Update to EIDL - What CPAs Need to Know NOW - Virtual
Tuesday, October 19, 2021
SBA is presenting this virtual program designed specifically for CPAs to review important and impactful changes to the EIDL program, including
- Application approval deadline is December 31, 2021 so and approvals can take up to 6 weeks
- Increased cap from $500k to $2M
- Use funds to pay (and prepay) commercial debt and federal debt
- 24 months deferment of loan origination
- Simplified affiliation rules
So much more!
To update CPAs on changes to the EIDL program.
- EIDL cap increase
- Change in deferment period
- Changes to affiliation rules
- Introduces maximum cap on corporate groups