The Small Business Administration (SBA) has recently been contacting doctors and other small business owners, inviting them to apply for increased loan amounts through the Economic Injury Disaster Loan (EIDL) Program. This COVID-19 loan program was first established under the CARES Act in March 2020 and received additional Congressional funding under the Paycheck Protection Program in April 2020, and then the American Rescue Plan Act in March 2021.
Loan amounts were originally capped at $150,000, and later increased to $500,000, before being increased to its current $2,000,000 maximum. This...
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