- July 9, 2021
- Posted by: Stratford Team
- Category: Business
DALLAS (CBSDFW.COM) – The federal government still has billions of dollars in Covid aid left over for small businesses in low-income areas.
Tens of thousands of North Texas business owners likely qualify for federal grants up to $10,000 but few have applied for it.
The U.S. Small Business Administration sent emails to more than 11.8 million small businesses inviting them to apply for Targeted EIDL Advances.
Only businesses that receive an invitation can apply.
So far, less than one in five businesses that received an invitation email have applied and far fewer have received any of the funds.
Only $2.25 billion out of the $30 billion allocated for the Targeted EIDL Advances has made it into the hands of struggling business owners.
“There’s a lot of money still out there and there are small businesses that are still struggling,” said SBA District Director Herbert Austin.
Despite most Texas businesses being fully open, many are still struggling…
