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Economic Injury Disaster Loan (EIDL) Emergency Advance

posted May 1, 2020, 10:58 AM by Zaher Fallahi

Small businesses are eligible to apply for an Economic Injury Disaster Loan grant of up to $10,000. Funds should be made available within three days of a successful application, and this grant will not have to be repaid. Economic Injury Disaster Loan (EIDL) Emergency Advance


Comment: Generally, all businesses including independent contractors, have been impacted by the disaster and qualify for up to $10,000 grant; $1,000 per employee. Therefore, you are encouraged to file this as soon as possible. You need to have your online bank account information when you file. You need to have the exact name of your entity, federal tax ID, and prior year gross receipt and total expenses.