On July 11th, the SBA announced the conclusion of the Economic Injury Disaster Loan (EIDL) Advance program, which provided U.S. small businesses, non-profits and agricultural businesses a total of $20 billion in emergency funding.  The EIDL Advance provided $1,000 per employee up to a maximum of $10,000. Recipients did not have to be approved for a loan to receive the Advance. Having allocated the full $20 billion that was appropriated by Congress, SBA will discontinue making EIDL Advances to new applicants. EIDL loan applications will still be processed even though the Advance is no longer available.

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For more information contact the SBA directly at disastercustomerservice@sba.gov or  (800)-659‐2955.