Stimulus Loophole Eidl Grant

To be eligible for the targeted eidl program funds.

Stimulus loophole eidl grant. The eidl loan and grant were part of the cares act back in march. When eidl economic injury disaster loan grants were passed by congress they allowed for a 10 000 advance to be treated as a grant not a. This loan program is still open so make sure you apply if the liquidity would help your business.

The qualification rules for eidl grants have changed in this round from the first round of eidl grants also known as eidl advances in the cares act. That s because the eidl has added a couple of qualifications. 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.

The eidl provided business owners with a free 10 000 grant and loans to small businesses to help with loss wages from the pandemic. Saving concert halls and venues. The entity is located in a low income community.

Under a new shuttered venue grant provision concert and. Eidl even more swell. Irv officialjoin irv s private member group for exclusive content https bit ly 3n5c4ytskip those long bank lines get your ppp.

New targeted eidl advance program. An entity must apply during the covered period january 31 2020 to december 31 2021 and this includes an entity that applied for funding prior to december 27 2020. But it also has contractors scrambling to figure out how to tell out if they re in a low income community.

Stimulus checks for those earning more than 75 000 150 000 how it works. Included in the stimulus package that congress passed this week is funding for more eidl grants for small businesses. The new stimulus program signed into law in the last days of 2020 reopens the door for some aid for independent contractors such as with doordash uber eats lyft instacart grubhub etc.