Disaster Loan Assistance Federal Disaster Loans for Businesses, Private Non-profits, Homeowners and
Updated: Mar 31
Some great info - For businesses who applied for the big disaster relief loan you can apply for this $10k advance no repayment, it funds in 3 days direct deposit.
Here’s the overview The Coronavirus Aid, Relief, and Economic Security (CARES) Act temporarily expands eligibility for SBA economic injury disaster loans (EIDL) and provides an emergency advance of up to $10,000 to small businesses and private non-profits harmed by COVID-19 within 3 days of applying for an SBA Economic Injury Disaster Loan (EIDL). To access the advance, you first apply for an EIDL and then request the advance. The advance does not need to be repaid under any circumstance and may be used to keep employees on payroll to pay for sick leave, meet increased production costs due to supply chain disruptions or pay business obligations, including debts, rent, and mortgage payments. https://covid19relief.sba.gov