ABSTRACT

SBA EIDL and Emergency EIDL Grants for COVID-19 [Updated April 30, 2020]   [open pdf - 536KB]

From the Document: "Congress increased eligibility for certain businesses and organizations for Small Business Administration (SBA) economic injury disaster loans (EIDL) and established an Emergency EIDL Grant program under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act; P.L. 116-136) to provide shortterm, economic relief to certain small businesses and nonprofits affected by COVID-19. This Insight provides a brief overview of EIDL, including eligibility and loan terms. It also provides an overview of Emergency EIDL Grants, and describes how EIDL can be used in conjunction with Paycheck Protection Program (PPP) loans. EIDL eligibility and loan terms under the CARES Act differ from EIDL provided for other disasters."

Report Number:
CRS Insight, IN11370
Author:
Publisher:
Date:
2020-04-30
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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