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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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13 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.

    David

    Can I get EIDL grant round 2 if I was denied the first round ? Please I am dying I need help.

      Jessica Dinsmore

      Hi David,

      It’s a bit unclear. As we understand it, you will not be eligible to receive the forgivable grant if you did not previously apply for an EIDL Grant in 2020. It doesn’t say “get approved”, so it seems like the possibility is there. The one thing we know for certain is that there is no way to apply currently–the SBA has a “don’t call us, we’ll call you” approach this time around. So, if you are eligible, they will contact you, which will no doubt leave many feeling unsettled, not knowing.

      If you are interested in a forgivable PPP loan, you could try for round 2. Or possibly unemployment assistance. I’m not sure what type of business you have, so I can’t make many more suggestions, but definitely check out our COVID hub for all sorts of helpful resources. I’m so sorry you are in this situation and I truly wish you the best!

        Ken

        None of these sites know what they are talking about? It didn’t even open today. You all know as much as anyone else… Nothing!

          This comment refers to an earlier version of this post and may be outdated.

          Jessica Dinsmore

          Hi Ken,

          We only know as much as the SBA shares, and a lot of their language has been incredibly vague. But we do our very best to interpret accurately and relay to our readers as soon as new information is made available to us. You can always find our sources linked at the bottom of the page, and in this particular post, the linked source is the SBA’s EIDL page. If you think we’ve misinterpreted something, please let us know!

            Brenda McCray

            I applied for an EIDL loan. My application number is: xxxxxxxxxx. Just replying for an update although I know that there are others being processed ahead of me. I am an patient person. I just need to know if it were received and filled out with all the information needed to move forward. Thanks for all your support. Stay safe.

              This comment refers to an earlier version of this post and may be outdated.

              Jessica Dinsmore

              Hi Brenda,

              I removed your application number, as we are not the SBA and I don’t want your information getting into the wrong hands. I wish we could tell you the status of your application, but not only are we not the SBA, but we also have no affiliation to them whatsoever, so unfortunately we can’t offer any kind of update. That said, we do have a post that explains the ways you can check the status. I hope that helps, and we wish you the best!

                This comment refers to an earlier version of this post and may be outdated.

                Barbara Johnson

                I applied for a sba grant disaster injury loan iand july 6 it was approved and now it has almost a month on August 6 2020 how long do I have to wait for the money to be directly deposited into my account I need the money to register my car before August the 28 2020 and to pay some bills and to send for my husband and son who’s in Jamaica on vacation

                  This comment refers to an earlier version of this post and may be outdated.

                  Jessica Dinsmore

                  Hi Barbara,

                  There isn’t a set timeline, unfortunately. The processing time seems to look different for every applicant.

                    This comment refers to an earlier version of this post and may be outdated.

                    hellica perez

                    I would like to check my status on my application loan covin 19

                      This comment refers to an earlier version of this post and may be outdated.

                      Jessica Dinsmore

                      Hi Hellica,

                      We have a post that explains How To Check The Status Of Your EIDL and Emergency Advance. I hope this helps!

                        This comment refers to an earlier version of this post and may be outdated.

                        jesse l perry

                        Yes same here I applied as the ability to do so became active ,I called the number above and was informed that no information for my application was available and that it could take up to 6 weeks from application date before information would be available .my buisness will go under ,no doubt about it ,but will the funds be available in time to restart and begin to build again ,hope is nearly lost .maybe some of us small businesses will make it .God bless.we need it now.

                          This comment refers to an earlier version of this post and may be outdated.

                          kam

                          This information is wrong. When you call the SBA 800 number to inquire about the status of your EIDL advance application they simply say that there is no way for them to check the application status. It’s unfortunate the blogs keep distributing incorrect information.

                            This comment refers to an earlier version of this post and may be outdated.

                            Jessica Dinsmore

                            Hi Kam,

                            Our information is sourced from the SBA, but as we warn readers in our How To Check The Status Of Your EIDL post, many have reported difficulty getting an update.

                            Unfortunately, some merchants are reporting that when contacting the SBA, they have found that there is currently no way to check the status of your EIDL application. We presume that this is due to the high volume of applications the SBA has received. Be aware that some methods of contact might not work at this time.
                            If you applied through the COVID-19 portal, you will have to wait until the SBA contacts you regarding your loan status, even if you have an application number. Some applicants haven’t received an email or phone call from the SBA but did receive a deposit in their bank account from the SBA with an attached application number.

                            If you applied for an EIDL outside of the COVID-19 portal, you can call the SBA’s toll-free number to inquire about the status of your loan.

                              This comment refers to an earlier version of this post and may be outdated.

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