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Every Business Qualifies For An Instant $10K Grant
Have your bank routing and account numbers handy when you fill out this form:
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6 Replies
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This information can be misleading. New information from the SBA states that the grant will be $1000 per employee with a max grant amount of $10,000.
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Thanks, Natalie. That information is nowhere to be found on the SBA website. (At least I can’t find it.) Can you give me a link to that information, please? Thanks!
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Here you go! It’s been a mess and so confusing.
https://content.govdelivery.com/accounts/USSBA/bulletins/284f240
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Natalie,
Your link gives me a 404 page not found error.
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https://www.inc.com/kevin-j-ryan/small-business-loans-eidl-advance-limitations.html
Check these two out. The SBA had an email announcement they released the other day about it but you’re right, the link isn’t working anymore.
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The Inc. link is broken, but the other link says:
>”The law provides that applicants can request up to $10,000; however, it seems that the SBA may scale the advance based on the number of employees an applicant has. Based on reports, the SBA may provide $1,000 per employee for up to ten employees. However, SBA has not provided public guidance on how it will determine the amount of the advance. Please check back for updates.”<<
Thanks for the clarification, Natalie!
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