Targeted eidl advance approved Learn what they are and how to get them. Apr 5, 2023 · Translations of the Targeted EIDL Advance overview section on SBA. Nov 12, 2024 · In total, SBA approved over 3. gov Targeted EIDL Advance marked approved, now what? Question? so i received $1k in 2020 and was contacted to apply to the Targeted EIDL Advance for the possibility to recieve $9k, I applied, and about 9 days ago I was contacted via email to submit my ID, Tax info, and Proof of business ownership. I just checked mine. 15 votes, 16 comments. Jan 26, 2021 · Small businesses that have been eagerly waiting for new information about a federal loan-advance program that would front them up to $10,000 in quick cash are finally getting an answer: Don’t A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. Portal shows it's approved, but I have not gotten an email to that effect. COVID-19 Targeted EIDL Advance was signed into law on December 27, 2020, as part of the Economic Aid Act. And around the same time, you should also get an email from the SBA confirming that you've been approved for the Supplemental Targeted Advance. S. Original EIDL Advance provided $1,000 per employee up to a maximum of $10,000; Targeted EIDL Advance provides the full $10,000 to certain small businesses that meet eligibility criteria. So the LO said that my application won't be likely to get approved since the business name and bank account were changed since my original SBA application in May of 2020. Jun 16, 2021 · Here's what small businesses need to do to get access to popular Targeted EIDL Advance grants now that the SBA has significantly expanded eligibility. The Targeted EIDL Advance program will continue through December 31, 2021 and will be processed into 2022. In order to qualify for the Targeted EIDL grant of $10K, businesses must meet the following criteria: Be located in a low-income area. The Targeted EIDL Advance provides eligible businesses with $10,000 in total grant assistance. 2 billion; and disbursed 453,417 Supplemental Targeted EIDL Advance payment grants totaling over $2. Neither of the advance grants needs to be repaid. Learn more about Targeted EIDL grants here. 🙏 Targeted Advance Timline Received application email on 2/10/21 Sep 15, 2025 · MySBA Loan Portal Technical Assistance: Please contact MySBA Loan Portal Customer Service at cls@sba. Nov 19, 2021 · A Supplemental Targeted Advance is available to Targeted EIDL Advance recipients that have 10 or fewer employees and saw revenues drop at least 50% due to COVID-19. May 3, 2021 · Here's the latest look at data on both EIDL Advance and Targeted EIDL Advance approval. Targeted EIDL Advance On January 1, 2022 the SBA announced that it was no longer accepting new applications for COVID EIDL loans or advances. Jun 14, 2022 · Economic Injury Disaster Loan (EIDL) is often talked about in business circles. I got an email back explaining they were putting a reconsideration process in place and to wait for an email to apply for the Targeted Advance Reconsideration and then today I received this and sent the necessary information they asked for and I’m hoping it’s approved. Apr 18, 2023 · SBA approved over 3. Sep 14, 2021 · The SBA has established a Supplemental Targeted Advance Program under the COVID-19 Economic Injury Disaster Loan (EIDL). Aug 16, 2022 · Have a question about SBA's Economic Injury Disaster Loan or wondering what is Targeted EIDL Advance? Get answers to all your EIDL questions here. gov Feb 10, 2021 · Here's a step by step instruction on how to apply for the new SBA Targeted EIDL Advance / Grant of $10,000. This new targeted advance is by invitation only so unless you receive that email invitation, there is no way to apply. Got invited for targeted advance 2/18 2/25 submitted 4506 Reply machinebrrr • Nov 29, 2021 · First, in order to apply for the Targeted Advance, your business must first apply for a COVID-19 EIDL, although you do not have to accept or be approved for that loan. gov. The SBA is launching a new round of Economic Injury Disaster Loan (EIDL) Advances - called Targeted EIDL Advance - which provides eligible businesses with $10,000 in total grant assistance. The U. The Targeted Advance program has a hard deadline of December 31st, like the EIDL loan, but those that qualify for the grant will still receive it if they