Advertiser Disclosure

🏦 Get funded today with one of our top lenders for 2021

2021 Targeted EIDL Advance Grant: How It Works & How To Qualify

    Shannon Vissers
  • 66 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.
Shannon Vissers

Shannon Vissers

Expert Analyst & Reviewer at Merchant Maverick
The former editor-in-chief of SteelOrbis, Shannon has been researching and writing about small business software and financing since 2015. Her retail and personal finance expertise has been cited in numerous publications, including Reader's Digest, MSN, Yahoo Finance, and GOBankingRates . She has also published articles for LIVESTRONG.COM, eHow, Life'd, and other websites. Shannon attended San Diego State University, graduating in 2005 with a BA in English.
Shannon Vissers
View Shannon Vissers's professional experience on LinkedIn.

Sources

Leave a comment

66 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.

    tmadness2020

    my targeted eidl advance was sent to an account that does not accept SBA loans grants or anything else it was returned to the SBA that a month and a half two months ago i have continuously sent voided checks my ID my tax forms my 4506 T form everything necessary to every email the SBA and they still havent sent my grant money to the update bank. my bank account so overdrawn its gona start hurting my credit and will most likely the bank will close my account soon ive lost everything trying to stay above water waiting on this so called gov. help i have nothing coming in do to lack of work b/c of covid everthing is
    late. No help anytime soon losing everything outa money and the sba is just dragging their feet

      Jessica Dinsmore

      Hi T,

      We are so sorry to hear this. You’ll want to contact the SBA’s Disaster Assistance Processing and Disbursement Center. Explain your situation to them by phone or email.

      Bear in mind that you may have to be persistent and patient given the volumes of applicants the SBA is dealing with. Best of luck! And please let us know if this helps!

        Joshua

        I was contacted by the sba for the targetted advance. turned in all requested paperwork and recieved an email to resubmit my id within 48 hrs. I did then recieved an email that stated denied due to not in a low income community. I am operating in Annada, MO which fits the criteria set by the sba for low income. I emailed them and was directed to a re- evaluation email. I sent what they said and havenot heard anything since late april. My understanding is that this was a grant to go against the 10,000 that i recieved as an eidl in 2020. can i check the status. This is crucial that i recieve that grant. thanks any info will help

          Jessica Dinsmore

          Hi Joshua,

          If you received an invitation from the SBA and subsequently applied, you can check the status of your Targeted EIDL Advance through the SBA’s Economic Injury Disaster Portal. Best wishes to you!

            nancy white

            I apply for targeted Advance in feb, Its been saying , (submit for two months) no email at all

              Jessica Dinsmore

              Hi Nancy,
              If you received an invitation from the SBA and subsequently applied, you can check the status of your Targeted EIDL Advance through the SBA’s Economic Injury Disaster Portal.

                Wyatt Jennings

                Hi there, I was recently approved and have received the funds for my EIDL loan, I am a contractor. I want to know if it is possible to receive the funds in cash manner to pay for certain payments and operating costs?

                Thank you!

                  Erica Seppala

                  Hi Wyatt!

                  You can absolutely withdraw funds from your checking account to make payments with cash. My advice would be to always make sure you have documentation backing up any purchases (whether paid by cash, check, credit card, or another method). This could be in the form of receipts, invoices, or another form of documentation. Good luck!

                    Ronni Potter

                    I have submitted my application. How long before it will be finished processing?

                      Jessica Dinsmore

                      Hi Ronni,

                      This is what the SBA says:

                      “Once the SBA has received all requested documentation, we will process the information and issue any additional funds as quickly as possible. The SBA’s goal is to process all requests within 21-days of receiving a completed application. All application decisions will be communicated via email.

                      Business owners can contact SBA’s Customer Service Center at 1-800-659-2955 or by email at
                      TargetedAdvance@sba.gov if they have questions about the Targeted EIDL Advance program.”

                        danny miller

                        I applyed for a edil loan in July of 2020 and approved in July signed my papers and still have not received my loan. Now their was fraud thought to have been and my bank sent the money back. “Understandable “. I submitted all the paper documents requested by October everything was finalized in November and submitted and ok. Their has been more action required from me. It is now may 2021 and I have still yet to receive my loan this has been a experience and very frustrating ive almost lost everything my business is on its last leg. Every time I call the sba its a new excuse to why it is taking so long. I wish I had a better review but its far from a good experience

                          doomedlove

                          Hello i’ve been told that Daca business owners are receiving the targeted EIDL advance but me been one of them was declined by the sba, does anyone have any info on this matter>?

                            Erica Seppala

                            Hi doomedlove!

                            According to the SBA, the following applies to non-US citizens when applying for the EIDL: “A non-US citizen who owns 20% or more of the business is eligible if they are classified as a ‘noncitizen national’ or ‘qualified alien.’ Qualified aliens include permanent residents with a current green card.” If this requirement is not met, the application will be rejected. You can check out the SBA’s FAQs on EIDLs for more information on qualifying for a loan. Good luck!

                            More Comments

                            Leave a Reply

                            Your email address will not be published. Required fields are marked *

                            Your Review

                            Comment moderation is enabled. Your comment may take some time to appear.
                            Please read the "User Review and Comment Policy" before posting.

                            Share

                            Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.

                            PPP & EIDL Are Not Your Only Options

                            The SBA has expanded their loan portfolio and we have the list that no one else is talking about (yet) — Sign up for our newsletter to get your free copy!

                            • This field is for validation purposes and should be left unchanged.

                            Sign up for the Maverick Newsletter

                            • Please select topics of interest

                            • We occasionally send out emails with special offers.
                            • This field is for validation purposes and should be left unchanged.