Every Business Qualifies For An Instant $10K Grant

[Natalie Paris]

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.

[J. Larry Bloodworth]

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!

[Natalie Paris]

Here you go! It’s been a mess and so confusing.

https://content.govdelivery.com/accounts/USSBA/bulletins/284f240

[J. Larry Bloodworth]

Natalie,

Your link gives me a 404 page not found error.

[Natalie Paris]

https://www.inc.com/kevin-j-ryan/small-business-loans-eidl-advance-limitations.html

https://www.schatz.senate.gov/coronavirus/small-businesses/sba-economic-injury-disaster-loan-and-emergency-grant

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.

[J. Larry Bloodworth]

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!