Passed by the U.S. House late Thursday, and signed into law by President Trump today, the latest federal relief bill includes additional funding for the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) funds administered by the Small Business Administration (SBA).   

Find more information on the latest measure and a quick guidance on the PPP and EIDL from the National Association of REALTORS® (NAR). 

“These loan programs are in high demand so Illinois REALTORS® who believe they could benefit, are urged to consult with their local participating lender quickly while funding is available,” said Ed Neaves, president of Illinois REALTORS® and designated managing broker of Berkshire Hathaway HomeServices Snyder Real Estate in Bloomington.  

Additional resources: 

• In a new video from NAR, REALTORS® share tips on how to successfully navigate the PPP and EIDL loan application process. 
• Illinois REALTORS® video, “Financial Relief Programs: Explained,” offers in-depth information on the available financial programs. 
• Continue to visit the Illinois REALTORS® COVID-19 resource page for updated information and news.