applied by December 31, 2021. The Supplemental Targeted Advance provides a supplemental payment of $5,000 that does not have to be repaid. If you received the EIDL Advance last year in an amount less than $10,000, and you meet the Targeted EIDL Advance eligibility requirements, you may be eligible to receive the difference up to the full Effective April 12, 2021, there is a new subReddit dealing with all issues having to do with the targeted advance r/TargetedEIDL We encourage you to post your questions, suggestions, and comments on that subReddit. Jul 22, 2025 · The Targeted EIDL Advance provided funds of up to $10,000 to applicants who were in a low-income community, could demonstrate more than 30% reduction in revenue during an eight-week period beginning on March 2, 2020, or later, and had 300 or fewer employees. Also, if you did not apply for the original EIDL loan/advance last year, then you're not eligible for the targeted advance. Sep 3, 2021 · Meanwhile the SBA has approved just 360,376 grants under its Targeted EIDL Advance program, for a total of about $3 billion as of August 19. check_circle During the COVID-19 pandemic, this program offered a small Oct 2, 2024 · EIDL, Targeted EIDL Advance, and Supplemental Targeted Advance EIDL data USASpending. MembersOnline • [deleted] Jan 12, 2022 · The SBA is launching a new round of Economic Injury Disaster Loan (EIDL) Advances – called Targeted EIDL Advance – which provides eligible businesses with $10,000 in total grant assistance. Reply reply Hairbabe84 • Feb 14, 2025 · Apply for Targeted EIDL Advance and SBA EIDL Advance to get financial assistance for your business. Feb 15, 2021 · The SBA is launching a new round of Economic Injury Disaster Loan (EIDL) Advances - called Targeted EIDL Advance - which provides eligible businesses with $10,000 in total grant assistance. Small Business Administration (SBA) announced updated guidance for those small businesses that have already applied for the Targeted EIDL Advance program, received a decline, and are interested in applying for reevaluation. Use r/TargetedEIDL for advance/grant issues. r/EIDL was created more than a year ago to help people as they worked their way through the original EIDL loan and advance process. SBA Lending PortalYour browser is not supported by the MySBA Loan Portal Apr 28, 2021 · Has your business been affected by COVID-19? You may qualify for a low-interest Economic Injury Disaster Loan (EIDL). May 22, 2021 · SBA Approves Nearly 40,000 New Supplemental EIDL Grants In the most positive news of the week, the Supplemental EIDL Advance approvals went from around 12,000 on the previous week to around 50,000 approval — for a total Supplemental Targeted Advance funding amount of $247M approved to date. For many businesses, the COVID-19 EIDL proved a lifeline at the height of the pandemic. Now, I am trying to get the supplemental targeted advance but the deadline to apply was 2/15/2022. The SBA will invite you via email to apply for the Targeted Advance if your business is located in one of the low-income areas. In accordance with the Economic Aid Act, businesses and nonprofit organizations that received a previous EIDL Advance in an amount less than $10,000 will have first priority to apply for the Targeted EIDL Advance and will be the first group to receive an email invite. Dec 28, 2020 · Funds are again available for EIDL loans in June 2020. Sep 15, 2024 · The SBA soon expanded the Covid-19 EIDL grant to include the targeted EIDL Advance and Covid-19 Shuttered Venue grants. Overall, there's reason to be cautiously optimistic if you're still waiting for Targeted EIDL Grants. The Supplemental Targeted Advance gives an additional $5k, totaling $15k per eligible business. Did they approve your target advance and then the eidl. I closed my IA business account in Oct of 2020 and unfortunately, this is the account that is attached to my Targeted Advance EIDL loan. However the SBA will continue to review and approve Targeted EIDL Advance applications received prior to the December 31, 2021, deadline. To further cloud the confusion between the EIDL loan and the Covid-19 Economic Injury Disaster grant, the Covid Paycheck Protection Program (PPP) loan, the targeted EIDL grant and the Covid-19 EIDL grant could be forgiven. The targeted advance program is completely