The Small Business Administration recently retooled its Economic Injury Disaster Loan (EIDL) program to offer relief to eligible companies and certain other employers still struggling during the COVID-19 pandemic. The loan cap has increased from $500,000 to $2 million. Funds can be used for almost any operating expense, including payroll, equipment purchases and certain debt payments (now including federal business debt and prepayments of commercial debt). There’s also a new deferred payment period under which borrowers can wait until two years after loan origination to begin repaying their EIDLs. For further details, go to  And don’t hesitate to contact us for help applying.