(727) 252-9980 karen@envoytaxadvisors.co
Select Page
Closure of EIDL Application Portal

Due to limited appropriations funding, the application portal for the EIDL–COVID-19 assistance program (EIDL loans and EIDL Advances) is temporarily closed. By law, the SBA is not able to issue new loan approvals once the programs experience a lapse in appropriations.

Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis. SBA is processing EIDL applications as quickly as possible. SBA will provide those whose applications are approved with loans that will cover the business’s short-term working capital needs.

SBA and Treasury urge Congress to appropriate additional funds for the Paycheck Protection Program—a critical and overwhelmingly bipartisan program—at which point we will once again be able to process loan applications, issue loan numbers, and protect millions more paychecks. The high demand we have seen underscores the need for hardworking Americans to have access to relief as soon as possible. We want every eligible small business to participate and get the resources they need.

Information on lenders can always be found at www.sba.gov/paycheckprotection or www.treasury.gov/cares

Lender Assistance Hotline: (833) 572-0502