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The Biden administration has lifted the cap on Economic Injury Disaster Loans from $150,000 to $500,
Link to tweet
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What Biden Has Done
@What46HasDone
The Biden administration has lifted the cap on Economic Injury Disaster Loans from $150,000 to $500,000. These low interest loans provide working capital to businesses affected by disasters, including COVID (The ARP provided additional funding).
Senator Jacky Rosen
@SenJackyRosen
NEW: @SBAGov is lifting the cap on EIDL loans to $500,000!
This is a crucial step I've been pushing hard for over the past year.
Thank you, @SBAIsabel, for heeding our call and helping support our small businesses!