Today's video is a short video about how to quickly apply to the supplemental targeted EIDL advance grant that is worth $5,000. check_circle The SBA Economic Injury Disaster Loan (EIDL) program is an ongoing SBA loan program designed to help businesses impacted by natural disasters recover. Anyone know how long… Sep 20, 2021 · Who Can Apply for the Targeted EIDL Advance? Qualifying businesses can apply for up to $15,000 in grant funding (called advances) through the Targeted EIDL and Supplemental Advances. . The SBA had said in early February that it was inviting small businesses to apply for its new Targeted EIDL Advance program, a successor to its original EIDL advance grant program from March 2020, in which small businesses applying for an Economic Injury Disaster Loan could get a $10,000 cash grant whether or not they received loan approval. The Targeted Advance gives the difference (if you received $1k, you will receive $9k, if you received $0, then you will receive $10k). 9 million COVID EIDLs totaling over $378. To check the status of your Targeted EIDL Advance application and/or Supplemental Targeted Advance application, visit the SBA portal or call the customer service phone number listed above. In particular, we've broken down how much actual Targeted EIDL Advance progress has been made, state-by-state. May 8, 2021 · Approved for Supplemental Targeted Advance Then it should change to Funded, typically after a couple days or more. If this happened to your business, the SBA is actively working on re-disbursing those funds, although no timeline is given on when this will happen. Cannot receive more than $10,000 for original EIDL Advance and Targeted EIDL Advance combined. This article discusses details of the Targeted EIDL Advance program when it was still open. Mar 22, 2021 · The CRRSA, which was passed in December of 2020, provided a Targeted Economic Injury Disaster Loan (EIDL) Advance payment of up to $10,000 for applicants located in low-income communities who previously received an EIDL Advance for less than $10,000, or those who applied but received no funds due to lack of available program funding, including What is the targeted EIDL advance? The grant, now called the “ targeted EIDL advance ”, is available only to small businesses located in low-income communities. Nov 19, 2021 · EIDL loan and Targeted Advance applications will be accepted until December 31 and will continue to be processed after this date until funds are exhausted. This thread is archived New comments cannot be posted and votes cannot be cast comments sorted by Best Top New Controversial Q&A snoringvictim • Additional comment actions A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. Jun 7, 2021 · The SBA is launching a new round of Economic Injury Disaster Loan (EIDL) Advances – called the Targeted EIDL Advance and Supplemental Targeted Advance. Targeted Advance APPROVED! My EIDL Grant / Targeted Advance Journey UPDATE: Funds deposited into my account at 4am 4/6/21 —————— Here is the timeline for my EIDL/"Targeted Advance" timeline. If the Targeted EIDL Advance request is approved, the applicant business will receive an email notification and an ACH deposit to the bank account provided in their application. My story: I applied for EIDL Advance about two years ago and my grant was approved but returned back to SBA because there was a problem with my banking routing number. In order to qualify, businesses must be located in a low-income area as In total, SBA approved over 3. Call us at 1-833-853-5638 | TTY/TDD: 1-800-877-8339. So, to me, it's just showing the amount of the EIDL advance grant you received for that particular loan. Also, for any allowable purpose of the EIDL loan. 4 billion; disbursed 5,781,390 Emergency EIDL Grants totaling $20 billion; disbursed 601,058 Targeted EIDL Advance payment grants totaling over $5. 