SBA Illinois Derecho EIDL Availability

Published on: Nov 29, 2024

On Nov. 25, SBA reported availability of EIDLs due to Jul. Derecho.

  • SBA reported that Economic Injury Disaster Loans (EIDLs) are available to help Illinois businesses to recover from the Derecho that occurred from Jul. 15 to Jul. 18, 2024.
  • Applies to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private nonprofit organizations that suffered economic losses.
  • Due Dates
  • Completed loan applications must be submitted to the SBA no later than Jul. 21, 2025.
Regulators
SBA
Entity Types
CNSM; Corp
Reference
PR 25-154, 11/25/2024;
Functions
BCS; Compliance; Operations; Reporting
Countries
United States of America
Category
State
N/A
Products
Corporate; Loan
Rule Type
Final
Regions
Am
Rule Date
Nov 25, 2024
Effective Date
Jul 21, 2025
Rule ID
234992
Linked to
N/A
Reg. Last Update
Nov 25, 2024
Report Section
US Investment