Last week, the American Hotel and Lodging Association hosted a webinar with the U.S. Small Business Administration discussing an expanded and improved Economic Injury Disaster Loan (EIDL) program that would better serve hoteliers.
Since then, the SBA has informed us that the expanded program has been delayed.
While this is unfortunate and unexpected news, we remain optimistic that this critical loan program will be available soon.
AHLA is urging Biden Administration officials to move forward with these new EIDL changes as quickly as possible. We will be in touch with updated information as soon as it is available.