SBA Economic Injury Disaster Relief and Loan Advance

The SBA’s Economic Injury Disaster Loan Program received dedicated COVID-19 funding to provide disaster relief loans and advances, with eligibility for nonprofit organizations and self-employed individuals. The SBA continues to issue EIDL loans and targeted advances in 2021. While the general EIDL advance program is now closed, those that received a 2020 EIDL Advance in addition to the Paycheck Protection Program (PPP) loan will no longer have the amount of the EIDL Advance subtracted from the forgiveness amount of their PPP loan.