>>8820085
>EIDL stands for Economic Injury and Disaster Loan. SBA supported this program from January thru April 3. It was PHASED out
If this is true, why did the SBA give a $126M contract to a company on 3/31/20 for "Loan processing assistance in response to COVID-19"?
https://www.fpds.gov/common/jsp/easySearchDocumentController.jsp?agencyID=7300&PIID=73351020F0076&modNumber=0&transactionNumber=0&idvAgencyID=7300&idvPIID=SBAHQ17A0016&actionSource=searchScreen&actionCode=&documentVersion=1.5&contractType=AWARD&docType=A
Also, the website you posted doesn't mention anything about it being phased out, rather a lapse in appropriations. As does the PPP as POTUS mentioned today in the press conference.
>https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loan-emergency-advance
Notice: Lapse in Appropriations
SBA 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.
Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.
Overview
In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available following a successful application. This loan advance will not have to be repaid.