Hi, folks. The SBA has just announced an increase to the maximum EIDL loan amount. In fact, they quadrupled the maximum amount!

But, there are some requirements you may have to meet depending on the loan amount you ask for.

Timestamps

2:10 The increase amount for the program

2:45 A reminder about the program

3:37 UCC filing requirements

4:37 Real estate requirements

5:21 Personal guarantee requirements

6:36 How the grant component works

7:40 Links to the application process and a checklist

Links mentioned in the episode

Low-income verification map - https://sbaeidl.policymap.com/newmaps#/

Application process and checklist - https://www.sba.gov/funding-programs/loans/covid-19-relief-options/eidl/covid-19-eidl#section-header-5

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