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

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Shannon Vissers

Shannon Vissers

Shannon is a writer and editor based in San Diego, CA. Shannon attended San Diego State University, graduating in 2005 with a BA in English. She is the former editor-in-chief of SteelOrbis, an online trade publication. Shannon has also published articles for LIVESTRONG.COM, eHow, Life'd, and other websites. She has been with Merchant Maverick since 2015, writing about POS software, small business loans, and financing for women entrepreneurs.
Shannon Vissers

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43 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.

    richard lovell

    i got my emil 2 month ago idid my appilcation an i stil have not hear anything on my appilcation

      Jessica Dinsmore

      Hi Richard,

      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.

      However, I’ve been hearing good news from merchants who have finally been funded, far beyond the 21 days. So if you haven’t been funded yet, keep checking, and don’t lose hope!

        Krystal Brown

        Hi, I received an invitation for the EIDL grant 1 week ago. I haven’t received anything else from the SBA regarding this. They didn’t ask me to submit the form for them to view my taxes either. I do meet all of their requirements but I’m just worried that I wasn’t approved. Does it take this long to go to next step?

          Jessica Dinsmore

          Hi Krystal,

          I can definitely understand your concern! I’d recommend getting in touch with the SBA to follow up:

          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.

            Nicole

            Hello , my business had to close and I received unemployment. Will I still be considered for the targeted edil if I received unemployment?

              Jessica Dinsmore

              Hi Nicole,
              Yes, you can receive EIDL and unemployment at the same time. This includes regular state unemployment and PUA unemployment. However, when it comes to spending the EIDL, you may not be able to use it to pay yourself if you are also receiving PUA, because that could be considered double-dipping. So if that’s the case you would have to use the EIDL for other business expenses. I hope that helps!

                Katherine

                Received invitation to apply for Targeted EIDL advance 2/14/21. I followed all of the required steps.
                I have heard nothing. My application number isn’t even showing up on the SBA check status portal.

                  Michael Brady

                  Is there any chance they will eliminate to low income area requirement? My Non profit organization was devastated by the pandemic. Our revenue for the past year was 0.00 and we may have to close for ever. The low income requirement is seems unfair.

                    Jessica Dinsmore

                    Hi Michael,

                    I’m so sorry.

                    I wish I had an answer for you, but we just don’t know what criteria changes the SBA may have up their sleeves. If you haven’t already please take a look at our COVID resource hub. You may find that another program might work for you. Best wishes to you!

                      Casey Neel

                      Hello… I was wondering if someone knows the answer to this. You cannot get anyone on the phone at the SBA to talk to you about it… they tell you to email. Then when you email, you get a form letter back saying to call.. round and round.. If I asked for a reconsideration of the loan part of EIDL, will that hold up my targeted advance app? I was invited to apply for targeted and did so.. but then I asked for a reconsideration of the loan portion after reading some info. Is that holding up my targeted advance now…or is the advance still processing? They seem to have these separate. Thanks…

                        Jessica Dinsmore

                        Hi Casey,

                        Unfortunately, we haven’t come across this situation before and we weren’t able to find the answer to your specific question. If you haven’t been able to get through on the phone, you could try reaching out via email as well. Or contact your local SBA office.

                          MARY K POULIEZOS

                          I HAVE READ ALL THE QUESTIONS AND ANSWERS FOR THE SECOND ROUND OF EIDL, BY CHANCE DO YOU KNOW WHEN THE EIDL SECOND WILL BE ROLLING OUT! I DID QUALIFY FOR ST ROUND ! 53 YR OLD FEMALE OWNER OF ABSTRACTING CO. MY BUSINESS WAS DEVASTATED DUE TO THE VIRUS AND ALL THE COURT HOUSE SHUT DOWNS AND EVEN WITH THE PPP LOANS AND EIDL ITS A REAL STRUGGLE TO GET CAUGHT UP IN THIS INDUSTRY. I HAVE APPLIED FOR SEVERAL SMALL BUSINEES LOANS AND TO NO AVAIL WAS SHOT DOWN QUICKLY….

                            Jessica Dinsmore

                            Hi Mary,
                            If you received an EIDL and need additional funding, you may be eligible to modify your loan and receive an increased amount. Our post “FAQs About SBA EIDL Loans & Targeted Advances For COVID Relief” should be helpful to you.

                              Peldy

                              Hi,

                              thank you the detailed info.
                              I have an issue and need any help you can give.

                              I applied for Eidl loan and advance grant on July 2020. when submitting the application I forgot to opt in for the advance grant. hence I did not receive any advance till now.

                              However, with this new targeted advance , do you think I should reach out to them or is it wise for me to patiently wait. ?

                                Jessica Dinsmore

                                Hi Peldy,
                                You’ll have to patiently wait, as you can’t currently apply. The SBA will contact you if you qualify. We cover this in more detail in the How To Apply section of this post. Best wishes!

                                  Tina Smith

                                  Meet all the criteria for the targeted EIDL grant but the application ask for all income for 2019 , 2020, January and February of 2021 on the application. I did suffer a 30% loss of income for 8 week period in 2020 compared to same time period in 2019 but there are other months that I made more after the pandemic compared to before the pandemic. Will I still be eligible for the grant since I did suffer the 30% loss of income during an eight week period ?

                                    Jessica Dinsmore

                                    Hi Tina,
                                    As we understand it, as long as you had a 30% loss of income in those 8 weeks (year over year), you should still be eligible.

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