Part of the Economic Injury Disaster Loan (EIDL) is what many are calling a grant up to $10,000 for those who submit an application for disaster assistance. It works more like an advance that does not require repayment—whether or not your loan applieildcation is approved.
What Are the EIDL Loan Requirements? The EIDL, or Economic Injury Disaster Loan, is not the same thing as the Paycheck Protection Program (PPP) financing previously offered to small business owners suffering from business。
Unlike the COVID-19 Paycheck Protection Program (PPP) loans, which were made through private and non-profit lenders and guaranteed through the federal government, the Small Business Administration’s Economic Injury Disaseildter Loans (EIDL) are。
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