Targeted EIDL Advance

Many commercial real estate investors and small businesses had been hit very hard by the covid-19 situation. Many countries are severely impacted, and some businesses also have received the small business administration targeted loan application.

On this page, I will be discussing about the SBA advance loan and the step-by-step process to get the loan.


Applicants for the covid-19 economic injury disaster loan are eligible to receive approximately $15000 from SBA with its imperative factors is that, it does not need to be repaid to the SBA. The agency has already sent more than 800000 emails to businesses that have already applied for EIDL loan.

To receive an advance payment, you first have to apply for covid-19 SBA EIDL advance. No need to accept or approve the loan. You can simply apply for the loan and SBA will automatically invite you through email to get your advance payment.

The agency have approved 3 million 83 lakhs of disaster loans of about $300 billion.

EIDL grant 2021 loan for non-taxable expenses, non-reduce expenses, and also non-reduced PPP forgiveness.

Eligibility for EIDL targeted advance

Prior to applying, make sure your location is under the low income area.

  • This is identified under the section 45(D) of the Internal Revenue Code. In order to identify whether you qualify, check for the SBA EIDL Map.
  • There has to be at least 30% reduction in revenue within the 8 weeks time frame. This begins from Mar 2, 2020 or post.
  • Applicable for those who have applied prior to Dec 27th, 2020 but didn’t received the Advance because of insufficiency in fund raising.
  • Business owner must possess 300 or less number of employees

Targeted EIDL advance

The targeted economic injury disaster EIDL loan advance provides up to $10000 to applicants those who:

  • Are in a low-income community: To help every applicant who comes under the low-income area is provided with a mapping tool and is defined in section 45D of the internal revenue.
  • Can demonstrate more than 30% reduction in revenue: On 8 March 2020, if any applicant gets into the low-income area then they will be added to that criteria also it will be necessary to provide monthly revenue proof for a 30% reduction.
  • Have 300 or fewer employees:

The applicants who are eligible for the ideal program are mainly business entities. They include contractors’ private organizations, enterprises, proprietors, or any non-profit organization.

All the details from SBA will be directly sent from SBA’s official email account which ends with

Do I qualify for the eidl grant 2021?

The supplemental EIDL targeted advance gives a supplemental payment of $5000 that does not have to be paid again. No matter if you have previously received the ideal advance still you are eligible for getting the advance again.

Prior to applying for the loan one need to ensure that your business meets these criteria:

  • Is located in a low-income community
  • You can easily use any mapping tool to check if your business comes under a low-income community as stated in section 45d of the internal revenue code. Also, don’t forget to check the business address which must be in a low-income community to get qualified to apply for a loan.
  • Can prove more than 50% economic loss
  • During 8 weeks, applicants are required to provide gross monthly revenue in every current month.
  • Has 10 or fewer employees

Supplemental targeted advances are easily available to sole proprietors, independent contractors, private organizations, non-profit organizations, and others that may also qualify for the ideal loan program.

The main difference is that in supplemental targeted advance farmers and ranchers are not eligible to take loans so they can apply for covid-19 EIDL advance 2021 loan program

SBA advance funds returned by banks

When Bank returns the loan amount to SBA, the loan do not immediately re-disburse.

SBA is working to fix this issue.

Information for applicants

After applying for a loan check the status of your application through the covid-19 EIDL loan 2021 applicant portal. If you cannot see your status, you can directly contact the customer care of SBA disaster at 800-659-2955 or through email at to request a new invitation.

Keep in mind that this loan process may take several days. If your application is declined due to any issue then you can send an email to

No need to worry if your application was denied, you still have a 45-day window to appeal the SBA determination but still, before you begin the loan process you must consult an advisor.

What information should a company include for applying for the loan?

  • Full name of the company
  • Mobile number, name address email of your business
  • Business location and branches
  • Business statement
  • Company gross profit and loss
  • Reason for loan
  • Statement of the relief
  • Signature of the business owner

How to apply for the new $2 million loan?

If you haven’t applied for any loan in the past then you have to do a new application.

  • Go to the SBI website and scroll downs where it says EIDL.
  • Now just click on “Apply here” red colored button
  • Now one can be redirected to the application, fill the application and start the targeted EIDL advance

Even if you have already applied for a loan and received it, you can still apply for a new increase in the loan.

  • You should sign in to SBA portal account
  • There is a blue button that says “request more funds”
  • Just with your mouse click on that and it takes you to the page that says if there have been any change of ownership or bankruptcy in the business you have to tell them and if there are no changes just leave it and click on submit.
  • Then after applying you will receive an email and get your loan fund.

The Bottom Line

The small businesses that are normally in a low-income area and have seen a significant drop in the revenue in the covid-19 pandemic can easily be eligible to get the loan.

You can pay the loan after 6 months or even you can get compensation so, no need to pay the loan back to targeted EIDL grant which will be better for your business.

You can send your appeal by email and once your application is accepted you will get an email from the official SBA. You just have to provide the above-mentioned details for applying and successfully getting a loan.

No need to worry as it will be a government-based loan.