Are You Eligible for a $10K EIDL Grant Based on Location?
The Small Business Administration (SBA) was allocated $30 billion to give out $10,000 grants for 9 months, but it may be coming to an end. Even though there is over $20 billion left to distribute, this money may be reallocated in the coming days. Here's one more check to see if you're eligible for $10,000 Targeted EIDL Grants so you don't miss out. We've even included screenshots of eligibility maps of the 15 most populous US metro areas.
📌 Pro-tip: Have questions about EIDL loans or grants, including eligibility or getting approved? Get ongoing personalized funding help from our team. There are over 2,000 on the waiting list to get help. You can skip the wait list completely with this invite link, exclusive to our readers.
Why is It Important to Check Targeted EIDL Grant Eligibility Now?
First, there's still over $20 billion available to give out to businesses and independent contractors. Based on the average Targeted grant size, that means there are over 3 million Targeted EIDL grants still available. There's no other grant program in the U.S. that comes close to this size.
Second, this funding may be disappearing soon. According to the draft legislation of the $1 trillion infrastructure bill, nearly $20 billion from the Targeted EIDL Grant pot of money would be "permanently rescinded" to go toward the new bill.
If you are in doubt, double-check your eligibility, then tell a friend (or many friends).
How to Check Targeted EIDL Grant Eligibility?
The formula is fairly straightforward: Did you have earnings that you reported on your 2019 taxes that came from a business or side hustle? Did you have less than 300 employees? Did you experience a 30% or greater decline in revenue over an eight-week period between 2019 and 2020?
If you answered yes to those three questions, then you're nearly there. The final — and major — sticking point is: Are you located in a low-income community as defined by recent census data?
You can check to see if your business address qualifies in two places: The first place to check is on the Skip app (for free). Just go to TrackEIDLGrant.com to get the app and a $10 credit, or search "Hello Skip" in the App Store or Google Play. Then click "Check EIDL Grant Eligibility" under the Recommended Services. Alternatively, you can go to a lookup tool provided by the SBA to check.
Here Are Targeted EIDL Grant Eligibility Maps for Major US Metro Areas
Scroll below to get a glimpse if your area may qualify. The purple areas signify a "low-income community." The maps go from West Coast (top) to central U.S, to East Coast (bottom). We've only included over 20 metro areas below, but you can search for others here.
Apply for $10K EIDL Grant or Tell A Friend Before It's Too Late
Millions of small businesses have not applied for the $10,000 Targeted EIDL Advance. If you think you're eligible, you can apply on the SBA website or via your SBA portal. Time may be quickly running out for businesses to take advantage of these grants.
📌 Pro-tip: Have questions about EIDL grants or loans, including eligibility or getting approved? Get ongoing personalized funding help from our team. There are over 2,000 on the waiting list to get help. You can skip the wait list completely with this invite link, exclusive to our readers.