The EIDL $10,000 Cash Advance Is Back | Everything You Need to Know

The EIDL $10,000 Cash Advance Program is back!
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The EIDl $10,000 Cash Advance Program is back for eligible business owners, gig workers, and sole props. So, let’s breakdown what the newest bill passed by lawmakers means for you, the EIDL program, and a $10,000 grant.

00:00 - Intro
00:23 - $900 Billion Stimulus Bill Passed
01:00 - 2 Things to Note
02:01 - What is the EIDL Program?
04:12 - $20 Billion Going to the EIDL
04:26 - $20 Million to EIDL Regulation
04:44 - 3 Day Timeline Redacted
05:17 - Eligibility Requirements
06:36 - Denial Details
06:42 - $10,000 Cash Advance
10:25 - EIDL Cash Advance Timeline
11:08 - EIDL Loan Program
11:30 - SBA Guidelines to be Released in 15 Days
12:29 - In Summary
13:35 Closing

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Read the CARES Act Here (bill from March 2020):
https://www.congress.gov/bill/116th-congress/senate-bill/3548/text#toc-id32D8206FB15E48D3A20E3C67A1E60204

Read the NEW Bill Here:
https://www.cnn.com/2020/12/21/politics/new-covid-stimulus-bill-text/index.html

Various other sources:
https://www.sba.gov/document/policy-guidance--small-business-act
https://www.sba.gov/document/policy-guidance--small-business-act

I am not a CPA, attorney, lender, or financial advisor. The content in these videos should not be construed as tax, legal, or financial advice...etc, and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a YouTube video for entertainment purposes ONLY. IF stocks or companies are mentioned, Aubrey may have an ownership interest in them – Please do not make buying or selling decisions based on Aubrey’s videos. If you need advice, please contact a qualified professional.

#EIDL #Stimulus #PPP

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