Source: CNBC, 5/7/20


The Small Business Administration is applying new restrictions to the Economic Injury Disaster Loan program, putting an emergency source of funding further out of reach for entrepreneurs. Starting on May 4, the SBA said it would only accept applications from agricultural businesses that were interested in the so-called EIDL. “Typically, agri-businesses were not eligible to apply for the EIDL,” said SBA spokeswoman Carol Chastang. “The SBA observed the necessity to help farmers recover from the economic downturn caused by the pandemic.”

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