SBA: COVID-19 disaster loan program out of money

Cindy Apt

The federal government’s COVID-19 disaster loan program for small businesses and nonprofits ran out of money on Saturday, hours after the deadline for borrowers to request additional loan funds, according to an email notification obtained by Newsday. The U.S. Small Business Administration, in the message to borrowers, said all funds […]

Application deadline for more SBA COVID-19 loans is Friday

Cindy Apt

Friday is the deadline for small businesses and nonprofits with COVID-19 federal disaster loans to request an increase in their loan amount, officials said. The U.S. Small Business Administration announced it will accept requests for “a loan increase” under the COVID-19 Economic Injury Disaster Loan program through “May 6 because […]