Greater Summerville/Dorchester County Chamber of Commerce issued the following announcement on December 18.
Targeted EIDL Advance applications will be accepted until December 31, 2021
The Chamber wants our community to be aware of programs like the Targeted EIDL Advance and Supplemental Targeted Advance for the hardest hit businesses and private nonprofits. These funds do not need to be repaid.
For more details on these programs visit:
https://www.sba.gov/funding-programs/loans/covid-19-relief-options/eidl/targeted-eidl-advance-supplemental-targeted-advance
Applicants for the COVID-19 Economic Injury Disaster Loan (EIDL) may be eligible to receive up to $15,000 in funding from SBA that does not need to be repaid. These "advances" are similar to a grant, but without the typical requirements that come with a U.S. government grant.
To receive an advance, you must first apply for a COVID-19 EIDL. You do not need to accept the loan or be approved for the loan to receive an advance. Once you apply for the loan, SBA will invite you via email to apply for one of the advance programs if your business is located in a low-income area (see below for more detail).
Before you apply, please check the map to ensure you are in a low-income area and review the eligibility criteria below.
Original source can be found here.
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