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004 – UPDATE AS OF APRIL 7, 2020: COVID-19 ECONOMIC INJURY DISASTER LOAN (EIDL)

Posted On April 13, 2020
Posted By Jeong Ku Hwang


Some physicians asked for a PDF of the EIDL Application as the online version is very long and hard to see all the information at once. We made a PDF for you: EIDL Application.

QUICK FACTS

COVID-19 Economic Injury Disaster Loan (EIDL)
- Grant is up to $10,000.
- Can be used for payroll, rent, and utility.
- No repayment needed for up to $10,000. Cannot double dip with other SBA loan forgiveness amount, e.g. PPP Loan.
- More information, click here.
- To apply for a COVID-19 Economic Injury Disaster Loan, click here. Or you may gather information first with this PDF EIDL Application.
- Tip: Apply for the loan and then ask for the Advance. The turnaround time should be about 3 days.


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