The SBA Economic Injury Disaster Loan (EIDL) program, Amidst the COVID-19 pandemic, which has posed significant financial hurdles for countless small businesses, government assistance has emerged as a crucial lifeline. However, despite its importance, some businesses find themselves grappling with loan repayments due to persistent financial strains caused by the ongoing crisis. To alleviate this burden, the Small Business Administration (SBA) has rolled out a hardship relief plan, offering further aid to struggling businesses. As a premier consulting firm adept in guiding businesses through government programs and grants, we stand ready to support enterprises in navigating the SBA Economic Injury Disaster Loan (EIDL) hardship accommodation plan.

Eligibility​

All loans undergoing repayment, including those with past-due balances, qualify for eligibility. Additionally, if your loan is in default, meaning it is more than 120 days overdue on a payment, you remain eligible, provided it has not yet been forwarded to the Treasury for additional collection measures. Typically, this transition occurs after you have fallen 180 days behind on a payment. However, once the Treasury initiates supplementary collection actions, your loan ceases to be eligible, necessitating cooperation with the Treasury for subsequent steps. If your loan has already been transferred to the Treasury, you will need to direct payments to them accordingly.