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Your COVID-Affected Small Business Might Be Eligible For SBA Loan Debt Relief Via The CARES Act

    Erica Seppala
  • 2 comments
  • Updated on:
Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.
Erica Seppala

Erica Seppala

Expert Analyst & Reviewer at Merchant Maverick
An expert in accounting, finance, and point of sale, Erica has been researching and writing about all things small-business since 2018. Erica's insights into personal and business finance have been cited in numerous publications, including MSN, Real Simple, and Reader's Digest. She is a graduate of Limestone College.
Erica Seppala
View Erica Seppala's professional experience on LinkedIn.
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2 Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    JD

    Can you tell me if you apply for the loan, does that automatically qualify you for the grant? Or can you explan that process looks like.

      Jessica Dinsmore

      Hi JD,

      If you were eligible for the loan, you would’ve been eligible for the grant. However, eligibility did not guarantee approval. And unfortunately, the SBA has closed the grant program as of 7/11/20. They are still offering EIDL loans however the grant program has been exhausted.

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