One thought on “What Happens After Your Economic Injury Disaster Loan is Approved?

  1. Arti says:

    If you’ve already applied, there is no need to reapply as applications are processed on a first-come, first-serve basis. S. Small Business Administration (SBA) has approved 3,612,236 Economic Injury Disaster Loans (EIDL) totaling $191,994,805,796. The SBA is still playing catch-up—accumulating all needed documentation, even after signed loan docs are submitted, and EIDL funds are received. As of mid-October 2020, the U. Those fortunate small businesses that have already received their loan monies can rest easier, but the work may not be over. Those numbers likely will rise as the application deadline for EIDL loans is not until December.

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