Fron Texas Association of Business

The Small Business Administration announced on Saturday that the Economic Injury Disaster Loan Advance program, which offered grants up to $10,000, has ended after reaching the $20 billion funding limit allowed by Congress. This grant program was intended to provide quick, emergency relief to small businesses by disbursing funds within 3 days of filing an application.

Although the EIDL program has ended, Business owners in need of financial assistance are still able to apply for loans via the Paycheck Protection Program (PPP). The deadline was recently extended through August 8. To learn more or apply for the PPP, click here.