NEW: All small businesses & non-profits impacted by #COVID19 can now apply for an Economic Injury Disaster Loan (EIDL) & EIDL Advance. EIDL can be used for payroll & inventory, to pay debt & more. The Advance can provide up to $10K in emergency funds.
⬇️Learn more and apply.⬇️
Conversation
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The SBA has done an outstanding job with the PPP a lifeline to millions of small business like mine: CEO Advisors. Thank you to the whole SBA team. Your hard work is appreciated.
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You mean the 10k advance that we were promised and then told it was based on employees(which wasn’t in law passed). You talking about that advance?
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Don’t hold your breath though. I applied April 2nd and they still haven’t processed my application. Unless your a big company they won’t help.
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Still waiting for my reconsideration decision after get denied for unsatisfactory credit... In middle of crisis ..we business need support to pay our debt & bill .! We need support. God bless you
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Now you can pay off existing debt with the loan? I read where it can’t be used to refi any debt
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No problem pulling your credit then leaving you in pending status for months! Beware!
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What about the people who applied before but didn't get the full $10,000 advance? Are you going to fulfill the requirements of the Cares Act before you start sending out more grants to new applicants?
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