Timeline EIDL
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Economic Injury Disaster Loans (EIDL) and EIDL Advances
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Latest usage see Additional Program Information bottom of page or hereLast updated on July 29, 2020
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DateActionLinks
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Fri, Mar 6, 2020- Coronavirus Prepardness and Response Supplemental Appropriations Act (CPR), 2020
- SMEs economically injured from COVID-19 eligible for EIDL
CPR Act
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Tue, Mar 17, 2020- EIDLs available statewideSBA press release
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Fri, Mar 27, 2020- CARES Act signed into law
- Introduced EIDL Advances
- SBA released streamlined application
YPFS blog post
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CARES Act
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GAO report timeline (p232)
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Sun, Mar 29, 2020- SBA launches new application portal and revises application to include AdvancesGAO report timeline (p232)
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Wed, Apr 15, 2020- SBA closes application portalSBA press release
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Thu, Apr 16, 2020- Lapse in appropriations announcedGAO report timeline (p232)
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Fri, Apr 24, 2020- PPP and Health Care ActYPFS blog post
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PPPHCE Act
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Mon, May 4, 2020- SBA resumes application acceptance only for ag businessesSBA press release
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Mon, Jun 15, 2020- SBA reopens applications for all SMEsSBA press release
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Thu, Jun 25, 2020- Government Accountability Office releases report, "Opportunities to Improve Federal Response and Recovery Efforts"GAO report
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Sat, Jul 11, 2020- SBA announced the funding for the EIDL advances was out and that no additional advances can be provided (USD 20 billion in total distributed to nearly 6 billion small businesses)SBA press release
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Tue, Jul 28, 2020- SBA Inspector General releases report citing "serious concerns of potential fraud"SBA IG report
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