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EIDL loan and Targeted Advance applications will be accepted until December 31 and will continue to be processed after this date until funds are exhausted.
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Supplemental Targeted Advance applications will be accepted until December 31; however, the SBA may be unable to process some Supplemental Targeted Advance applications submitted near the December 31 deadline due to legal requirements. The
SBA cannot continue to process Supplemental Targeted Advance applications after December 31 and strongly encourages eligible small businesses to apply by December 10 to ensure adequate processing time.
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Borrowers can request increases up to their maximum eligible loan amount for up to two years after their loan origination date, or until the funds are exhausted, whichever is soonest.
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The SBA will accept and review reconsideration and appeal requests for COVID EIDL applications received on or before December 31 if the reconsideration/appeal is received within the timeframes in the regulation. This means six months from the
date of decline for reconsiderations and 30 days from the date of reconsideration decline for appeals – unless funding is no longer available.
The COVID EIDL and EIDL Advance programs still have billions of dollars available to help small businesses hard hit by the pandemic. More than 3.8 million businesses employing more than 20 million people have found financial relief through SBA’s Economic Injury
Disaster Loans.
Join this week’s webinars for more on EIDL and other topics:
Opening next week!
Join SBA and experts on contracting from throughout Wisconsin for three full days of opportunities and education. Grow your business and your expertise!
Meet with buyers from all levels of government and the private sector for networking and business growth.
SBA District Director Eric Ness will share an update on federal contracting at 2:00 pm, Dec 8
Meet with SBA Staff at our Booth Dec 8-9
Dec 7 virtual
Dec 8-9
The Wisconsin Center, Milwaukee
SBA and DOL: Choosing a Retirement Solution for Your Small Business
Dec
1, 10 am
Pay Right and Stay Safe: How Business Owners Can Comply with the Latest Federal Wage and Hour Laws and Workplace Safety Guidelines
Dec
2, 10 am
Back to Basics: SBA Funding and Contracting
Looking for next steps for your small business? Upcoming “Back to Basics” webinars will cover SBA-backed lending and federal contracting, as well as recent enhancements to the
COVID Economic Injury Disaster Loans, which are available for up to $2 million through Dec 31, 2021.
Dec
14, 1 pm
SBA & IRS Covid Tax Relief for Employers and Business Owners
Dec
16, 10 am
Looking for webinars on Federal contracting? Join the free webinar series starting November 1 for everything you need to know to sell to the government.
More info
Building Financial Confidence in Your Business (SBDC),
Dec 1, 8:30 am
First Steps to Starting a Business (SBDC) 3 sessions Dec
1, 7 pm
How to Maximize Your Reach with Facebook Groups (WWWBC)
Dec 2, 12 pm
Just added! Identify Federal Funding Opportunities for your Business (Center for Technology Commercialization) Dec
7, 12 pm
In Person! Digital and Social Media Conference (SBDC)
Dec 8, 8:30 am, Madison
Virtual and In Person! Marketplace: Governor’s Conference on Diverse Business Development Dec
7-9, Milwaukee
For more upcoming events, check the SBA Wisconsin calendar at
www.sba.gov/wi.
Inclusion does not imply an endorsement of any opinions, products, or services of any private individual or entity.
Follow us on Twitter at @SBA_Wisconsin and
visit us online at www.sba.gov.
The best sources of accurate information on SBA relief programs are www.sba.gov/relief and
www.sba.gov/asistencia
in Spanish. Coronavirus relief information is also available in 17 languages here.
For COVID Economic Injury Disaster Loans, which are available through Dec. 31, 2021, visit www.sba.gov/eidl.
Looking for the login portal for SBA loans, grants, or government contracting?
Find
it here
To contact the SBA Wisconsin office, email wisconsin@sba.gov.
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