EIDL Targeted Economic Injury Disaster Loan Advance
Small businesses and non-profits may be eligible to receive funding from SBA that does 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.
You may be eligible to receive up to $10,000 that does not need to be repaid if:
Your small business or non-profit has 300 employees or less
You are located in a low-income community https://sbaeidl.policymap.com/newmaps#/
You can demonstrate more than 30% reduction in revenue since March 2, 2020
Furthermore, you may be eligible to receive up to $15,000 that does not need to be repaid if your business or nonprofit:
Has 10 or fewer employees
Is located in a low-income community https://sbaeidl.policymap.com/newmaps#/
Can prove more than a 50% economic loss compared to the same 8week period in 2019
Additional info & support
For eligibility details and information on how to apply, visit sba.gov:
https://www.sba.gov/funding-programs/loans/covid-19-relief-options/eidl/targeted-eidl-advance-supplemental-targeted-advance#section-header-5
Need help applying?
The NYC Women’s Chamber of Commerce is offering free assistance with EIDL applications. Please email Steve Paguay, at spaguay@nywcc.org to request support.
Deadline
The deadline to apply is December 31, 2021. But the SBA strongly encourages submission by December 10, 2021.