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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.

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    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!

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