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Economic Injury Disaster Loan (EIDL) and Emergency Advance FAQ
Last Updated: 4/8/2020 What is an Economic Injury Disaster Loan (EIDL)? A small business loan program offered directly through the U.S. Small Business Administration (SBA) that provides low-interest emergency loans to small businesses significantly impacted by disasters, including Coronavirus (COVID-19). What is the emergency advance of up to $10,000? To provide emergency funding to…