WebJul 31, 2024 · What counts as a low-income area? The SBA looks at your census tract to determine if your business is located in a low-income area. Census tracts are areas within a county with a population of about 4,000 people — though it can range from 1,200 to 8,000. WebYou can use the Map to determine and document your eligibility for the Historically Underutilized Business Zones (HUBZone) Program run by the Small Business …
New SBA Recovery Sector Loan program proposed - Finder
WebDec 15, 2024 · What Low-Income Community Means A targeted EIDL advance low-income community grant means that your business must be in an area where: More than 20% of the families in the community are at or below the poverty level The average family income in the community is 80% or lower than that of the state WebMay 21, 2024 · The SBA has said previously that it is bound by Congress to use a specific low-income neighborhood map to target businesses hardest-hit by the pandemic, and not … read house thanksgiving
SBA Launches Supplemental Targeted Advance for Small …
WebFeb 22, 2024 · Applicants do not need to take any action at this time. SBA will reach out to those who qualify. To help applicants determine if they are located in a low-income … WebSep 14, 2024 · The business address must bein a low-income community to qualify, so SBA encourages you to check the map before you apply; and Can prove more than a 50% economic loss during an eight-week period beginning on March 2, 2024, or later, compared to the same period of the previous year. WebApr 26, 2024 · WASHINGTON – The U.S. Small Business Administration launched a new round of Economic Injury Disaster Loan (EIDL) assistance – called Supplemental Targeted Advances – on April 22, 2024 that will provide $5 billion in additional assistance to 1 million small businesses and nonprofit organizations that have been most severely affected by … read how to get my husband on my side novel