/appeal is received within the timeframes in the regulation. This means six months from the date of decline for reconsiderations and 30 days from the date of reconsideration decline for appeals – unless funding is no longer available.
- Borrowers can request increases up to their maximum eligible loan amount for up to two years after their loan origination date, or until the funds are exhausted, whichever is soonest.
SBA continues to offer other funding options for small businesses including traditional SBA loans.
To learn more about what the SBA has to offer for relief options, click here.
