CAPBUILDER NEWS NETWORK
TOPIC: UPDATES ON THE SBA ECONOMIC INJURY DISASTER LOANS AND THE SHURTTERED VENUE OPERATORS GRANT
In case you missed it! The SBA has now provided more than 3.7 million small businesses, collectively employing more than 20 million people with $200 billion through the COVID-19 Economic Injury Disaster Loan (EIDL) program. Eligible small businesses can apply for an EIDL until December 31, 2021.
New: Targeted EIDL Advance Mapping Tool
The Targeted EIDL Advance provides businesses located in low-income communities with additional funds to ensure small business continuity, adaptation, and resiliency. Applicants do not need to take any action at this time. SBA will reach out to those who qualify.
To help applicants determine if they are located in a low-income community as defined in section 45D(e) of the Internal Revenue Code, a lookup tool is now available at https://sbaeidl.policymap.com/app. Note that the business address must be located in a low-income community in order to qualify, so SBA encourages potential applicants to check the map to see if they meet the low-income community eligibility requirement before you apply.
New: Shuttered Venue Operators Grant
Friendly reminder! Those looking to apply for the Shuttered Venue Operators Grant will need to be registered in the U.S. government%u2019s System for Award Management, SAM.gov. SBA has created a video tutorial that guides you through the process, and you can find it on the SVOG%u2019s website at www.sba.gov/svogrant.
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