EIDL opens back up grants and loans for small businesses and independent contractors

EIDL opens back up grants and loans for small businesses and independent contractors

EIDL opens back up grants and loans for small businesses and independent contractors
Reading Time: < 1 minute(Last Updated On: June 16, 2020)

The Economic Injury Disaster Loan (EIDL) program has begun accepting new applications once again after having put a hold back in mid-April.

Small business owners and independent contractors can now once again apply and access grants of $1,000 per employee ($1,000 for independent contractors, maximum $10,000 for employers) and loans of up to $2 million.

Grants are available through December 16, 2020, but funds will likely run out before then – apply for an EIDL soon and don’t miss out on this opportunity!

Disclaimer: The information contained in this article is provided for informational purposes only, should not be construed as legal advice on any subject matter and should not be relied upon as such. The author accepts no responsibility for any consequences whatsoever arising from the use of such information.