Targeted EIDL Advance
The Targeted EIDL Advance provides businesses located in low-income communities with additional funds to ensure small business continuity, adaptation, and resiliency.
Advance funds of up to $10,000 will be available to 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.
Applicants may qualify if they are located in a low-income community and they can demonstrate more than 30% reduction in revenue during an 8-week period beginning on March 2, 2020, or later.
Applicants do not need to take any action at this time. SBA will reach out to those who qualify.