SBA rations disaster relief loans to $15,000 per applicant, US Chamber says

Economic Injury Disaster Loans (EIDL) will be rationed to $15,000 per applicant, according to the U.S. Chamber of Commerce.

In an open letter to Congress, Chamber President Suzanne Clark wrote that on Sunday, April 12, the U.S. Small Business Administration informed small businesses that loans will be rationed.

“Such limited economic relief will be insufficient for a great many Main Street employers,” the Chamber said.

Another major pillar of the federal government’s response is the Paycheck…