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U.S. Small Business Administration News

Web Site: http://www.sbaonline.sba.gov
409 Third Street, SW, Washington, DC 20416
Tel: (860) 240-4654 Fax: (860) 240-4659

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Targeted EIDL Advance Notification

February 10, 2021

The Targeted EIDL Advance provides businesses located in low-income communities with additional funds to ensure small business continuity, adaptation, and resiliency.

Applicants located in low-income communities who previously received an EIDL Advance for less than $10,000, or those who applied but received no funds due to lack of available program funding, may be eligible for additional up to the $10,000 program limit. Businesses must also demonstrate a reduction in revenue greater than 30%, and must meet the same eligibility requirements applicable to COVID-EIDLs.

Applicants do not need to take any action at this time.

SBA will reach out to those who qualify.

SBA will first reach out to EIDL applicants that already received a partial EIDL Advance (between $1,000 - $9,000). Applicants will be contacted directly by SBA via email in the coming weeks with instructions to determine eligibility and submit documentation. For additional details and targeted EIDL Frequently Asked Questions click here

Member News is provided as a service of the Midstate Chamber of Commerce and is also featured in the monthly "Chamber News" newsletter mailed to members.