Hello my name is Sam living in Portland or building new gas station with sba 7a construction loan : Am I eligible for EIDL.
May 20, 2020
An applicant cannot obtain both a 7(a) SBA loan and EIDL for the same purpose.
Under the CARES act, the SBA will pay 6 months of principal, interest, and any associated fees that borrowers owe for current 7(a) loans. Borrowers do not need to apply for this assistance. It will be automatically provided.