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- Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The COVID-19 Targeted EIDL Advance program provides advance funds of up to $10,000 to small businesses – including small restaurants and bars – that are located in low-income communities, and have suffered revenue losses of more than 30 percent.www.whitehouse.gov/briefing-room/statements-rele…The Targeted EIDL Advance provides funds of up to $10,000 to applicants who are in a low-income community and can demonstrate more than 30% reduction in revenue during an eight-week period beginning on March 2, 2020, or later, and have 300 or fewer employees.www.bea.gov/help/faq/1463Program overview Applicants for the COVID-19 Economic Injury Disaster Loan (EIDL) may have been eligible to receive up to $15,000 in funding from SBA that did not need to be repaid. These "advances" are similar to a grant, but without the typical requirements that come with a U.S. government grant. Targeted EIDL Advancewww.sba.gov/funding-programs/loans/covid-19-reli…The Targeted EIDL Advance provides funds of up to $10,000 that does not have to be repaid. A Targeted EIDL Advance covers working capital needs and normal operating expenses, including rent and utilities. To qualify for a Targeted EIDL Advance, a business must: Be located in a low-income area;www.nfib.com/content/legal-blog/coronavirus/new-…
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