| The CARES Act of 2020 simplified the EIDL program application process and allowed small businesses to receive a payroll advance of up to $10,000. If you applied before March 29th 2020 and your confirmation number starts with a “2” it’s wise to reapply. When you do you will receive a new confirmation number starting with a “3”. You will not lose your original place in line. Reapplying provides these benefits:
· Your application is incorporated directly into the faster, upgraded application processing system and doesn’t need to be moved over from the older system. · You can request an advance of up to $10,000 ($1,000 per owner/employee).
Contact your local Small Business Development Center for more information: |
