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If you have not applied for an SBA Economic Injury Disaster Loan previously, now is the time to apply to help support your business operations and access a Targeted EIDL Advance up to $10,000 and a Supplemental EIDL Advance up to $5,000.
Qualifications for Targeted EIDL Advance
– Your business is located in a low-income community.
– You can demonstrate more than a 30% reduction in revenue during an eight-week period beginning on March 2, 2020 or later.
– You have 300 or fewer employees.
Qualifications for Supplemental Targeted Advance
– Your business is located in a low-income community.
– You can prove more than a 50% economic loss during an eight-week period beginning on March 2, 2020 or later, compared to the same period of the previous year.
– You have 10 or fewer employees.
Learn More
Learn more about these opportunities by watching our recent PPP Direct Forgiveness & COVID-19 EIDL webinar recording.
