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  • About Us
    • Our Team
    • Board of Directors
    • Committees >
      • Business Economic & Equity Committee
      • Business Owners Group
      • Government Affairs - Advocacy in Action
      • Veterans & Business
      • YP Committee
    • Facility Rentals
  • Events & News
    • Biz Buzz Blog
    • Chamber Calendar
    • Community Calendar
    • Webinar Archive
    • Nominate
    • Community News
    • Sponsor
    • Host
  • Membership
    • Business Directory
    • JOIN NOW!
    • Why Join?
    • Member Discounts
    • Member to Member Coupons
    • Advertising
    • Send Out a Bid
    • Member Login
    • Testimonials
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  • Chamber Foundation
    • History
    • Foundation Board of Directors
    • Get Involved
    • Programs >
      • Leadership Delaware County
      • Magnifying Manufacturing
      • Youth Leadership Academy
  • Local Information
    • COVID-19
    • Advocacy in Action
    • Business Resources
    • County Government
    • Visit Delco, PA
    • Elected Officials
    • Job Bank
    • Shop Delco, PA!

Biz Buzz
CHAMBER BLOG

ECONOMIC INJURY DISASTER LOANS: Accessing Emergency $10,000 Grant

4/2/2020

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Apply for the Economic Injury Disaster Loan
apply
How can I access an EMERGENCY $10,000 GRANT?
  •  Eligible applicants for an EIDL can receive a $10,000 emergency grant within three days of application (through Dec. 31)
  •  There is no obligation to repay the grant. To receive the $10,000 emergency grant, it is not necessary to have an approved EIDL loan. However, if you are able to secure a PPP loan, the $10,000 grant will be subtracted from the forgiveness amount

NOTE: The Paycheck Protection Program (PPP) created by the CARES Act prohibits borrowers from taking out two loans for the same purpose. For more information on PPP loans, visit uschamber.com/sbloans 

About the Economic Injury Disaster Loans:
The Coronavirus Aid, Relief, and Economic Security (CARES) Act expands the Small Business Administration’s long-standing Economic Injury Disaster Loan Program (EIDL). The EIDL program was created to assist businesses, renters, and homeowners located in regions affected by declared disasters.


Source: U.S Chamber of Commerce's Guide to SBA's Economic Injury Disaster Loans 

Additional Economic Injury Disaster Loan Resources: 
  • Who is Eligible? 
  • Loan Perimeters
  • Small Business Owners Guide to the CARES Act 
  • Delaware County Chamber of Commerce COVID-19 Resource Page
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