VGM & ASSOCIATESHealthcare MSO
Full Menu Search

EIDL Forgivable Grants of Up To $15,000 Available To All Business Types

Published in Government Relations on August 04, 2021

The SBA has now opened both the Targeted Economic Injury Disaster Loan (EIDL) Advance and the Supplemental Targeted Advance grants to all eligible business types. Forgivable grants of up to $10,000 were available for a time during 2020 to all businesses. Later, the Targeted EIDL was available to only agricultural businesses. Now all business types can apply if they have not yet done so, but they have to meet certain criteria in order to qualify. Those criteria are as follows:

The Targeted EIDL Advance provides up to $10,000 to applicants who meet ALL 3 of the following criteria:

  1. Are located in a low-income community. To help applicants determine if they are in a low-income community as defined in section 45D(e) of the Internal Revenue Code, a mapping tool has been created and can be found at https://sbaeidl.policymap.com/newmaps#/. The applicant’s business address must be located in a low-income community, as designated on the map, to qualify for receiving funds. Before you apply for a Targeted EIDL Advance, please check the map to see if your business address is located in a low-income community.
  2. Can demonstrate more than 30% reduction in revenue. The reduction in revenue must have occurred during any eight-week period beginning on March 2, 2020, or later. If an applicant meets the low-income community criteria, they will be asked to provide gross monthly revenue (all forms of combined monthly earnings received, such as profits or salaries) to confirm the 30% reduction.
  3. Have 300 or fewer employees.

There is also potential for certain qualifying businesses to receive an additional $5000: The Supplemental Targeted Advance provides a supplemental payment of $5,000 that does not have to be repaid, but the criteria are more stringent that the Targeted EIDL Advance. Before applying, make sure your small business meets the following eligibility criteria:

  • Is located in a low-income community. Use this mapping tool to see if your business is in a low-income community as defined in section 45D(e) of the Internal Revenue Code. The business address must be in a low-income community to qualify, so SBA encourages you to check the map before you apply; and
  • Can prove more than a 50% economic loss. The applicant will need to show that the loss occurred during any eight-week period beginning on March 2, 2020, or later, compared to the same period from the previous year. Applicants need to provide gross monthly revenue (all forms of combined monthly earnings received, such as profits or salaries) from January 2019 to the current month-to-date.
  • Has 10 or fewer employees.

Completing the Targeted EIDL Advance application is a requirement to be considered for the Supplemental Targeted Advance. Even if you have previously received the original EIDL Advance in the full amount of $10,000, you may be eligible for the Supplemental Targeted Advance if you meet eligibility criteria. The combined amount of the Supplemental Targeted Advance ($5,000) and any previously received EIDL Advance or Targeted EIDL Advance ($10,000) cannot exceed $15,000. Supplemental Targeted Advances are available to sole proprietors, independent contractors, private nonprofit organizations, and others that usually qualify for the EIDL program and meet the above criteria. However, agricultural businesses, such as farmers and ranchers, are not currently eligible for the Supplemental Targeted Advance.

To be considered for these grants, a business must apply or have previously applied for an EIDL and meet the eligibility criteria for the EIDL advance grants. Applicants do not need to accept the actual EIDL itself or even be approved for the loan in order to receive a grant. On the application form, applicants can note that they want to be considered for the EIDL advance grants only and not the actual EIDL. Businesses can complete an application and find more information at https://www.sba.gov/funding-programs/loans/covid-19-relief-options/eidl/targeted-eidl-advance-supplemental-targeted-advance.

TAGS

  1. covid-19
  2. vgm government

Get Connected

Stay up-to-date on the latest resources and news provided by VGM & Associates.

Sign Up for Email

From Our Experts

Mike Hamilton Of ADMEA Honored With The Mal Mixon Advocate Award thumbnail Mike Hamilton Of ADMEA Honored With The Mal Mixon Advocate Award Last week, during the 2025 AAHomecare Washington Legislative Conference, Mike Hamilton, Executive Director of ADMEA, was honored with the prestigious Mal Mixon Advocate Award. VGM Senior Leaders Engage in Advocacy at AAHomecare Legislative Conference thumbnail VGM Senior Leaders Engage in Advocacy at AAHomecare Legislative Conference This week, VGM leaders attended the AAHomecare Legislative Conference in Washington, D.C., a premier event dedicated to advancing healthcare policy and advocacy. AAHomecare provided attendees with valuable insights, equipping them with key discussion points and strategies for effective meetings with legislators. Champion of Change: Paula Vineyard of Elana Health & Loop Medical Leads Healthcare Advocacy in West Virginia thumbnail Champion of Change: Paula Vineyard of Elana Health & Loop Medical Leads Healthcare Advocacy in West Virginia On Thursday, May 8, Paula Vineyard, owner of Elana Health & Loop Medical, took a pivotal step in healthcare advocacy by hosting a meeting with Tyler Ohrn, Field Representative for Congresswoman Carol Miller of West Virginia's First District. The hour-long discussion centered on the pressing need for congressional support of H.R. 2005. Manufacturer Survey On Tariffs thumbnail Manufacturer Survey On Tariffs The American Association for Homecare and VGM Group are seeking valuable insights from durable medical equipment, prosthetics, orthotics, and supplies (DMEPOS) manufacturers and vendor partners regarding tariffs imposed on certain countries. Key Payers Denied Your Application Citing Their Network Is Closed – Now What? thumbnail Key Payers Denied Your Application Citing Their Network Is Closed – Now What? This experience has increasingly become one of the most common questions we receive from our provider members as more and more payers move to narrow their provider networks. The reasons payers seek to narrow their networks are simple. Payers are highly motivated to achieve their goals while doing less work and are not required to allow providers into their networks unless there is a patient access issue. For those of you fortunate enough to be a part of a narrow network, this may not be much of Congress Returns: Medicaid Cuts Take Center Stage thumbnail Congress Returns: Medicaid Cuts Take Center Stage Congress is back in session after a two-week recess. Number one on the docket is figuring out the budget. The house is tasked with coming up with a $1.5 trillion reduction and a key committee is in the spotlight. The DMEPOS Relief Act Of 2025 – WE NEED YOUR HELP! thumbnail The DMEPOS Relief Act Of 2025 – WE NEED YOUR HELP! The DMEPOS Relief Act of 2025 (or H.R. 2005) is bipartisan legislation that was recently introduced in Congress designed to increase reimbursement for a large percentage of HME providers across the country. This bill establishes a higher reimbursement rate (known as the 75/25 blended rate) for durable medical equipment in nonrural/noncompetitive bidding areas under Medicare until Dec. 31, 2025. Champion Of Change: Lauryn Estrella Speaks On Tariffs Impacting HME Providers And Patients thumbnail Champion Of Change: Lauryn Estrella Speaks On Tariffs Impacting HME Providers And Patients Today, we shine a spotlight on Lauryn Estrella, the dedicated Executive Director of Home Medical Equipment and Services Association of New England (HOMES) and a true Champion of Change in the HME industry.

Unlock everything you need to successfully run your business. 

Become a Member