The Small Business Association Economic Injury Disaster Loans (EIDL) and Loan Advance are available to businesses that have been impacted by COVID-19 (including Doctors of Chiropractic). This program includes an emergency advance of up to $10,000 to small businesses affected by COVID-19. To access the advance, you must first apply for an EIDL and then request the advance. Our research shows the advance does not need to be repaid, but you will verify that through this process. The funds may be used to keep employees on payroll, to pay for sick leave, meet increased production costs due to supply chain disruptions, or pay business obligations, including debts, rent, and mortgage payments. You may also qualify for funds above the emergency advance to help your practice. 

There is a lot of confusion about the types of loans available, and some think they must maintain their employees to be eligible. While this may be true for some loans, this advance and loan do not require you to keep your employees. This loan is to structured to give immediate assistance to businesses that have seen an economic impact due to COVID-19. You must qualify as one of the business types below and be able to certify the second list of criteria to be eligible.  

  • Choose your business type:
    •Applicant is a business with not more than 500 employees.
    •Applicant is an individual who operates under a sole proprietorship, with or without employees, or as an independent contractor.
    •Applicant is a cooperative with not more than 500 employees.
    •Applicant is an Employee Stock Ownership Plan (ESOP), as defined in 15 U.S.C. 632, with not more than 500 employees.
    •Applicant is a tribal small business concern, as described in 15 U.S.C. 657a(b)(2)(C), with not more than 500 employees.
    •Applicant is a business, including an agricultural cooperative, aquaculture enterprise, nursery, or producer cooperative, that is small under SBA Size Standards
    •Applicant is a business with more than 500 employees that is small under SBA Size Standards
    •Applicant is a private non-profit organization that is a non-governmental agency or entity that currently has an effective ruling letter from the IRS granting tax exemption under sections 501(c),(d), or (e) of the Internal Revenue Code of 1954, or satisfactory evidence from the State that the non-revenue producing organization or entity is a non-profit one organized or doing business under State law, or a faith-based organization.

  • Review and Check All of the Following, Applicant must review and check all the following: 
    •Applicant is not engaged in any illegal activity (as defined by Federal guidelines).
    •No principal of the Applicant with a 50 percent or greater ownership interest is more than sixty (60) days delinquent on child support obligations.
    •Applicant is not an agricultural enterprise (e.g., farm), other than an aquaculture enterprise, agricultural cooperative, or nursery.
    •Applicant does not present live performances of a prurient sexual nature or derive directly or indirectly more than de minimis gross revenue through the sale of products or services, or the presentation of any depictions or displays, of a prurient sexual nature.
    •Applicant does not derive more than one-third of gross annual revenue from legal gambling activities.
    •Applicant is not in the business of lobbying.
    •Applicant cannot be a state, local, or municipal government entity and cannot be a member of Congress.

Contact your accountant to see if a SBA EIDL is right for you. Or you can visit for more information to start the application process.