S1E49 - The SBA increased the maximum EIDL loan amount to what!?

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The Jonathan Mills Patrick Show

Jonathan Mills Patrick

51 episodes

2 days ago

I have questions... On the show, I share my experiences around finance and startups, plus interview interesting people. I'm a Director of Product Management in fintech and a startup advisor/analyst/investor. In the past, I was a C-level banking executive & 3x startup founder who has been involved in over $800M in funding. You can learn more about me at JonathanMillsPatrick.com.

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Entrepreneurship

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I have questions... On the show, I share my experiences around finance and startups, plus interview interesting people. I'm a Director of Product Management in fintech and a startup advisor/analyst/investor. In the past, I was a C-level banking executive & 3x startup founder who has been involved in over $800M in funding. You can learn more about me at JonathanMillsPatrick.com.

Show more...

Entrepreneurship

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S1E49 - The SBA increased the maximum EIDL loan amount to what!?

The Jonathan Mills Patrick Show

13 minutes 27 seconds

3 years ago

S1E49 - The SBA increased the maximum EIDL loan amount to what!?

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

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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.

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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.