Client Alert: SBA Modifies COVID-19 Economic Injury Disaster Loan Program

With the rise of the Delta variant of COVID-19 and the end of economic assistance from programs such as the Paycheck Protection Program and the Restaurant Revitalization Fund, the negative economic effects caused by the pandemic are still being felt by many small businesses. In light of the hardships these businesses continue to face due to the pandemic, the U.S. Small Business Administration (the “SBA”) recently made changes to the COVID-19 Economic Injury Disaster (“COVID EIDL”) loan program to both make additional funding available to applicants and to loosen certain eligibility requirements. Learn more in this Client Alert written by Anthony Zeoli and Robert Sikorski.