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Targeted Grants Now Up To $15,000; EID Loan Not Required

October 19, 2021

19
Oct

Targeted Grants Now Up To $15,000; EID Loan Not Required

Katelyn Parsons

Eligible small businesses can now apply for as much as $15,000 in grants through the SBA’s Economic Injury Disaster Loan (EIDL) program. These targeted and supplemental grants do not need to be repaid and do not require businesses to accept an EID Loan. 

The SBA is currently accepting new EIDL Grant applications for the $10,000 targeted and $5,000 supplemental grants – a possible total of $15,000 per eligible business. Eligibility depends on a business’ location, need, and employee count. 

Find out if your business qualifies and learn more at the EIDL Advance Grant resource page here.

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