These grants provide an emergency advance of up to $10,000 to small businesses and private non-profits harmed by COVID-19 within three days of applying for an SBA Economic Injury Disaster Loan (EIDL). To access the advance, you must first apply for an EIDL and then request the advance. The advance does not need to be repaid under any circumstance, and may be used to keep employees on payroll, to pay for sick leave, meet increased production costs due to supply chain disruptions, or pay business obligations, including debts, rent and mortgage payments.

Ｑ：Are businesses and private non-profits in my state eligible for an EIDL related to COVID19?

Ａ：Yes, those suffering substantial economic injury in all 50 states, DC, and the territories may apply for an EIDL.

Ｑ：What is an EIDL and what is it used for?

Ａ：EIDLs are lower interest loans of up to $2 million, with principal and interest deferment available for up to 4 years, that are available to pay for expenses that could have been met had the disaster not occurred, including payroll and other operating expenses.

Ｑ：Who is eligible for an EIDL?

Ａ：Those eligible are the following with 500 or fewer employees:
• Small business concerns (including sole proprietorships, with or without employees).
• Independent contractors.
• Cooperatives and employee owned businesses.
• Private non-profits.
• Tribal small businesses.

Ｑ：Who is eligible for an Emergency Economic Injury Grant?

Ａ：Those eligible for an EIDL and who have been in operation since January 31, 2020.

Ｑ：How long are Emergency Economic Injury Grants available?

Ａ：January 31, 2020 – December 31, 2020. The grants are backdated to January 31, 2020 to allow those who have already applied for EIDLs to be eligible to also receive a grant.

Ｑ：If I get an EIDL and/or an Emergency Economic Injury Grant, can I get a Paycheck Protection Program (PPP) loan?

Ａ：Whether you’ve already received an EIDL unrelated to COVID-19 or you receive a COVID19 related EIDL and/or Emergency Grant between January 31, 2020 and June 30, 2020, you may also apply for a PPP loan. If you ultimately receive a PPP loan or refinance an EIDL into a PPP loan, any advance amount received under the Emergency Economic Injury Grant Program would be subtracted from the amount forgiven in the PPP.

News Source：【Representative Xochitl Torres Small 2020/03/31】