Understanding the EIDL, Targeted EIDL Advance, and EEIG
In response to the unprecedented crisis wrought by the coronavirus pandemic, the federal government has expanded financing support through the Economic Injury Disaster Loans (EIDL) program. In addition to making the EIDL program more accessible to businesses that have suffered economic hardship due to the pandemic, 2 grant programs have been added: the EEIG, and the new, targeted EIDL grant.