SBA-backed loans of up to $250,000 are available from community-based lenders to qualified business owners, open up to Sept 2022.
As per SBA, the PPP loan forgiveness may be available to current borrowers.
On October 8, 2021, the SBA began approving loans worth more than $500,000.
SBA ceased accepting new COVID-19 EIDL loans or advance applications on January 1, 2022.
SBA shut the door to review COVID-19 EIDL loan increase requests as of May 6, 2022.
The COVID-19 EIDL site or RAPID portal was closed on May 16, 2022.
The SBA no longer accepts requests for COVID-19 EIDL loan increases or reconsideration.
As per Bank of America, SBA loans for established business is available.
You must apply by September 30, 2022, and by January 31, 2023, you must close and fund your application.
Only qualifying secured term loans with a minimum of $100,000 and $5,000,000 are eligible for this offer.
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