10000 Stimulus Grant Sba

Sba offers some covid 19 relief as of sunday march 29 2020 the sba offers some covid 19 relief the sba just released a new form application for a free sba 10 000 stimulus grant to assist small business owners with their incurring losses.

10000 stimulus grant sba. The sba is starting to deliver the 10 000 stimulus grant to business owners now but some are getting skipped. A report released wednesday by the sba inspector general identified tens of billions of dollars in potentially fraudulent transactions in the sba eidl grant program. The last section asks for your bank information where your loan funds and the 10 000 advance if approved should be deposited.

By way of background the cares act that was passed march 27 2020 included a grant or advance for those who applied for an eidl loan in the amount of up to 10 000. Congress has allocated another 20 000 000 000 in eidl grants advances in the new stimulus bill. The 10 000 advance does not need to be repaid under any circumstance and may be used to keep employees on the payroll to pay for sick leave meet increased production costs due to supply chain disruptions or pay business.

Small businesses can receive a 10 000 grant within 3 days from the small business administration just for applying for an sba economic injury disaster loans eidl. Watch this video and see why some are not get. The original free advance program reached it s funding limit and stopped providing grants as of july 2020.

Shananigans at the sba i m hearing. Sba 10 000 free stimulus grant. In 2020 the eidl grant was limited at 1 000 per employee up to a maximum of 10 000 per business.

Free 10 000 why havent you gotten your 10 000 grant. What is sba doing with the 10 000 eme. In 2021 businesses that received a grant for less than 10 000 can apply for the difference.

The sba is offering businesses the opportunity to receive the grant even if they already received a grant before.