When will the SBA begin sending email invites to the first priority group?
The SBA will begin sending email invites to businesses and nonprofit organizations that received the
EIDL Advance in an amount less than $10,000 starting on February 1, 2021. It may take several
weeks before all emails are sent to businesses in the first priority group so please do not be alarmed
if you do not receive your email invite right away.
https://www.sba.gov/sites/default/files/2021-02/Targeted%20EIDL%20FAQ_Final-508_0.pdfWhile I am waiting for the SBA invitation to apply for the Targeted EIDL Advance, what are
some things I can do to prepare to apply?
If you have not yet filed your 2019 Federal Tax Return, you should complete that process. You will
also be required to provide the business’ monthly gross receipts
for each month from January
2019 through the most recent month-to-date period. This information will be used to determine
that your business meets the greater than 30 percent reduction in revenue requirement during an
8-week period beginning on March 2, 2020.
8. What documentation will I need to provide?
Applicants who meet the low-income community criteria will be asked to
provide gross monthly
revenue for January 2019 through the most recent month-to-date period (all forms of combined
monthly earnings received, such as profits or salaries) to confirm the reduction in revenue. They
may also be asked to provide an IRS Form 4506-T to allow the SBA to request tax information on
the applicants’ behalf. Tax verification process and requirements for businesses in U.S. territories
may differ.