SIOUX FALLS, S.D. (KELO) — KELOLAND News reviewed Small Business Administration (SBA) databases on disaster loans and payments related to the coronavirus available on the SBA website. KELOLAND News compiled the following spreadsheets for South Dakota.
These spreadsheets are for Economic Injury Disaster Loans (EIDL). The spreadsheets do not include EIDL Advance funds. The EIDL Advance funds were originally calculated based on the number of employees indicated on an applicant’s COVID-19 EIDL application: $1,000/employee, up to a maximum of $10,000, according to the SBA website.
EIDL advance funds do not have to be repaid, according to the SBA. Also, recipients of EIDL Advance money do not have to be approved for an EIDL loan. EIDL Advance money is no longer available.
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The SBA says if your identity was used to fraudulently obtain a COVID-19 Economic Injury Disaster Loan, you should download the SBA’s COVID-19 EIDL Identity Theft Letter and return the documents to IDTheftRecords@sba.gov. The SBA says it will then conduct a review of the reported identity theft and take steps to release the loan the victim’s name so they are not liable for the debt.
