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SBA - EIDL Program Limit Increases $500,000 for Businesses

Andres Fernandez

April 7, 2021 - Digital Marketing Manager -

5 min read

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The Small Business Administration (SBA) announced giant strides to policy change to help businesses keep their doors open from the COVID-19 pandemic. The SBA significantly increases the loan limit for the Economic Injury Disaster Loan (EIDL) up to 24 months of economic injury with a maximum loan amount of $500,000.

The EIDL provided by the SBA was originally limited to six months of economic injury up to a maximum of $150,000.

The increase of loan limits for the EIDL was announced by the SBA that the program is now available and in effect. For loan amounts over $25,000, the SBA will resume to take security interest in business assets evidenced by a general security agreement and UCC filing. It is also required from the SBA an unsecured personal guarantee for loan amounts over $200,000 from any individual with 20% or more ownership. 

NOTE: Real estate collateral will not be required for any loans of $500,000 or less.

In addition, the SBA announced last month that they are extending the first payment for all loans until 2022. As for the EIDL Loans that were distributed in 2020, the first payment was also extended for 24 months from the date the loan was issued. For loans issued this year, 2021, the first payment due date is extended until 18 months from the date of the note.

NOTE: Loan interest continues to accrue during the deferment period, and a loan increase will not further extend the first payment due date.

Increase Your EIDL Loan Amount by having your:

  • SBA Disaster Application No.
  • SBA Disaster Loan No.
  • Business Name
  • Business Address
  • Business Owner Name(s)
  • Phone Number

Take this information in an email and send it to:

NOTE: Do not include any financial documents or tax records with your initial request. SBA will send a follow up email notification if it needs additional documents.

Now that you are aware of what you need to send out to request an increase for the EIDL loan, it is important to know the high volume of incoming requests coming into the Small Business Administration (SBA). 


SBA reported that it may take several weeks before a response is received from the agency for the following steps to follow.  Those who request a loan increase should not resend it multiple times, sending extra emails will diminish your chances and slow down the overall process and response time. 

If you have any questions regarding the COVID-19 EIDL program, or SBA’s other COVID relief  program, please visit SBA’s website at for the most current updates.

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