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Update on COVID EIDL deadlines

  • The deadline for submitting COVID EIDL loan applications is 11:59 PM ET on December 31, 2021. No new loan applications will be accepted after the December 31 deadline.
  • SBA will continue to review loan applications after December 31. Applicants are encouraged to submit their COVID EIDL loan applications as soon as possible.
  • COVID EIDL borrowers can request increases up to their maximum eligible loan amount for up to two years after their loan origination date, or until the funds are exhausted, whichever is soonest.
  • SBA will accept and review reconsideration and appeal requests for COVID EIDL applications if the reconsideration/appeal is received within the timeframes in the regulation—6 months from date of decline for reconsiderations and 30 days from date of reconsideration decline for appeals – unless funding is no longer available.
  • The deadline for submitting Targeted EIDL Advance and Supplemental Targeted Advance applications is 11:59 PM ET on December 31, 2021.
  • Targeted EIDL Advance applications can continue to be processed after December 31, but the deadline for approving Supplemental Targeted Advance applications is December 31. No Supplemental Targeted Advance applications can be processed or approved after December 31.

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