On 9/9/2021 the SBA made the following major enhancements to the COVID EIDL Program: • Increasing the COVID EIDL Cap. The SBA will lift the COVID EIDL cap from $500,000 to $2 million. Loan funds can be used for any normal operating expenses and working capital, including payroll, purchasing equipment, and paying debt. • Implementation of a Deferred Payment […]