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New EIDL Grants: How To Tell If Your Business Is In A Low Income Community

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Chris Motola

Chris Motola

Finance Writer at Merchant Maverick
Chris Motola is a writer, programmer, game designer, and product of NY. These days he's mostly writing about financial products, but in a past life he wrote about health care and business. He's a graduate of the University of Central Florida.

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8 Comments

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    Bill Carmen

    i plug in the address and get in red 2021 censes isn’t available now what. address is [Address Redacted] florida mobile home community

      Jessica Dinsmore

      Hi Bill,

      Try this map provided by the SBA–I was able to pull up your address successfully.

        Len

        Is country club hills considered a low income community.

          Erica Seppala

          Hi Len!

          In order to determine if a business in Country Club Hills, IL, is located in a low-income community, you would need to plug the business’ street address into the geomap tool. Good luck!

            Glenn Modina

            Dear Chris Motola,

            I’m glad to find your article after my request for Targeted EIDL Advance (Grant) was not approved. I am currently in the process of possibly appealing to SBA’s decision. The article you updated on Jan 15, 2021, is under https://www.merchantmaverick.com/eidl-grant-low-income-community/ titled “New EIDL Grants: How To Tell If Your Business Is In A Low Income Community.”

            First of all, I was “not eligible” because my “business is not located in a low-income community.” I agree with SBA based on the link you provided to the FFIEC geomagnetic tool. However, you wrote in paragraph 8, that there is “the other way to qualify as low income is relative to your state” and I understand if my community median family income is 80% or less of the statewide median income, that I could be considered.

            Long story short, I looked at my business address and found that my business is 17.49 % below the Poverty Line (20% or more is considered a low-income community). So I don’t qualify based on this. But my tract median family income indicates 73.86% (so “80% or less”, could be considered a low-income community). Do you think this provision is still relevant? Do I have a case here for SBA to reevaluate?

            I appreciate in advance for your reply. I am just like much struggling business trying to survive these difficult times.

            Glenn

              Jessica Dinsmore

              Hi Glenn,

              Great question. Ultimately this will depend on whether you’re considered to be in a rural area or a metropolitan one. The state median is used if your business is considered rural, whereas you’ll be compared to your metropolitan area if you’re suburban or urban. Assuming you still fall within that gap, it’s probably worth pleading your case. Just be aware that the SBA may be using its own slightly different data set for assessing tracts. Good luck!

                Jessica Atatigho

                Thank you so much for this. I had searched several pages in trying to determine whether or not a community is low-income. I almost gave up but then saw this website. You made this so easy to decode and understand and for that I am grateful.

                  Bella

                  Thank you very much for making this so easy to understand! Best explanation I’ve read thus far!

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