EIDL Grant Update – NEW Date for Grant Release | The Kwak Brothers

EIDL Grant Update – NEW Date for Grant Release

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EIDL Grant Update – NEW Date for Grant Release

Hey Everyone! Here’s the latest EIDL Grant & EIDL Loan update for small business owners. We finally have a date as to when the EIDL Grant is expected to open! The EIDL Grant application will open soon but I want to address questions that you may have about the EIDL Grant program and the EIDL Loan! I’ll provide all the updates and more! SBA EIDL FAQ: https://www.sba.gov/sites/default/files/2020-09/COVID%20EIDL%20FAQ%20FINAL%20APPROVED%20Revisions%20091420-508.pdf Now, here are a couple of the questions I’ve received about the EIDL Loan and the Grant: 1. Can I apply for the EIDL Twice? If your loan application was declined, you have 6 months to be reconsidered. But do not re-apply! You’ll just need your original application number to be reconsidered. If you applied for the EIDL Grant but didn’t get the full $10,000 – you CAN be eligible to receive an additional grant. This is also true if you didn’t get the grant at all. 2. Can I get an Increase on the EIDL Loan? Yes, you CAN get an increase on the EIDL loan! You can also have multiple SBA loans for different purposes.

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