Hi, folks. The SBA has just announced an increase to the maximum EIDL loan amount. In fact, they quadrupled the maximum amount!

But, there are some requirements you may have to meet depending on the loan amount you ask for.

Timestamps

2:10 The increase amount for the program

2:45 A reminder about the program

3:37 UCC filing requirements

4:37 Real estate requirements

5:21 Personal guarantee requirements

6:36 How the grant component works

7:40 Links to the application process and a checklist

Links mentioned in the episode

Low-income verification map - https://sbaeidl.policymap.com/newmaps#/

Application process and checklist - https://www.sba.gov/funding-programs/loans/covid-19-relief-options/eidl/covid-19-eidl#section-header-5

____________________________________________

Interested in making $$$ helping companies find capital to grow through loans? My latest course, Commercial Loan Broker in a Box, teaches you how to start you own side hustle or full-time career brokering business loans.

____________________________________________

If you are looking for more information about entrepreneurship and startups check me out at JonathanMillsPatrick.com. You can download free startup resource guides at this link.

S2E1 - Sidharth Jain of GraffersID.com; How Customers Can Be the Best Investors and the Power of Validation

The Jonathan Mills Patrick ShowBy Jonathan Mills PatrickJan 27, 2022