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What You Need to Know About the Economic Injury Disaster Loan & Emergency Advance

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The Economic Injury Disaster Loan (EIDL) Emergency Advance loan advance, provided by the Small Business Administration (SBA), will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties. Small business owners in all US states, Washington DC, and territories may be eligible to apply for an Economic Injury Disaster Loan of up to $2,000,000. The Small Business Administration makes the loan directly, and a $10,000 advance on the loan can be requested as well. This loan advance will not have to be repaid. The advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available

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