36K subscribers in the EIDL community. Targeted EIDL Advance Assistance: Please email TargetedAdvance@sba. Jul 9, 2025 · However, Congress later authorized Targeted EIDL Advances of up to $10,000, with an additional $5000 to certain hardest-hit businesses. I think once a person is approved for the "targeted" EIDL grant that amount will show separately. If you received an invitation to complete the application, this post is here to help you walk step by step through how to fill out the … Targeted EIDL Advance The American Rescue Plan included $15 billion in targeted EIDL grants for businesses in low-income communities that missed out on grants from previous authorizations. MembersOnline • DoubleAFC ADMIN MOD Sep 1, 2021 · Meanwhile the SBA has approved just 360,376 grants under its Targeted EIDL Advance program, for a total of about $3 billion as of August 19. The Targeted EIDL Advance provides businesses located in low-income communities with additional funds to ensure small business continuity, adaptation, and resiliency. Do they do these together or separate. Once all required documentation has been received, SBA will process your Targeted Economic Injury Disaster Loan (EIDL) Advance application and disburse any approved funds as quickly as possible. MySBA Loan Portal Customer Service cannot access your individual loan information. Small Business Administration (SBA) has announced two new updates to its Economic Injury Disaster Loan (EIDL) program, as the agency works to provide further economic relief for the smallest and hardest hit businesses across the United States. Mar 17, 2025 · Your SBA Targeted EIDL Advance is Approved d EIDL Advance does We're here to help. Have 300 or fewer employees. 4 billion; disbursed 5,781,390 EIDL advances (grants) totaling $20 billion; disbursed 601,058 Targeted EIDL Advance payment grants totaling over $5. No email yet from SBA. I got First eidl grant for $6k last year not the loan . Specifically, the following updated guidance is being provided: Current Targeted EIDL Advance applicants: REEVALUATION TARGETED EIDL ADVANCE APPROVED!!! FEBRUARY APPLICANT , AUTO DECLINED Just to give some hope for the applicants who never received any information since submitted (no email, no 4506T), then auto declined when we requested EIDL increase loan amount. We apologize for any delays you may be experiencing and are processing the applications in the order they are received. Funds will be made available following a successful application and the loan advance does not have to be repaid. Here's how to apply for an EIDL, which is an SBA loan option available to small businesses impacted by COVID-19. Apr 17, 2025 · Summary check_circle Update: The EIDL grant program is now closed. Is it the same portal that we used last year if we got an advance and/or an eidl loan that we check for this year's targeted advance? Mine continues to just have last year's info. SBA approved over 3. Sep 1, 2021 · Meanwhile the SBA has approved just 360,376 grants under its Targeted EIDL Advance program, for a total of about $3 billion as of August 19. Below you will find more information about the Targeted EIDL Advance program and Supplemental Targeted Advance, which provide small grants to The SBA has begun the process of reaching out to individuals who may be eligible for the Covid-19 Targeted EIDL Advance, inviting them to apply for the additional funds. At the bottom of this post we have a link to state-by-state data on average EIDL Advance Sep 1, 2021 · Meanwhile the SBA has approved just 360,376 grants under its Targeted EIDL Advance program, for a total of about $3 billion as of August 19. Content Notice: EIDL Advances are now closed SBA is no longer accepting new … Applicants for the COVID-19 Economic Injury Disaster Loan (EIDL) may have been eligible to receive up to $15,000 in … Basic PageLast The Supplemental Targeted Advance provides the smallest and hardest hit eligible businesses with a supplemental payment of $5,000 that does not have to be repaid. However, with 30-month deferments expiring and the economy still rebounding, repayment has become a challenge. It says EIDL advance grant $1000- approved. Tonight, I logged into my portal to find that the status of my $8000 advance has been approved. Even if you have previously received the original EIDL Advance in the full amount of $10,000, you may be eligible for the Supplemental Targeted Advance if you meet eligibility criteria. Eligible recipients can receive up to $10,000 in advance funds if they are a small business located in a low-income community who previously applied for the EIDL Advance grant but did not receive it due to lack of program funding I see a few people have posted screenshots of their SBA portal showing they've been approved for the EIDL targeted advance, but