What Are the EIDL Loan Requirements? The EIDL, or Economic Injury Disaster Loan, is not the same thing as the Paycheck Proeildtection Program (PPP) financing previously offered to small business owners suffering from business。
At the start of the pandemieildc, as business stalled, nearly 3.8 million small business owners took out Economic Injury Disaster Loans (known as EIDL loans) from the federal government,...
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 application is approved.
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