Applicants for the COVID-19 Economic Injury Disaster Loan (EIDL) may have been eligible to receive up to $15,000 in funding from SBA that did not need to be repaid. These "advances" are similar to a grant, but without the typical requirements that come with a U.S. government grant.

Find out which SBA-guaranteed loan program is best for your business, then use Lender Match to be matched to lenders. The U.S. Small Business Administration (SBA) helps small businesses get funding by setting guidelines for loans and reducing lender risk. These SBA-backed loans make it easier for small businesses to get the funding they need.

2021年4月26日 · WASHINGTON – The U.S. Small Business Administration launched a new round of Economic Injury Disaster Loan (EIDL) assistance – called Supplemental Targeted Advances – on April 22, 2021 that will provide $5 billion in additional assistance to 1 million small businesses and nonprofit organizations that have been most severely affected by the ...

2022年10月10日 · Guidance from the Small Business Administration (SBA) describes how to get part or all of your PPP loan forgiven as well as what you need to do to take advantage of the new EIDL and shuttered venue...

With each leasehold draw request please be prepared to provide the invoice, partial lien waiver, third party site visit, and SBA Form 601. Prior to final funding, WSFS requires executed final lien waiver and Certificate of Occupancy.

2022年8月16日 · The 2020 EIDL Advance allowed small businesses facing economic hardships due to COVID-19 to request an advance of up to $10,000 as part of the EIDL loan application process. This funding was a grant that was not required to be repaid and was available to small businesses that met the SBA’s requirements.

2023年4月18日 · SBA EIDLs are direct loans and provide up to $2 million for working capital including fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s economic impact. In contrast to EIDL, which must be repaid in full, advances were paid to EIDL applicants by SBA. The advance payments did not require repayment.

Previously, as part of the SBA's Economic Injury Disaster Loan (EIDL) program, small businesses could apply for an EIDL grant of up to $10,000 as an advance on their EIDL loans. These advances were treated as tax-free grants and did not need to be paid back.

2024年7月22日 · Learning how to apply for an SBA loan can help you get through the process more easily. Different types of SBA loans include the 7 (a) loan (the most common), the 504 loan, and a microloan....

2024年1月10日 · Many small businesses impacted by the coronavirus pandemic were able to apply for a Targeted EIDL Advance (grant) of up to $10,000, as well as a Supplemental Targeted Advance of $5000. EIDL grants do not have to be repaid.