SBA Extends COVID-19 Economic Injury Disaster Loan Application Deadline through December 2021
The deadline extension comes as a result of the recent bipartisan COVID-19 relief bill passed by Congress and enacted by President Trump on December 27, 2020.
To date, the SBA has approved $197 billion in low-interest loans which provides working capital funds to help small businesses, nonprofits, and agricultural businesses make it through this challenging time.
“Following the President’s declaration of the COVID-19 Pandemic, the SBA has approved over 3.6 million loans through our Economic Injury Disaster Loan program nationwide,” Administrator Jovita Carranza says.
“The EIDL program has assisted millions of small businesses, including nonprofit organizations, sole proprietors, and independent contractors, from a wide array of industries and business sectors, to survive this very difficult economic environment.”
EIDL loan applications will continue to be accepted through December 2021, pending the availability of funds. Every eligible small business and nonprofit is encouraged to apply to get the resources they need.
Architecture & Engineering Special Section + Small Business
In the February 2024 issue of Alaska Business, we engineered a special section that inspects the many ways architecture and engineering enrich our lives, from creating beautiful and functional spaces to crafting functional and safe transportation corridors. In addition to the built world in which we live, this issue celebrates small businesses and the many functions they provide, whether they're developing tools in the healthcare industry or opening new dining locations.