I received email from SBA regarding EIDL loan two days ago. I finally read it and wondered if it is real?? or scam?? I researched some for you. It is related to EIDL advance payment. Somehow, SBA offers additional loan to those who suffer economically due to COVID19. You may still have to apply it, so it is not automatic.
As far as I researched, you can not use this loan for other purpose other than ordinary course of business which hurt due to COVID 19. So you can not use payoff loan, buy new car, or some personal purpose. If you still need some more fund to operate your business, it is good opportunity to do so because it is lower fixed interest (3.75%) and
longer term (30 years). Plus no personally liable to this loan. So check it out by yourself if you are interested!
Create your SBA Economic Injury Disaster Loan Portal Account
Your SBA Application No. XXXXXX is ready for the next step. Create your SBA Economic Injury Disaster Loan Portal account to provide additional details or requested documents.
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Questions? We're here to help. Call us at 1-800-659-2955 | TTY/TTD: 1-800-877-8339. Office of Disaster Assistance
U.S. Small Business Administration d isastercustomerservice@sba.gov