Opportunity for a $10,000 Economic Injury Disaster Loan Grant

Opportunity for a $10,000 Economic Injury Disaster Loan Grant

The SBA has announced an opportunity to get a $10,000 EIDL Grant. This new round of EIDL Grants is called the “Targeted EIDL Advance”. The eligibility for this next round of loans is based on:

  • Didn’t already get the $10,000 EIDL advance last year.
  • Located in a Section 45D(e) location, which is the same as the Opportunity Zone definitions. Click HERE for an interactive map to see if you’re in the Zone.
  • Need to have a 30% reduction in revenue during some 8-week window starting after March 2, 2020, compared to 2019.
  • Have less than 300 employees.

If a company qualifies, the SBA will be sending an invitation to apply – based on your geographic location. See our Resources page HERE for an example of the letter.  If you receive this invitation and qualify – then you could obtain this $10,000 advance. If you believe you qualify, but didn’t receive an invitation, you can contact the SBA’s Customer Service Center at 800-659-2955 or emailing TargetedAdvance@sba.gov. If you have any questions or want to discuss your specific situation, contact our Team!

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