EIDL Update!: The EIDL Grant is DEAD | $1,000 Grants No Longer Issued by SBA

The SBA just announced that they are no longer taking applications for the EIDL and will not be giving out EIDL grants.

*Like the video for breaking news!*

**Comment below: Did you apply for the EIDL?**

Previously, the SBA received $60B in additional stimulus funding. This stimulus bill funding was supposed to go to fund new EIDL grants, which were $1000 - $10,000 stimulus checks for businesses.

The EIDL grant was for independent contractors, self employed individuals, gig workers, and business owners. EIDL loan recipients would receive a grant, or a forgivable loan, just for successfully applying for an EIDL.

You did not need to pay the EIDL grant back, and the EIDL was completely free. It was just like a stimulus check!

But an SBA spokesperson announced that they are no longer taking new EIDL applications. Why? Because there was a backlog of EIDL applications from the first stimulus bill round, and there was not enough stimulus money for everyone in that round. So NEW applicants will not receive any EIDL grants because the SBA is prioritizing its applicants on a first come, first served basis, and there are still BILLIONS of dollars of unfunded EIDL grants from the first stimulus round.

News article:

But there is something I think EIDL grant applicants can do to benefit from the stimulus bill. Watch the video to find out!

Unemployment Insurance 101 ($600/week):
$2,000 per Month Stimulus Proposal?:

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Disclaimer: this video is for entertainment purposes only. This is not financial or legal advice. Make your own decisions.

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