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Every Business Qualifies For An Instant $10K Grant
Posted by J. Larry Bloodworth on April 9, 2020 at 1:39 pmHave your bank routing and account numbers handy when you fill out this form:
J. Larry Bloodworth replied 3 years, 11 months ago 2 Members · 6 Replies- 6 Replies
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.
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!
Here you go! It’s been a mess and so confusing.
https://content.govdelivery.com/accounts/USSBA/bulletins/284f240
Natalie,
Your link gives me a 404 page not found error.
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.
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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