
Is the $10,000 COVID Grant for Small Businesses Still Available?
During the height of the COVID-19 pandemic, small business owners faced unprecedented challenges and the government stepped in with various relief programs. One of those was the $10,000 Economic Injury Disaster Loan (EIDL) Advance, which provided immediate cash to small businesses affected by the crisis. Now in 2025 many small business owners are wondering: is this grant still available?
Status of the $10,000 COVID Grant
The EIDL Advance was a key part of the Small Business Administration’s (SBA) pandemic relief efforts. Unfortunately this program is now closed and no new applications are being accepted. Businesses that applied before the deadline and met the eligibility requirements may still have outstanding claims but no new funds are being disbursed under this program.
If you missed the EIDL Advance or are looking for other forms of financial relief don’t worry—there are still options for 2025.
Financial Relief Options Still Available for Small Businesses
The EIDL Advance program is closed but small businesses can explore other options for grants and financial help:
Self-Employed Tax Credit (SETC): If you are self-employed you may be eligible for the Self-Employed Tax Credit (SETC). This refundable tax credit offers up to $32,220 in relief for eligible individuals who were unable to work due to COVID-19 related reasons such as personal illness or caregiving responsibilities. Learn more and see if you qualify here.
Employee Retention Credit: The Employee Retention Credit (ERC), also known as the Employee Retention Tax Credit, is a relief program introduced under the CARES Act. This refundable tax credit provides financial assistance to businesses affected by the COVID-19 pandemic. To learn more about eligibility and how to claim the ERC before the April 15, 2025, deadline, visit erctaxservices.com.
US Chamber: The US Chamber has an amazing list of 61 grants, loans and programs to benefit small businesses you should check out.
Grants.gov: For a broader range of funding opportunities visit Grants.gov. This government platform lists federal grants for small businesses including industry specific opportunities. Search by keyword (e.g. “small business” or “pandemic relief”) to find relevant options.
How to Get Ready for Grant Applications
Grants require preparation and organization. Here are some tips to help you succeed:
Research: Identify grants that fit your business’s industry, location and needs.
Organize: Make sure your business plan, financials and tax records are current and accurate.
Follow the Rules: Each grant has its own eligibility and application requirements. Read these carefully to avoid being disqualified.
Apply First: Many grants are first come, first served. Apply now to increase your chances.
Get Started: Don’t Miss Out
The $10,000 COVID grant is closed but the Self-Employed Tax Credit (SETC), Employee Retention Credit and other grants are still available to small businesses. These resources are to help businesses recover, grow and thrive in the post pandemic economy.
Ready to learn more about the Self-Employed Tax Credit and how it can help you? Visit our homepage to get started today.