The Small Business Administration (SBA) has approved $200 billion in disaster loans to 3.7 million borrowers since the COVID-19 Economic Injury Disaster Loan (EIDL) program began last year[1]. Unlike the forgivable loans made through the larger and more prominent Paycheck Protection Program (PPP Loans), the disaster loans must be paid back. But they carry a low interest rate and a long repayment term. Currently the disaster loans borrowing limit is capped at $150,000, however on March 24, 2021 the SBA announced that businesses harmed by the coronavirus pandemic can soon borrow up to $500,000. The new borrowing limit will take effect the week of April 6, 2021.