The SBA's EIDL program has exhausted its funding, but a key deadline remains for small businesses. Here's what businesses need to know about the Covid-19 relief program. The Small Business ...

Haut writes, "The EIDL program is a loan program with a 30-year maturity and an interest rate of 3.75% for most borrowers. Under the COVID disaster declaration, EIDL loan payments are deferred for two ...

So now what? First, as always, I want to caution EIDL borrowers. If your loan was for more than $25,000, the government has filed a lien against your business. While you may have expected this, it is ...

A few weeks ago, I met an entrepreneur who bragged to me that he was having the best year in his company’s history and just had $2 million wired into his account by the SBA. Sadly, this has become all ...

The Small Business Administration approved 6,552 Economic Injury Disaster Loans (EIDL) in North Dakota, totaling over $745 million. In recent weeks I have heard several remarks about these loans. The ...

In March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide emergency financial assistance during the pandemic. The CARES Act included funding in the form ...