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Anonymous
Asked a question 10 months ago

The SBA says that the EIDL would be an advance of up to $10,000, which suggests that in some situations a business should expect something below $10,000. In my (paranoid) mind that could be as little as $100. Does anyone have an idea how the SBA determines the advance amounts? And do gross revenues and cost of goods sold play a part in this decision or even in determining if a business is qualified for the EIDL or not? I would like to not waste the SBA's time if my business isn't fully qualified.

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