(406) 234-2705 info@mcaedc.org

The most current information from the SBA.

  1. Economic Injury Disaster Loan (EIDL) and Advance

Lapse in Appropriations NoticeSBA is unable to accept new applications at this time for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding.

  • Due to limited appropriations funding, the application portal for the EIDL–COVID-19 assistance program (EIDL loans and EIDL Advances) is temporarily closed.
  • Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.
  • SBA is processing EIDL applications as quickly as possible. SBA will provide those whose applications are approved with loans that will cover the business’s short-term working capital needs.
  1. Paycheck Protection Program (PPP) – PPP reached it’s ceiling this morning and SBA is unable to accept new applications at this time.