The SBA has recently announced they will be increasing the maximum loan amount for COVID-19 related EIDL loans from $150,000 to $500,000. The deferment period has also been extended so that the first payment will not be due until 2022.
Find more information at:
https://www.hassanriver.com/2021/04/video-sba-announces-new-guidance-on-eidl-funding/
