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COVID 19 Related: Emergency Injury Disaster Loan (EIDL)

Posted by Ruchi Attal Posted on Apr 03 2020

 

Regarding the EIDL (Economic Injury Disaster Loan)

Loans are available for reasons other than payroll costs .

This allows for a emergency grants in the form of an immediate advance of up to $10K

Advance can reduce the amount forgiven by $10K if you also apply for PPP.

Loan is payable over 10 years at 3.75% interest rate.   

 

Resources: EIDL Application

Resources: Program Details