Tillis Calls for Disaster Loan Improvements for North Carolina Small Businesses
U.S. Senator Thom Tillis (R-NC) sent a letter to U.S. Small Business Administration (SBA) Administrator Jovita Carranza urging her to make several improvements to the Economic Injury Disaster Loan (EIDL) program. Specifically, Senator Tillis and his colleagues requested that the administrator expedite the $10,000 advances to be received within three days, remove the per-employee cap on advance grants, and restore the maximum loan amount to $2 million.