eild|What is the Economic Injury Disaster Loan Grant and What Does it ...,teenclub cc

Read about the COVID-19 EIDL program, which provided loans and advances to help businesses recover from the economic impacts of the pandemic. As of January 1, 2022, SBA stopped accepting applications for new COVID-19 EIDL loans or advances.

Part of the Economic Injury Disaster Loan (EIDL) is what many are calling a grant up to $10,000 for those who submit an application for disaster assistance. It works more like an advance that does not require repayment—whether or not your loan application is approved.

Learn how to monitor the status of your COVID-19 EIDL, make payments, and request servicing actions. Notice: The COVID-19 EIDL program is NOT accepting new applications, increase requests, or reconsiderations. SBA continues to offer other funding options for small businesses, including traditional SBA loans.

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