Talk Shop Tools
When the COVID-19 pandemic plunged small businesses across the U.S. into crises, many business owners sought relief from government loan programs. Among them, the Economic Injury Disaster Loan (EIDL)—distributed by the Small Business Administration (SBA)—saw a spike in applications. Over $20 billion in EIDL loans have been dispersed to American businesses.
If you were a recipient of an EIDL loan, you should be tracking how you are spending the loan proceeds. You are responsible for
a) spending the money according to the terms
b) demonstrating that you have done so.
Enter your information to unlock a simple tracker to help you keep a clear and accurate record: