SIOUX FALLS, SD (KELO) – KELOLAND News reviewed Small Business Administration (SBA) databases of coronavirus-related disaster loans and payments available on the ASB website. KELOLAND News has compiled the following spreadsheets for South Dakota.
These worksheets are for Economic Disaster Lending (EIDL). Spreadsheets do not include EIDL Advance funds. EIDL Advance funds were originally calculated based on the number of employees listed on a candidate’s COVID-19 EIDL application: $ 1,000 / employee, up to a maximum of $ 10,000, depending on the ASB website.
EIDL cash advances are not to be repaid, according to the SBA. Additionally, recipients of the EIDL advance do not need to be approved for an EIDL loan. EIDL Advance money is no longer available.
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SBA says if your identity was used to fraudulently obtain a COVID-19 economic disaster loan, you must download the SBA COVID-19 Identity Theft Letter EIDL and resend the documents to [email protected] The SBA says it will then conduct a review of the reported identity theft and take action to release the loan on behalf of the victim so that they are not liable for the debt.