Small businesses that took on EIDL loans are struggling more than those that didn't tap the Covid-19 relief program.

A Small Business Credit Survey report from the 12 Federal Reserve banks shows that small businesses that haven't paid off COVID-19 Economic Injury Disaster Loans are in worse shape than other ...

The SBA secured collateral from millions of businesses for loans through its EIDL program. The agency has limited options to collect.

In 2020, the Perrins took out a $24,000 COVID-19 "economic injury disaster loan,” commonly called “EIDL,” from the U.S. Small Business Administration (SBA) to help keep their business afloat.

Detroit man indicted for defrauding Small Business Administration of over $3M in COVID relief loans The indictment alleges that company had few, if any, employees and minimal payroll expenses ...