Targeted EIDL Advance
Businesses and nonprofit organizations that received the EIDL Advance in 2020 but did not receive the full $10K advance may be eligible to receive additional grant funds through the Targeted EIDL Advance in 2021. If this applies to your business or nonprofit organization, we encourage you to monitor your email for communication from the Small Business Administration (SBA).
According to the SBA, “Applicants must wait until they receive an email invite from the SBA to apply for the new Targeted EIDL Advance. Businesses and nonprofit organizations that received a previous EIDL Advance in an amount less than $10,000 will have first priority to apply for the Targeted EIDL Advance and will be the first group to receive email invites to the application portal. The second priority group are businesses and nonprofit organizations that applied for EIDL assistance before December 27, 2020 but did not receive an EIDL Advance because available funding was exhausted in mid-July 2020.”
The SBA will be sending email notification to businesses that received the EIDL Advance in 2020 for an amount less than $10,000 to let them know they can apply to receive additional funds through the EIDL Advance. The emails will be sent in February and will be sent to the primary contact email address associated with your original EIDL application. All communications from SBA will be sent from an official government email with an @sba.gov ending.
If you have questions about the Targeted EIDL Advance, you can read through the Frequently Asked Questions guide shared by the SBA.
The SBA is also offering a series of webinars covering the details of all of their loan and grant programs to help businesses, nonprofits, and faith-based organizations recover from the impacts of COVID-19. The webinars will be repeated twice weekly, on Tuesdays and Thursdays, during the month of February. You can view the schedule and register for a session using this Eventbrite link
Last modified: February 7, 2021