COVID-19 Targeted EIDL Advance was signed into law on December 27, 2020, as part of the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act. The Targeted EIDL Advance provides businesses located in low-income communities.

By Contributor published 1-28-2021 updated 1-28-2021
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Survival planning between July and December 2020.

By Writers Pool published 8-6-2020 updated 1-15-2022
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During any declared disaster in which businesses can provide proof of economic injury or in simple terms loss of revenue as a direct result of the disaster the business will still be required to qualify for the loan based on the ability to repay the loan.

By Murray Wennerlund published 9-3-2020 updated 9-3-2020
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Recent changes are: eligible uses of the loan proceeds, business size standard, maximum loan limits, appeal of application that has been declined for a second time.

By Murray Wennerlund published 10-3-2021 updated 4-18-2022
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When the president signed the Coronavirus Preparedness and Response Supplemental Appropriations Act on March 6, and the Coronavirus Aid, Relief, and Economic Security Act CARES Act on March 27, the SBA OIG raised the warning flag to the SBA Director.

By Murray Wennerlund published 12-31-2020 updated 12-31-2020
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EIDL Advance is to make payments to covered entities that have not received the full amounts to which the covered entities are entitled under section 331 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act.

By Murray Wennerlund published 3-28-2021 updated 4-25-2021
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SVO Grant is a duplication of benefits with the SBA EIDL and any PPP Draw. A duplication of benefits occurs when your business including self-employed gig workers receives financial assistance which can be in the form of federal secured loans

By Murray Wennerlund published 4-8-2021 updated 1-15-2022
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The Small Business Administration on 09/03/2021 published to the Federal Register a Notice of the Presidential declaration of a major disaster for the State of Louisiana FEMA-4611-DR, dated 08/29/2021 for Physical Damage and EIDL

By Murray Wennerlund published 9-7-2021 updated 9-7-2021
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Federal law limits Economic Injury Disaster Loans EIDL to small businesses only.

By Murray Wennerlund published 10-31-2022 updated 10-31-2022
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