Understanding the COVID-19 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 COVID-19 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.