EIDL UPDATE: As of Jan. 1, 2021, the SBA will be making EIDL Loans through Dec. 31, 2021. On April 22, 2021 the SBA launched the Supplemental Targeted Advance that provides the smallest and hardest hit eligible businesses with an additional payment of $5,000 that does not have to be repaid. Businesses that previously received the original Targeted EIDL Advance sum of $10,000 may still be eligible for the Supplemental Targeted Advance if they meet the eligibility criteria. Completing the Targeted EIDL Advance application is a requirement for eligibility. Applicants must wait until they receive an email invite from the SBA to apply for both the Targeted EIDL Advance and Supplemental Targeted Advance.
This 20 minute instructional video walks you through the EIDL online application. Communities Rise Executive Director will give a brief overview of the PPP and EIDL programs and walk you through the online EIDL application. Note that this video was recorded on April 12, 2020, and several rules have changes since the video was made. However, the application itself has has not changed significantly. Please check the EIDL Updates and Supplemental Information document for updates since the video was recorded.
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