The US Small Business Administration (SBA) this week officially relaunched the Economic Injury Disaster Loan program (EIDL) under its new name: Targeted EIDL Advance. Part of the initial CARES Act in 2020, the program quickly exhausted its funding, but was replenished back in December with an infusion of additional funds along with more targeted eligibility criteria. Businesses may be eligible if they are located in low-income communities and have experienced a 30% reduction in gross receipts during any 8-week period between March 2, 2020 and December 31, 2021 compared to a comparable 8-week period before March 2 or in 2019. Qualified businesses also must have been in business before January 31, 2020 and have fewer than 300 employees. The program provides up to $10,000 in outright grants. Those businesses that may have already received a grant of less than the $10,000 program limit may also be eligible to apply for the remaining balance of the full $10,000 grant.