SBA: “Unable to accept new applications… based on available appropriations funding”

SBA: “Unable to accept new applications… based on available appropriations funding”

The SBA has announced the following:

Lapse in Appropriations NoticeSBA is unable to accept new applications at this time for the Paycheck Protection Program or the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding.

EIDL applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.

https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

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