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";s:4:"text";s:2429:"• There is no cost to apply • There is no obligation to take the loan, if offered • The maximum unsecured loan amount is $25,000 • Automatically deferred for 12 months Applicants can have an existing SBA Disaster Loan and still qualify for an EIDL for this disaster, but the loans cannot be consolidated. Targeted EIDL advances (grants) are an extension of the emergency EIDL grants in the CARES Act, but the requirements are somewhat different. How to Apply for and Receive an EIDL Grant. EIDL Advance funds were originally calculated based on the number of employees on an applicant's COVID-19 EIDL application: $1,000/employee, up to a maximum of $10,000. I filled out the targeted grant application on 02/11/21 (app # 3302...), looking to get the balance of $9K (Received 1K of 10K grant in May 2020). Recipients did not have to be approved for an EIDL to receive the EIDL … EIDL Advance does not have to be repaid. Step by step instruction on how to apply for the new SBA Targeted EIDL Advance / Grant of $10,000. I've heard of some people receiving deposits already from the Targeted Grant... if anyone has started receiving the remaining balance of 10K for the Targeted Grant please let us know. Economic Injury Disaster Loans Small businesses, small agricultural cooperatives and most private nonprofit organizations located in a declared disaster area and which have suffered substantial economic injury may be eligible for an SBA Economic Injury Disaster Loan (EIDL). DISCLAIMER This video is intended for educational purposes and should not be taken as legal or tax advice. Sign in to Your Account Access your SBA Economic Injury Disaster Loan Portal Account to review your application and track your loan status. Important: Only businesses that previously applied for an emergency EIDL advance (grant) and meet the new criteria will be eligible for the Targeted EIDL advance (grant). You should consult with your financial professionals about your … For the COVID-19 version of the EIDL, the application process has been streamlined; the SBA says it should take you two hours and 10 minutes or less to complete the application. Since any company that’s eligible to receive an EIDL loan is eligible for a grant, the process of getting the up to $10,000 advance for your business was relatively straightforward. You simply went to the SBA’s disaster loan assistance page and filled out an application. ";s:7:"keyword";s:22:"eidl grant application";s:5:"links";s:640:"Football Summer Camps 2021,
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