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SBA reopens emergency relief program for small businesses hurt by pandemic

from Small Business Administration

The SBA this week reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance programs so small businesses and non-profits can receive long-term, low-interest loans and emergency grants. EIDL assistance can be used to cover payroll and inventory, pay debt, or fund other expenses. The EIDL Advance provides up to $10,000 of emergency economic relief to businesses that are currently experiencing temporary difficulties, and these emergency grants do not have to be repaid. more


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