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Economic & Community Development News

Posted on: May 6, 2020

05/05/20: Economic Injury Disaster Loan Program Reopens for New Applications

Trumbull Economic Development

The Small Business Administration (SBA) Economic Injury Disaster Loan Program portal (EIDL) will reopen today as a result of funding authorized by Congress through the Paycheck Protection Program and Healthcare Enhancement Act. The legislation, signed into law by the President one week ago, provided additional funding for farmers and ranchers and certain other agricultural businesses affected by the Coronavirus (COVID-19) pandemic.

Agricultural businesses include businesses engaged in the legal production of food and fiber, ranching, and raising of livestock, aquaculture, and all other farming and agricultural related industries (as defined by section 18(b) of the Small Business Act (15 U.S.C. 647(b)). Eligible agricultural businesses must have 500 or fewer employees.

Applications can be completed on-line athttps://www.sba.gov/funding-programs/disaster-assistance

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