But it also has contractors scrambling to figure out how to tell out if they're in a low income community. • SBA must distribute the Emergency EIDL within 3 days of the request. The new stimulus program, signed into law in the last days of 2020, reopens the door for some aid for independent contractors such as with Doordash, Uber Eats, Lyft, Instacart, Grubhub etc. Alert Note that the Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted December 27, 2020, amended and extended the employee retention credit (and the availability of certain advance payments of the tax credits) under section 2301 of the CARES Act. COVID19 Relief FAQs Responses to Frequently Asked Questions on PPP and EIDL Loans Questions Economic Injury Disaster Loan (EIDL) Paycheck Protect Program (PPP) Why wasn’t I approved? The EIDL is for businesses that have experienced financial losses as a result of COVID-19. On 04/14/20 I recieved an email from SBA informing applicants that the advance amount would be $1000 per employee with a $10,000 max. EIDL assistance is available only to a small business engaged in an eligible business activity. This article was written by u/tahoechick36 , a small business supporter and user of Reddit. It is a low-interest federal loan issued by the SBA to alleviate economic injury small businesses or private non-profits are experiencing injury and, in this case, injury caused by the Coronavirus (COVID - 19). It allows you to see disbursement status and ot You can use the Capital Access Finance System ( CAWeb.sba.gov ) to track your EIDL after your documents have been signed and submitted through funding. General Questions Am I eligible for the COVID-19 EIDL advance and loan as an independent contractor with companies like Doordash, Uber Eats, Instacart, Lyft, Grubhub etc. ? Frequently Asked Questions COVID-19 Economic Injury Disaster Loan (EIDL) 1. Applied for EIDL loan on 04/03/20 application # 33017***** also asked for EIDL grant. -Unsatisfactory credit history -Business activity is not eligible. Economic Injury Disaster Loans – Answers to Frequently Asked Questions March 30, 2020 On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) became law and, among other things, expanded the Small Business Administration (“SBA”) … • A borrower applying for EIDL can request an advance on the loan of up to $10,000 from the Small Business Administration (SBA). FREQUENTLY ASKED QUESTIONS As of 3/27/20 NEW: ECONOMIC INJURY DISASTER LOAN (EIDL) GRANT What is an Emergency EIDL Grant? Answers to the Frequently Asked Questions about the COVID-19 EIDL loans and advance grants. The loan gives up to $2mm in aid to businesses, including a $10,000 emergency cash advance. Economic Injury Disaster Loans (EIDL) What is an Economic Injury Disaster Loan? 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