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SBA: EIDL Deferment Period is Extended

Mar 25, 2022
The Small Business Administration is extending deferments for COVID-19 Economic Injury Disaster Loans to 30 months from the date of approval.

The Small Business Administration is extending deferments for COVID-19 Economic Injury Disaster Loans to 30 months from the date of approval -- a move that could benefit millions of small businesses, according to Inc. "Washington cannot mistake our signs of recovery for proof that small businesses have recovered from the pandemic," said Sen. Ben Cardin, D-Md., who chairs the Senate's Small Business and Entrepreneurship Committee.

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