The Small Business Administration (SBA) is increasing the maximum loan amounts under its Economic Injury Disaster Loans program (EIDL) effective April 6. In addition, the increase may also include some level of retroactivity. The EIDL, which was capped last year at six months’ worth of economic injury up to $150,000 maximum, will now be extended to 24 months of economic injury and the cap raised to $500,000. New loans as well as those already in process will be automatically considered for the higher caps. This further expansion of the program comes on the heels of an extension of the Paycheck Protection Program as we reported to you last week. In another important development for our subscribers, SBA advised Congress of plans to roll out the details of the agency’s $28.6 billion Restaurant Revitalization Fund (RRF) grant program within the next 30 days. Parameters for the program currently call for grants of up to $10 million based on lost revenue with $5 billion set aside for businesses that posted less than $500,000 in 2019 revenue. Keep watch for more information forthcoming on the RRF program over the next few weeks.