SBA Disaster Federal Secured Loans Federally Secured Low Interest Loans managed by the SBA
The Small Business Administration SBA and FEMA team up and offer Federal Money in the form of a low interest rate Federally Secured Loan. SBA Manages the process while FEMA funds the money.

SBA Disaster Recovery Loan covering Economic Injury EIDL Detailed for Self-Employed /Independent Contractor.

By Murray Wennerlund published 4-15-2020
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SBA Economic Injury Disaster Loan EIDL application processing detailed tips for business owners that are Self-Employed or Independent Contractor with yourself as your only wage earner or a joint 1040 schedule C filing person.

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SBA EIDL response to Major Disaster for the State of Louisiana, Texas, and Arkansas regarding Hurricane Laura

By Murray Wennerlund published 9-10-2020
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If you absolutely have no choice but to apply for a 30 year fixed interest loan from the SBA for your Economic Injury that your business suffered as a direct result of damage from Hurricane Laura the SBA EIDL is available if you have no other options.

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Can I take both PPP and EIDL then ask for 100% forgiveness for my PPP?

By Murray Wennerlund published 8-6-2020
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Can I take both PPP and EIDL then ask for 100 forgiveness for my PPP and use my EIDL as working capital to cover my reduced earnings because of the covered period of the COVID-19 pandemic?

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US CODE Referenced in HR 748 USE OF FUNDS for SBA Economic Injury Disaster Loans.

By Murray Wennerlund published 8-6-2020
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More information about what you can use your SBA EIDL for. Its working capital, its for reduction in revenue earnings during a disaster and we are in a declared disaster which should mean you cut back when you can and budget.

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SBA Economic Injury Disaster Loan ( EIDL ) COVID19 Relief FAQs

By Contributor published 4-24-2020 updated 9-4-2020
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SBA Economic Injury Disaster Loan EIDL COVID19 Relief FAQs

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How to ask that your SBA EIDL be Canceled but not the Emergency Grant Advance.

By Writers Pool published 8-5-2020
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Youre not going to find this in the manual but if youre going to ask that your loan be cancelled and you want to stay in the program for the Emergency Grant Advance this is an option I think will assist you.

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SBA OIG identified possible discrepancies on the calculation of interest with the EIDL

By Writers Pool published 8-5-2020 updated 1-11-2022
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Congress could change the formula under the Small Business Act if it considered the language ambiguous, or it could designate an interest rate including a zero interest rate for all SBA EIDL for the duration of COVID-19.

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SBA Targeted EIDL Advance Grant

By Contributor published 1-28-2021
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COVID-19 Targeted EIDL Advance was signed into law on December 27, 2020, as part of the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act. The Targeted EIDL Advance provides businesses located in low-income communities.

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American Rescue Plan Act Duplication of Benefits concerns and alerts

By Murray Wennerlund published 4-8-2021 updated 1-15-2022
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SVO Grant is a duplication of benefits with the SBA EIDL and any PPP Draw. A duplication of benefits occurs when your business including self-employed gig workers receives financial assistance which can be in the form of federal secured loans

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