The initial COVID-19 EIDL program offered coverage for up to 24 months of economic injury with a maximum loan cap of $500,000. If you are awarded funds through an EIDL loan program, you could spend those on working capital and regular expenses like healthcare benefits and rent
1.The business must have been in operation on or before January 31, 2020. 2.The business must have a valid IRS-issued Taxpayer Identification Number . 3.Owners, members, or partners that own more than 20 percent of the business must be U.S. citizens, non-citizen nationals, or qualified aliens with a social security number.