UncategorizedEIDL Assistance

June 16, 2020by Mikerash0

Update as of 16 – June – 2020- THE EIDL ADVANCE IS OPEN TO ALL APPLICANTS! (Many of our clients are currently seeing approvals within 24-48 hours at this time!)

MCDA is submitting and can provide same-day confirmation numbers for the Economic Injury Disaster Loan (“EIDL”) & Grant Program. We have successfully provided funding for hundreds of our clients so far in round 2 of the COVID-19 Government Stimulus Plan for the EIDL. Our team is providing support around the clock while government funds are still available. Should you wish to apply and take advantage of both of these fully forgivable programs, it is imperative that you contact us as soon as possible.  

US Small Business Administration PPP / EIDL Data as of June 15, 2020

(1) The Economic Injury Disaster Loan Advance (“EIDL”) Summary

  • Advances Disbursed:                            3.245M at a total dollar amount of $10.71B (Approx. $9.29B Remaining)
  • Nationwide EIDL Loans Approved:     1.333M at a total dollar amount of $90.93B

EIDL Advance & Loan Next Steps:

  • If you have not yet applied: CONTACT US ASAP!
  • If you have applied and require further assistance or would like help with the loan portion after receiving your advance, please contact us by calling 714-872-2393
  • Full-forgivable advance up to $10K
  • In addition to the advance, The EIDL can provide up to $2M of financial assistance in the form of a loan with no fees and terms based on your financial ability to repay the loan. 

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