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AHLA Applauds Enhancements To Loan Program For Hoteliers

September 13, 2021

The White House yesterday announced the expanded COVID-19 Economic Injury Disaster Loan (EIDL) program, giving qualified hoteliers access to up to $2 million per loan.

The American Hotel & Lodging Association (AHLA) has been working with Biden Administration and Small Business Administration officials for months to secure EIDL changes that would benefit hoteliers. Changes announced yesterday include:

  • Raising the loan cap to $2 million per loan
  • Raising the aggregate loan cap to $10 million
  • Simplifying the affiliation rules

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