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SBA makes changes to COVID-19 loans

In the news you can use category, the Small Business Administration has increased the amount allowed in the Economic Injury Disaster Loan Program.   The limits go from 6-months of injury with a max of $150,000 to 24 months with a max of $500,000.   

This is in addition to the extension of deferments periods until 2022 previously announced on March 12.   

Why do we care?

That’s all news you can use.  Leverage the programs if you need to, and share the information!

Source: Commercial Integrator