SBA stands for small business administration and operates in the USA. 50% population of the USA either runs a small business or works in small business ventures and these small businesses create two-thirds of the total new jobs every year in America.
This shows how important small business ventures are in America to keep the financial flow going on smoothly. The covid-19 pandemic definitely hit the small businesses financially and they are struggling to keep their business in operation mode. So small business administration (SBA) is helping them out by providing covid19 relief SBA grant application.
If you are the owner of a small business venture or work for a small business venture or incurred economic loss due to the covid-19 pandemic then you may want to apply for covid-19 relief SBA grant application. Go through the article carefully to know how to apply for covid 19 relief SBA grant application, who is eligible, how much money you can avail yourself through this program, and other details regarding covid 19 relief SBA grant application.
How to apply for SBA grant application 2022?
So if you are physically present in the USA or in the designated territory and suffered financial loss in your business then you may want to apply for small business grants and must be willing to know the required eligibility criteria to apply for the SBA grant application 2022. we are giving complete information regarding eligibility criteria and the documents required to apply for the covid 19 relief SBA grant application 2021
Eligibility criteria for SBA grant application 2022
- The applicant must be physically present in a declared disaster area in America
- Must have suffered financial loss in business due to the covid-19 pandemic
- Must be the owner of an independent business
- Must not have credit available anywhere
- The credit history of the applicant must be acceptable to SBA
- The small business unit should not have more than 500 employees together with its affiliates
- In case it is an agriculture venture, it should not have more than 500 employees.
Documents required to apply for covid 19 relief SBA grant application
An applicant must have the documents mentioned here to apply for the SBA grant application 2023.
- Electronic SBA loan applicatation
- Tax information authorization (IRS Form 4506T)
- Must have income tax return copies
- Schedule of liabilities (SBA form 2202)
- Personal financial statement (SBA form 413)
How to apply for SBA grant application 2023?
If you come under the eligibility criteria for covid 19 relief SBA grant application then you need to follow the given steps to apply for SBA grant application 2023.
- Go to the official website of the US small business administration (SBA)
- Now select apply now
- On the eligibility entity verification page you have to select any one of the given options in which your business comes
- In the review and check all of the following sections check all the boxes and click continue
- On the next page, you have to provide business-related details like business legal name, trade name, organization type, EIN/SSN for solo proprietorship, and other details and click NEXT.
- Now you are brought to a business owner information page where you have to provide details like your personal information, social security number, address, and other required information and click next
- Now you are sent to the additional information page
- Here you are supposed to give information about your character background if you were involved in any forgery criminal activities.
- Now go to the next section and give account information to get the funds
- Here you have to provide the bank name, routing number, and account number of that person whose account you want to transfer the funds in.
- Click the check box given below that you abide by the terms and conditions of SBA and click next
- After completing all the details carefully click submit and your application is submitted successfully.
Check the status of the SBA grant application for 2023
if you have applied for the covid 19 relief SBA grant application and want to know the latest status of your application, you can check out any one of the given options/methods.
By online portal
- By online portal: yes, you can check your application status just by logging in to SBA economic injury disaster loan portal. Just enter you’re your email address or your log in ID and password which you used while filling out the application form.
- You can also access the SBA assistance, here also you need to use your login ID and password and you will be able to see the current status of your application.
- You can also check your application status by phone if you have applied online or through the mail. Just call the SBA disaster assistance customer service number and ask for the current status of your application.
- You can also access your application by mail. Simply mail your query and you will hear from the authority.
SBA grant application 2023 deadline
Applicants who are looking forward to covid 19 relief SBA grant applications can not apply now as the application process has ended on December 31.
Those who applied for SBA grant application 2021 and did not get approval for their application can submit the application for reevaluation. The last date for reevaluation is 15 February.
How to cancel the SBA grant application?
You have applied for the covid 19 relief SBA grant application but later found out that you no longer need SBA loans and want to cancel your SBA grant application. It is easy to cancel your application, just go to the official website and send a mail to [email protected] with your loan name and number.
FAQs related to covid 19 relief SBA grant application
Is the SBA grant still available?
US small business administration has stopped entertaining applications from 01 January. Now you can not apply for an SBA grant.
What is the $10,000 SBA EIDL grant?
The SBA economic injury disaster loan is a scheme for economically weaker sections that suffered financial loss due to covid 19.
How do I track my SBA grant?
You can simply track your application status by using methods like an online portal, mail, and customer care number.