SBA Now Taking PPP Loan Applications; New EIDL Applications are on Hold
The new $484 billion aid package approved by Congress includes $60 billion to renew funding for the Economic Injury Disaster Loans (EIDL) program and adds $320 billion to the Paycheck Protection Program (PPP). Those who were caught in the middle of the loan application process when funding ran dry need to know the following:
The Small Business Administration (SBA) resumed accepting PPP loan applications as of 10:30 a.m. EDT on Monday, April 27.
The SBA is currently not accepting new EIDL applications. However, if you were in the process of applying for a EIDL loan and have an application number that begins with the No. 3, your application remains in the queue and you do not need to reapply for a loan.
More information on the PPP and EIDL loan programs can be found here.
NAHB will be fighting for additional funding for the PPP and EIDL loan programs in the next congressional stimulus package.
For more information, contact Alex Strong at 1-800-368-5242 x8279 or Heather Voorman at x8425.
Latest from NAHBNow
Student Chapters | Workforce Development
Dec 18, 2025
NAHB Welcomes 24 New Student Chapters to Help Build the FutureNAHB is proud to welcome 24 new student chapters in 2025. These chapters were created to enhance students' educational experiences, increase their exposure to the home building industry and connect them with their local HBAs.
Advocacy
Dec 17, 2025
House Panel Approves Major Housing PackageIn a move that provides momentum for Congress to enact major housing legislation in early 2026, the House Financial Services Committee this week approved the Housing for the 21st Century Act. This bipartisan housing package takes much-needed steps toward addressing our nation’s critical lack of housing.
Latest Economic News
Economics
Dec 16, 2025
Job Market Shows Signs of Cooling in NovemberIn November, job growth slowed, and the unemployment rate rose to 4.6%, its highest level in four years. At the same time, job gains for the previous two months (August and September) were revised downward. The November’s jobs report indicates a cooling labor market as the economy heads into the final month of the year.
Economics
Dec 15, 2025
Builder Sentiment Inches Higher but Ends the Year in Negative TerritoryBuilder confidence inched higher to end the year but still remains well into negative territory as builders continue to grapple with rising construction costs, tariff and economic uncertainty, and many potential buyers remaining on the sidelines due to affordability concerns.
Economics
Dec 11, 2025
Homeownership Rate Inches Up to 65.3%The latest homeownership rate rose to 65.3% in the third quarter of 2025, according to the Census’s Housing Vacancy Survey (HVS).