• This program is for for-profit businesses that did not participate in the Business Recoupment Relief Program and other relief programs that reimbursed for expenses. Health care providers and nonprofits are not eligible for this program. Applicants must have had $20,000,000 or less in revenue in 2019 and 2020.

• Businesses with ownership structures typical of for-profit businesses, including self-employed, franchises, and subsidiaries, so long as they have a principal place of business in New Hampshire, payment can be delivered to a New Hampshire address, and provided expenses are limited to only the New Hampshire operations, may apply. 

• Fixed Costs incurred while completely closed due to COVID-19 (prorated rent, mortgage payments, and utilities);
• Costs incurred as a result of reopening after COVID-19 related closure (such as PPE, workforce safety training, and installation of physical safety measures); and 
• Increased costs of doing business as a result of COVID-19 (such as HVAC improvements, creation or addition of indoor or outdoor space for social distancing purposes, and increased costs due to supply chain disruptions or increased demand).

• The loan size caps may be increased from $500,000 to $2 Million beginning on October 8^th. You can log into the portal now to submit the increase request; however, the applications will not be considered until after October 8.
• Loan funds can be used for any normal operating expenses and working capital, including payroll, purchasing equipment, and paying debt.  Moreover, Expansion of Eligible Use of Funds means that you can use COVID EIDL funds to prepay commercial debt and make payments on federal business debt.
• Implementation of a Deferred Payment Period; SBA will ensure small business owners will not have to begin COVID EIDL repayment until two years after loan origination so that they can get through the pandemic without having to worry about making ends meet.
• Establishment of a 30-Day Exclusivity Window; to ensure main street businesses have additional time to access these funds, the SBA will implement a 30-day exclusivity window of approving and disbursing funds for loans of $500,000 or less.
• Businesses that already applied and those that did not yet apply for EIDL both qualify. This is additional loan money for those that have already applied and received an EIDL loan. 
• To learn about eligibility and application requirements and how to apply, visit SBA. The last day that applications may be received is December 31, 2021. All eligible applicants should file their applications as soon as possible.