EIDL Application Deadline Extended

EIDL Application Deadline Extended

Published on January 05, 2021. Article written by Adam Boatsman. Last updated: July 02, 2024

The U.S. Small Business Administration (SBA) has announced that the deadline to apply for the Economic Injury Disaster Loan (EIDL) program has been extended one year -- to Dec. 31, 2021 – pending the availability of funds.

EIDLs are offered at a 3.75% interest rate for small businesses and 2.75% interest rate for nonprofit organizations, a 30-year maturity, and an automatic deferment of one year before monthly payments begin. As we informed you before the holiday break, interest does accrue during the one-year deferment period.

If you’re a small businesses or nonprofit organization struggling as a result of the pandemic and are interested in an EIDL, we encourage you to apply before resources are exhausted.

We’re here to help.


About the author:

Adam Boatsman is the Owner / Visionary at BGW Advisors.

CPA License: NC #34370

Learn more about Adam and the rest of our team on the Team page.

footer-bg
FINAL WORD

tired of typical?

Our passion lies in partnering with growth-oriented, private, closely held businesses that are frustrated by being stagnant and are ready for lasting change in their businesses and their lives.

LET’S SEE IF WE’RE A FIT
STAY CONNECTED

We have a pretty great podcast & insights that dig into issues you really care about.
Copyright 2026 BGW. All Rights Reserved. Privacy.
BGW is the brand name under which BGW Advisors, LLC provide professional services. BGW Advisors, LLC practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations and professional standards. BGW Advisors, LLC and its subsidiary entities, which are not licensed CPA firms, provide tax, advisory, and other non-attest services to its clients. The entities falling under the BGW brand are independently owned and are not liable for the services provided by any other entity providing the services under the BGW brand. Our use of the terms "our firm" and "we" and "us" and terms of similar import, denote the alternative practice structure conducted by BGW Advisors, LLC.