Harris Arthur
7/7/2020 12:17 PM
A client of mine received a $90,000 EIDL loan as a result of applying initially for the EIDL grant, which they received. Since the maximum EIDL loan under the emergency COVID program is $200,000 (not talking about the $2MM under the regular program), is there a way to apply for additional funds up to $200K, or is a separate application needed? Can't find the answer on the SBA website-maybe someone can direct me.
Thanks!
Marc Core
7/7/2020 4:59 PM
the EIDL loan docs indicate that you have 2 years to apply for additional funds but I have no idea of the mechanism. and actually talking to SBA is not easy - although a client of mine did actually get through!! on the phone!