Skip to main content


Q: “Are there certain expenses with respect to which EIDL funds cannot be used?”


June 17, 2020

Read Time

less than 1 minute


Authored by Aria Eckersley


  • Dividends and bonuses 
  • Disbursements to owners, unless for performance of services  
  • Repayment of stockholder/principal loans (with exceptions) 
  • Expansion of facilities or acquisition of fixed assets (e.g., patios, drive-through windows, etc.)
  • Repair or replacement of physical damages 
  • Refinancing long-term debt
  • Paying down or paying off loans from another Federal agency (including SBA) or a Small Business Investment Company
  • Payment of any part of a direct Federal debt, (including SBA loans) except IRS obligations  
  • Relocation expenses

Filed under: Corporate

July 10, 2024

M&A Insights and Outlooks: A Conversation with Katie Balson of Origin Merchant Partners

Read More

July 03, 2024

Elizabeth O’Brien & Michael St. Peter Featured on the Voice of Charity Podcast

Read More