The Streamlining EIDL Act is a bipartisan bill introduced in the U.S. Senate to improve the application process of the Economic Injury Disaster Loan (EIDL) as well as combat fraud in the program. The goal is to simplify the process so small businesses can quickly and effectively get answers to their applications.
New Legislation Would Streamline EIDL Small Business Loan Application Process
The need to come up with such a bill speaks to the level of bureaucracy that exists when small business owners fill out their EDIL applications. According to Senator Jim Risch (R-Idaho), small businesses in his state are struggling to get the answers they need on their EIDL applications from the SBA.
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