What does the EIDL low-income qualification mean?
Here is how it is currently calculated. This is for illustrational purposes only and the SBA will reach out to you if you're in a qualified area. We have based the calculation on the rules we currently see, but the rules may change.
Even if you don't qualify you may still be able to get the full $10,000 EIDL grant. We're awaiting final SBA guidance.
Yes, Your Address Qualifies: This means that the census tract you're in either A) has a poverty % 20% or greater OR B) has an average household income that is 80% or less than the state median household income.
Your Address Doesn't Qualify: This means that your address doesn't meet the above criteria.
📌 This is for illustrational purposes only, and the SBA may further refine exact guidance on what qualifies as "low-income". This is meant to help give you an idea of what to expect.
⭐ NEW MAP: A policy organization has published a map to help you lookup your address as well. While most of the data is the same, some is different so you may also want to check their map as well. ️
You'll still need to qualify based on other criteria which includes: demonstrate 30% revenue loss over an 8 week period between this year and last year and have less than 300 employees.
The Latest EIDL Grant Updates
Friday June 4, 9:00am EST: The SBA has started inviting new people to apply for the $10K Targeted and $5K Supplemental EIDL grants. Here's how many EIDL grants have been distributed in your state so far. Plus, 4 alternatives to EIDL grants if you're tired of waiting — and last week's funding and grant recap.
Monday February 8, 1:00pm EST: A few important updates today. Over the weekend, we covered new EIDL Loan information (including increases and reconsiderations) and last week we covered that new Targeted EIDL Grant Application (if you are invited, otherwise, you'll still need to wait for SBA to contact you.
In the meantime, if you want more help with grants and loans (besides the SBA opportunities) start a free 15 day trial here.
Tuesday February 2, 11:55pm EST: The SBA has started to send emails to folks for Targeted EIDL Grants, we've just covered it here. In the meantime, if you want more help with grants and loans (besides the SBA opportunities) start a free 15 day trial here.
Tuesday January 26, 5:00pm EST: No updated news from the SBA today regarding EIDL grants contact and distribution, however, new video posted below.
- If you'd like early access to other state-level grant information, start a free 15 day membership trial here. We'll be releasing new grant information to members in the coming days.
- We're publishing quick daily updates on our Instagram page here.
Tuesday January 19th, 10:36am EST: Now SBA EIDL grant updates this morning. The major PPP lenders are now live! We recommend applying through Bluevine with our partner link, which has the simplest and quickest form. If Bluevine doesn't work for you, you can also apply through our partner Funding Circle or our partner Credibly.
Monday January 18, 11:00am EST: Unfortunately, the SBA did not update their website last night with new instructions, as they had said they would. We'll continue to monitor all day and will send you a push notification if and when further instructions become available. For now, there are three things you can do:
- Get early access to PPP lenders by starting our free Skip trial
- Calculate how much you might be eligible for in total SBA funding
- Follow us on Instagram and Twitter where we'll also be sharing updates
Sunday January 17, 11:15am EST: We're still awaiting guidance from the SBA, expected sometime today. Our personalized EIDL & PPP concierge service is now open, spaces are limited. Start our free Skip Plus trial and you'll get help navigating the PPP & EIDL process, and get early access to PPP lenders. You can follow us on Instagram as well, where we'll be posting updates.
Finally, we've just released our EIDL grant and PPP calculator today. Quickly see what you might be eligible for here.
Friday January 15, 11:30am EST: We're still awaiting guidance from the SBA, expected on Sunday.
Wednesday Jan 13, 9:30pm EST: No updates from the SBA, and the latest information a new form will go live on Sunday, January 17.
Jan 13, 11:40am EST: No updates from the SBA, and the latest information a new form will go live on Sunday, January 17.
Tuesday Jan 12, 11:30am EST: No updates so far from the SBA on EIDL Grant Applications today.
Monday Jan 11, 10:30pm EST: No more updates today from the SBA on EIDL Grant Applications.
Jan 11, 5:45pm EST: Still no news or updates from the SBA. The SBA has announced the PPP opening, which is open today for community financial institutions only, and for first time PPP applicants.
Here's a release of more SBA data on who received EIDL grants in the first round, state level data.
Jan 11, 4:00pm EST: Still no news or updates from the SBA but we've just posted our daily video update.
Jan 11, 11:28am EST: Still no news or updates from the SBA. We'll keep you posted!
Jan 11, 1:49am EST: We'll update more as necessary since there's no new news to report at the moment. Have a great start to your week!
Jan 11, 1:16am EST: There has been an update on the SBA site but not about EIDL grants. Around 1am EST they added a press release (below) about — frankly — nothing. It's basically is a message from Jovita Carranza saying "now SBA is working expeditiously to implement the newly enacted assistance" for debt relief for people who need to make loan payments to the SBA. Again, nothing much, we're surprised it warranted a 2 paragraph late night press release. And it's nothing related to EIDL grants.
Jan 11, 1:04am EST: Midnight Central Time update from the SBA? Not yet!
Jan 11, 12:42am EST: We're going to stay here and monitor, since it's still possible there might be a post-midnight site update. Have you posted our tracker on Facebook yet so your friends can be in the know when the grants go live? BTW, if you want to cover your bases, we're posting updates on our Instagram and Twitter too.
Jan 11, 12:30am EST: We were anticipating a "dump" from the SBA around midnight Eastern, since this is what happened on March 29th, 2020. However, there are no indications across their site that they've deployed any changes (including new rules or forms) yet. We'll continue to monitor, but these may come in the morning as a press release or later on Monday.
Jan 11, 12:23am EST: Back again? Still no updates. While we're waiting on the updates, help out a friend by sending them the tracker too.
12:05am EST: No updates from the SBA so far, but we'll keep you posted. All we expect is a rules update and clarification sometime today (Monday).
Sunday Jan 10, 11:35pm EST: We're expecting the SBA to release guidance either tonight or tomorrow. We'll update this page as soon as information becomes available.
In the meantime, visit our other trackers for stimulus, PPP, and vaccine information.
Sunday January 10th Update
We have compiled a quick guide to everything you need to know about the EIDL grant, EIDL loan, and PPP loan programs right here and we've covered it in today's video (below)
Past Videos and Updates
EIDL Loan Balance and Interest Lookup
Here's the link to the SBA website to check your EIDL loan status, balance, and interest: https://caweb.sba.gov/cls/dsp_login.cfm
Latest EIDL Grant Progress Video
SBA EIDL Grant Updates and EIDL Timeline
Friday, January 8, 2021
No action as of today and no updates from the SBA
Thursday, January 7, 2021
No action as of today and no updates from the SBA
Wednesday January 6, 2021
No action as of today and no updates from the SBA
Tuesday January 5, 2021
No action as of today and no updates from the SBA
Monday January 4, 2021
No action as of today and no updates from the SBA. The SBA did announce the largest expansion of their women's business center program today and there's a free webinar on Thursday January 7th. This is geared to helping women-owned small businesses and is a great resource.
Sunday January 3, 2021
No action as of today and no updates from the SBA
Saturday January 2, 2021
No action as of today and no updates from the SBA
Friday January 1, 2021 Happy New Year!
No action as of today and no updates from the SBA
Thursday December 31, 2020
No action as of today and no updates from the SBA
Wednesday December 30, 2020
As of now, there is now action by the SBA on next steps. Stay tuned for instructions or required actions.