has anyone announced they have been officially declined for the targeted advance yet? Is it possible that the SBA is only "approving" targeted advances and letting people who are declined just linger indefinitely at the "submitted" stage? EDIT: I am specifically May 12, 2023 · Some businesses that were approved for the Targeted EIDL Advance or Supplemental Targeted Advanced never saw the funds disbursed to their bank account. As some know I got denied for A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. Reply reply freebonnie • Aug 19, 2025 · About Targeted EIDL Advance and Supplemental Targeted Advance … About Targeted EIDL Advance and Supplemental Targeted Advance For the … funds that do not need to be repaid. If you received the EIDL Advance last year in an amount less than $10,000, you may be eligible to receive the difference up to the full $10,000. In total, SBA approved over 3. It took SBA two years and the problem was resolved two months ago. Any other assistance: Please contact SBA. Jan 25, 2021 · SBA has begun rolling out this new, more targeted advance grant program to businesses that received a first-round advance grant in 2020 that was under the program’s limit of $10,000, and to those who applied but received no funds because the program’s funding was already spent. The signing of the American Rescue Plan Act on March 11, 2021, has created additional options under this program, but The COVID-19 Economic Injury Disaster Loan (EIDL) and EIDL Advance programs provided funding to help small businesses recover from the economic impacts of the COVID-19 pandemic. Here's the state-by-state information for Supplemental EIDL Advance approvals: Sep 1, 2021 · Meanwhile the SBA has approved just 360,376 grants under its Targeted EIDL Advance program, for a total of about $3 billion as of August 19. Sep 17, 2024 · Targeted EIDL Advance The Targeted EIDL Advance providedfunds ofup to $10,000to applicants who were in a low-income community, could demonstrate more than 30% reduction in revenue during aneight-week period beginning on March 2, 2020, or later, andhad 300 or fewer employees. If you received the EIDL Advance last year in an amount less than $10,000, and you meet the Targeted EIDL Advance eligibility requirements, you may be eligible to receive the difference up to the full Jan 2, 2022 · In 2020, the EIDL offered loan applicants grants of $1,000 per employee, up to $10,000 (ten employees). Understand the difference between an EIDL Loan and the Targeted EIDL Advance. Grants and Advances: Emergency grants up to $10,000 and Targeted EIDL Advance payments for businesses in low-income areas. Mar 27, 2020 · The SBA began accepting new EIDL and Emergency EIDL Advance Payment grant applications on a limited basis on May 4 to accommodate agricultural businesses that were provided COVID-19-related EIDL eligibility by the Enhancement Act. The combined amount of the Targeted EIDL Advance and any Decided to check on my targeted EIDL advance today. gov for help with Targeted EIDL Advance. May 22, 2024 · The Targeted EIDL Advance provided funds of up to $10,000 to applicants who were in a low-income community, could demonstrate more than 30% reduction in revenue during an eight-week period beginning on March 2, 2020, or later, and had 300 or fewer employees. 3 billion. A source for information on applying for LOANS from the SBA's Covid-19 EIDL… Status changed to “submitted”. Apr 1, 2021 · Learn more about EIDL loans and $15 billion in Targeted EIDL Advance grants for small businesses through American Rescue Plan Act (ARPA). BREAKING NEWS: 15 SUBSCRIBERS INCLUDING CHARLES BETZ GET $10K TARGETED EIDL ADVANCE APPROVED WITHIN 24-48 HOURS FOLLOWING MY ADVICE ON PRIVACY RELEASE FORM! ️🙏🚀🍷🥰💰🍀 In today Jan 31, 2022 · WASHINGTON - Today, the U. Looks like the people who are getting approved in targeted advance lately had also gotten eidl loan if U look at the pattern. 9 million EIDLs totaling over $378. Hopefully, this provides some insight/hope for those still waiting. I was approved for the target advance but my eidl loan still says loan modification processing. The cap on the advance is $5,000, meaning that businesses face a total cap of $15,000 if they receive both types of advance grants. hwx xkiqe bym nbbpd ywamno ysqzv jkg jtqr qkorfvd cvyv rvzdz ltdjjfc utadym wuioja vrmbf