SBA Targeted EIDL Advance Grant

Information provided in this blog is based on current information provided and can change. Please do not rely solely on this information to make your decision.  Consult with your Lawyers, CPA, Accountant, Bookkeeper, Consultant, financial advisors or current updates and post by the governing authority i.e., or other governing authorities.

Notice: COVID EIDL is no longer accepting new applications but will continue to accept requests for increases, reconsideration, and appeals.

As of January 1, 2022, we are not able to accept applications for new COVID EIDL loans or advances. 

  • The U.S. Small Business Administration (SBA) will accept and review reconsideration and appeal requests for COVID EIDL applications received on or before December 31 if the reconsideration/appeal is received within the timeframes in the regulation. This means six months from the date of decline for reconsiderations and 30 days from the date of reconsideration decline for appeals – unless funding is no longer available.
  • Borrowers can request increases up to their maximum eligible loan amount for up to two years after their loan origination date, or until the funds are exhausted, whichever is soonest.

SBA continues to offer other funding options for small businesses including traditional SBA loans.


Your small business may be eligible for a Targeted EIDL Advance (GRANT) of up to $10,000 and a Supplemental Advance of $5000 which does not have to be repaid. 

The key word is TARGETED.  Your business must be located in a low income community.  To determine if your business is located in a low income community you should enter your address in the SBA Targeted EIDL Advance Mapping Tool

There are eligibility requirements that must be met and apply or have already applied for an Economic Injury Disaster Loan (EIDL).  If you are approved for the loan you do not have to accept the loan in order to get the Targeted EIDL Advance (GRANT).

Qualifications for the TARGETED EIDL ADVANCE $10,000 (GRANT) after you determine your business was located in a low income community.

  • Have suffered an economic loss greater than 30% and
  • Employ less than 300 employees

In addition, the business must qualify as an eligible entity as defined in the CARES Act:  

  • A small business, cooperative, ESOP Tribal concern, with fewer than 500 employees;
  • An individual who operates under as a sole proprietorship, with or without employees, or as an independent contractor; or
  • A private non-profit or small agricultural cooperative.
  • The business must have been in operation by January 31, 2020
  • The business must be directly affected by COVID-19

Small businesses may find it helpful to consult with individuals experienced in applying for this grant. The small business may decide to complete the application process on their own or consult with a business owner who provides this service.

Economic injury is defined as “the amount by which the gross receipts of the small business declined during an 8-week period between March 2, 2020, and December 17, 2021, compared to a comparable 8-week period immediately preceding March 2, 2020, or during 2019.” 

To get started the small business should:

Get their business tax documents organized and up to date because the SBA may also require a signed IRS Form 4506-T to allow the SBA to request tax information on the applicants’ behalf.  The 4506-T will give them access to the business tax transcript at the IRS.  This is essential to applying for this grant. Taxes must be filed and bookkeeping records provide the supporting documentation to answering the questions and completing the Targeted EIDL Advance application.

The small business will be required to provide the business’ monthly gross receipts for each month from January 2019 through the most recent month-to-date period. This information will be used to determine if your business meets the greater than 30 percent reduction in revenue during an 8-week period beginning on March 2, 2020.

Additional $5000 supplemental grant:

The American Rescue Plan included additional funding for Supplemental Targeted Advances (grants) in the amount of $5000.  In order to qualify the small business must:

  • Suffered an economic loss of greater than 50 percent; and
  • Employ not more than 10 employees

What should you do after reading this article:

Visit for more information and updates

If you previously applied for an EIDL, the SBA more than likely sent you an email inviting you to apply for the targeted grant.  Check your email and spam mail.

If you never applied for an EIDL you can apply at if your business appears eligible the SBA will send you an invite for the Targeted Advance (Grant) 

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