The $10,000 from the Targeted EIDL Advanced Grant can be useful for eligible business owners to have a new beginning with their respective businesses. The financial assistance from the said program can be used within a wide and broad range of things related to business.
It includes payroll and benefits, rent, and utilities, fixed debt payments, or even capital to start over after the great loss from the pandemic. However, there are some restrictions for the funds of the Targeted EIDL Advanced Grant.
Business owners cannot use the financial aid bonuses, dividends, relocating, expanding facilities, or acquiring fixed assets. These aspects are not the priorities of businesses as they’re impacted by the pandemic. Small business owners must be wise upon using their respective Targeted EIDL Advanced Grant.