EIDL (Economic Injury Disaster Loan) and EIDL Advances — Hands-on help for small businesses

By Lavall Chichester

Watch this video of New York Times bestselling author and entrepreneur, Nely Galán, and a panel of experts from the US Small Business Administration (SBA) for a hands-on working session and live Q&A showing women how to connect to COVID-19 financial relief and resources at the federal and state levels. 

Who should watch?

Entrepreneurs, small business owners, freelancers and anyone with a side gig. This financial relief is not just for small business owners! Whether you’re a gig worker, a sole proprietor, or self-employed, this is for you. Nely and the SBA team will give you detailed hands-on instructions, and tips and tricks to help smooth the way.

What’s are EIDL and EIDL Targeted Advance Loans? 

EIDLs provide economic relief to small businesses and nonprofit organizations that are currently experiencing a temporary loss of revenue. The deadline for applying for an EIDL loan is December 31, 2021. Applicants do not need to take any action re EIDL Advances. SBA is reaching out to those who qualify.

Nely and the SBA team cover:

  1. Who is eligible for EIDLs
  2. Online application process
  3. Latest updates

Plus you’ll learn about: 

  1. PPP Second Draw Loan update and application overview. PPP loans are SBA-backed forgivable loans that help small businesses keep their workforces employed during the COVID-19 crisis. You’ll see how to fill out the application form page by page; download your copy here.  Important: The SBA is offering PPP Second Draw Loans only until May 31, 2021, so don’t miss out! 
  1. Shuttered Venue Operators Grants (SVOG). This grant provides emergency assistance for eligible venues affected by COVID-19. Find out if you’re eligible and how to apply. Note: The deadline to apply was for an SVOG was April 8, 2021.

Together, we’re stronger. You got this!

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