8,000 small businesses notified that they may have had information exposed on SBA's portal

Source: The Hill | April 21, 2020 | Marty Johnson

Nearly 8,000 small businesses that applied for the Small Business Administration’s (SBA) Economic Injury Disaster Loan (EIDL) program had their information exposed to other applicants on the agency’s loan application site.

“Personal identifiable information of a limited number of Economic Injury Disaster Loan applicants was potentially exposed to other applicant’s on SBA’s loan application site,” a senior administration official told CNBC. “We immediately disabled the impacted portion of the website, addressed the issue and relaunched the application portal.”

The EIDL program is different from the Paycheck Protection Program (PPP). The PPP requires small businesses to work with banks and credit unions to access the money, but the EIDL program is a direct loan that businesses apply for from the SBA. The loan can be up to $10,000 and doesn’t have to be paid back.

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