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SBA Economic Injury Disaster Loan Emergency Advance Program

The SBA’s Economic Injury Disaster Loan Advance program provides small businesses experiencing temporary difficulties or loss of revenue with economic relief up to $10,000.

Key Features:

  • Available to any small business with less than 500 employees or businesses in certain industries with more than 500 employees if they meet the SBA’s size standards.
  • Includes sole proprietorships, independent contractors and self-employed persons, private non-profit organization or 501(c)(19) veterans organizations affected by COVID-19.
  • The amount of the Advance is determined by the number of your pre-disaster (i.e., as of January 31, 2020) employees. The Advance will provide $1,000 per employee up to a maximum of $10,000.
  • Funds are made available within days of a successful application.
  • Loan advance will not have to be repaid.
  • The Advance Program is separate from Economic Injury Disaster Loan.

Find find out more and apply visit: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loan-emergency-advance

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