SBA News Update
SBA Administrator Jovita Carranza announced today that agricultural businesses are now eligible for SBA’s Economic Injury Disaster Loan (EIDL) and EIDL Advance programs.
SBA’s EIDL portal reopened today as a result of funding authorized by Congress through the Paycheck Protection Program and Healthcare Enhancement Act. The legislation, signed into law by the President one week ago, provided additional funding for farmers and ranchers and certain other agricultural businesses affected by the Coronavirus (COVID-19) pandemic.
Businesses who submitted a COVID-19 EIDL application prior to March 30 and have a “2” as the lead number in their application confirmation number must reapply using the new streamlined application for their application to be processed.
Applicants with a “3” on the front of their 10 digit application confirmation number means they have successfully applied using SBA’s new streamlined application and the SBA is processing the application. Businesses will be notified directly when the loan is approved.
For any questions related to EIDL or EIDL Advance, contact the SBA Office of Disaster Assistance Customer Service Center at 1-800-659-2955 or DisasterCustomerService@sba.gov.