eidl
AHLA Applauds Enhancements to Loan Program for Hoteliers
AHLA | September 10, 2021
WASHINGTON – September 10, 2021 – The White House yesterday announced the expanded COVID-19 Economic Injury Disaster Loan (EIDL) program, giving qualified hoteliers access to up to $2 million per loan. The American Hotel & Lodging Association (AHLA) has been working with Biden Administration and Small Business Administration officials for months to secure EIDL changes that would benefit hoteliers. Changes announced yesterday include: Raising the loan cap to $2 million per loan Raising the aggregate loan cap to $10 million Simplifying the affiliation rules Allowing 24 months of deferred payment Allowing use of fun...
U.S. Travel Reacts to SBA Decision on EIDL Eligibility
U.S. Travel Association | May 5, 2020
WASHINGTON (May 5, 2020)—U.S. Travel Association Executive Vice President for Public Affairs and Policy Tori Emerson Barnes issued the following statement on the Small Business Administration's decision to reopen the Economic Injury Disaster Relief application portal only to agriculture-related businesses: "Excluding major segments of the economy from emergency relief funding not only hurts small businesses and workers, but jeopardizes the strength of the broader economic recovery." "Non-profit entities—such as destination marketing organizations and arts and culture groups—are essential for driving consumer demand to their region...
