SBA Updates on Improved EIDL Programs for Hotels

View the Small Business Administration (SBA)'s FAQ page

This webinar features an SBA representative from the Office of Captial Access who will cover critical EIDL program updates including how struggling hotels can qualify for and apply for the expanded program.  
 
Among many changes, we understand the program will include the following revisions: 

•    Raising the caps to $2 million per loan 
•    Raising the caps to $10 million per aggregate corporate group
•    24 months payment deferment 
•    Simplified affiliation rules
•    3.75% interest rate over a 30-year fixed amortization period 
•    Funds may be applied to payment or prepayment of commercial debt