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Saturday, April 27, 2024

ILLINOIS STATE HOUSE DISTRICT 72: SBA’s EIDL program has been updated.

72

Illinois State House District 72 issued the following announcement on May 7

SBA’s EIDL program has been updated. Legislation from 4/23 provided additional funding to the EIDL and EIDL advance programs. In addition, it relaxed eligibility requirements so agricultural businesses including businesses engaged in the legal production of food and fiber, ranching, and raising of livestock, aquaculture, and all other farming and agricultural related industries (as defined by section 18(b) of the Small Business Act (15 U.S.C. 647(b)) are eligible for the EIDL and EIDL advance. These businesses would still need to meet the criteria of having 500 or fewer employees.

The portal is now open for ag business to apply at this site: https://www.sba.gov/page/disaster-loan-applications

Original source can be found here.

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