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EIDL Regular vs Loan Advance

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    #16
    Originally posted by Gretel View Post
    To clarify for those who responded to the $10,000 Advance EIDL: Did you, your client actually apply for a loan of a higher amount and if so, how?
    The online application is like a pre-screening application. From what I have read the SBA will do a credit pull, and then be in contact with applicants via email approximately 3 weeks later to take full application. The 10K grant is 1K per employee up to max of 10K.

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