The Small Business Administration (SBA) has created a up to $10K Emergency Grant when you apply for an Economic Injury Disaster Loan (EIDL). This up to $10K provides immediate relief for businesses that have been impacted by the devastating effects of the Coronavirus Crises.
Click here to get started.
This Emergency Grant does not need to be repaid and will be available to your business even if your EIDL application is not approved.
The SBA application is simple. It literally will take ten minutes. Click here (INSERT VIDEO) for a quick tutorial on the application
Remember to check the box on the application that says:
"I would like to be considered for an advance of up to $10,000"
It’s something every business, who is hurting right now, should immediately act on. Don’t hesitate.
We’ll continue to post new information for your business to use during these uncertain times.
We created a simple video to help you fill out the application:
Economic Injury Disaster (EIDL) HIGH Level Breakdown
|LOANS UP TO||$2,000,000|
|INTEREST RATES||Fixed 3.75% (for profit); 2.75% (non profits)|
|TERMS FOR UP TO||30 years|
|REQUIREMENTS & ELIGIBILITY||
|HOW TO APPLY||To apply for EIDL, busines owners can apply directly online here: https://covid19relief.sba.gov/#/|