Department of Commerce announces additional Economic Injury Disaster Loans (EIDLs)
July 9, 2020
OLYMPIA—The Washington State Small Business Administration expanded the eligibility criteria for the EIDL program earlier in June. Small businesses may check eligibility and apply for an EIDL on the U.S. Small Business Administration website, located here: https://covid19relief.sba.gov/#/ . Interest rates are 3.75% for small businesses, 2.75% for nonprofits.
EIDLs may be used on common operational expenses that cannot be paid due to effects of the pandemic, this includes debt payments, payroll, accounts payable and other bills.
EIDLs can be used with expenses not already covered by Pa...