The deadline to apply for the Targeted EIDL Advance and Supplemental Targeted Advance is December 31, 2021. The Targeted EIDL Advance is a maximum credit of $10,000 with any formerly received EIDL Advance funds subtracted from this amount. The Supplemental Targeted Advance is $5,000 and has more strict eligibility requirements. The eligibility requirements for these advances include that the practice:
- Is located in a low-income community. (Based on the SBA’s mapping tool located here: https://sbaeidl.policymap.com/ )
- Can demonstrate more than 30% reduction in revenue after March 2, 2020 (50% for Supplemental Targeted Advance)
- Has 300 or fewer employees (10 or fewer for Supplemental Targeted Advance)
If you believe that you qualify for the Targeted EIDL Advance and/or the Supplemental Targeted Advance, the link to apply is the following: https://www.sba.gov/funding-programs/loans/covid-19-relief-options/eidl/targeted-eidl-advance-supplemental-targeted-advance#section-header-0