The answer is no, you cannot receive the EIDL grant twice. According to the SBA, the grant is designed to provide a one-time payment to eligible small businesses to help alleviate the economic impact of the pandemic. If you have already received the grant, you cannot receive it again, even if your business continues to struggle due to the pandemic.
The Small Business Administration (SBA) offers various grants to help small businesses grow and succeed. One such grant is the Economic Injury Disaster Loan (EIDL) grant, which is designed to help small businesses affected by the COVID-19 pandemic.
With many small businesses struggling due to the pandemic, it is understandable that business owners are curious about their eligibility for this grant. One question that has come up frequently is whether you can receive the EIDL grant more than once.
It is important to note that the EIDL grant is separate from the EIDL loan. The loan is a longer-term loan designed to help small businesses recover from economic injury caused by the pandemic.
If you have already received an EIDL loan, you may still be eligible to receive the EIDL grant, as long as you haven’t received the grant before. However, if you have received both the EIDL loan and the grant, you cannot receive the grant again.
There are other SBA grants available to small businesses, and you may be eligible to receive these grants, even if you have received the EIDL grant before. For example, the SBA offers grants for specific industries, such as agriculture and rural businesses, and for specific purposes, such as research and development.
If you’re interested in applying for a different SBA grant, be sure to check the eligibility requirements and any other restrictions, as they may vary from grant to grant.
The EIDL grant is designed to provide a one-time payment to eligible small businesses affected by the COVID-19 pandemic. If you have already received the grant, you cannot receive it again, even if your business continues to struggle.
However, there may be other SBA grants available to small businesses, and it is worth exploring these options if you’re looking for additional support.