In discussions over the past few days, I have realized that there is a lot of confusion in the community about the EIDL Program (Economic Injury Disaster Loan). These are applied for and approved directly at, and you do not go to your bank for them.

  • EIDL Grants (issued up to $10,000) and EIDL loans are separate, and most business owners should be eligible for both.
  • The EIDL Grant program should open up again soon as part of the new Relief Act.  If you did not get the full $10,000 last time, in some cases, you will be able to get the difference when the program opens up again. If you did not apply for a grant at all last time, we also expect that, in some cases, you will get them.
  • EIDL loans have been extended.  We believe that the maximum amount that anybody can get is still $150K.  If you did not get a loan the first round, you can apply now at  If you got one for under $150K, you can submit a reconsideration application for additional funds.
  • If you applied for and received an EIDL grant and got a PPP loan, the EIDL loan will no longer be deducted from your forgiveness application.  If you have already applied for forgiveness and been approved, you can expect the amount of your EIDL grant to be reimbursed to you from your bank or lender over the next few weeks.