Economic Injury Disaster Loan Advance
Below you can access information about federal, state, city and private resources in regards to coronavirus (COVID-19).
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.