The COVID-19 Economic Injury Disaster Loan (EIDL) and EIDL Advance programs assist small businesses in recovering from the COVID-19 pandemic's economic effects under US SBA.

The SBA has issued critical information that has many small business owners panicking.

As of September 2021, the maximum loan size has been restored to $2 million for small businesses.

The Covid EIDL loan has been issued more than $351 billion, relief to 3.9 million borrowers.

On April 1, 2022, the SBA emailed that all COVID-19 EIDL loan monies will be depleted over the next two weeks by mid-April 2022.

The USSBA letter asked its borrowers to submit a 'request an increase' through its portal. Borrowers have also to submit Form 4506-T for COVID EIDL.

The SBA will not issue monthly SBA Form 1201 payment notices, but it will send email reminders frequently.

According to the SBA letter, borrowers must reply to SBA demands for signatures, confirmations, and documentation.

An increase can only be requested by enterprises that already hold an EIDL loan, not for new EIDL loan applications.

The initial payment has been delayed to 30 months by default (this change was made in March 2022).