Thinking about an SBA Covid-19 disaster loan? No need to hurry

Small businesses that have not yet applied for a Covid-19 Economic Injury Disaster Loan from the Small Business Administration now have plenty of time to get it done. The new deadline for the next round of EIDL funding will be Dec. 31, 2021, a result of the coronavirus relief bill passed by Congress and signed by President Donald Trump on Sunday. The SBA has approved $197 billion in EIDL loans during 2020. The low-interest loans are intended to provide working capital to nonprofits, small businesses…