Applying for EIDL Grant and PPP forgivable loan for Dojos

Hey all, we know a lot of dojos are now struggling due to the lockdown, so we put together this list of resources and information on how to apply for them. If you are an organization, PLEASE consider providing this information to your dojochos.

On March 27th, 2020, the CARES Act was signed into law in the US, a large stimulus package to help tide the economy over while the country ceased all but a few essential activities. Gyms and schools were locked down, which means dojos around the country lost their primary source of income. (There may be bad news on the horizon for those who had been planning on continuing to charge memberships to make it up later—the NY attorney general ordered a franchise chain of gyms to stop charging memberships but has not yet done so for any other membership based businesses. This may change at any time and other states may follow suit. Please speak with your lawyer to make sure you are within regulations.)

Given the dire situation, here are relevant portions of the CARE Act that may help dojos tide this period over, especially if you have pressing payments due such as rent, mortgages, property taxes, payroll, and utilities related to the operation of the dojo.

EIDL 10k Grant – Part of the application process for the EIDL Loan. Information and apply here. This 10k loan is essentially a grant since if it is used towards the expenses of the business, it does NOT need to be paid back. Takes 10-15 minutes to apply. Everyone is eligible for the grant, whether or not your EIDL loan is approved. (*It was meant to be a stop gap measure while businesses applied for other loans but there has been issues with its execution, and is now for “up to 10k.” Update: They have added a new measure that it is now 1k per employee, and the owner is considered an employee. A credit pull will occur, so please be aware of that.) MAKE SURE YOU WRITE DOWN YOUR CONFIRMATION NUMBER SINCE NO CONFIRMATION EMAIL IS BEING SENT.

EIDL Loan – Low interest, the first 25k of the loan does not need collateral. Includes the process for the 10k grant.

PPP (Paycheck Protection Program) – done through your local bank (some have been saying small banks are better and faster than the big banks) and a portion will be forgiven IF used to keep your employees on payroll.

However, it may not be worth it if you qualify for unemployment, which now covers sole proprietors during this pandemic.

Good luck! Speak to your accountant if you need help!

Update: Once you receive this email the EIDL grant should hit your account within 24hours, Sole proprietorships still count as 1 employee and partnerships as 2. They have now decided its going to be 1k per employee up to 10k. It is not too late to file so please do.

Dear Applicant,

On March 29, 2020, following the passage of the CARES Act, the SBA provided small business owners and non-profits impacted by COVID-19 with the opportunity to obtain up to a $10,000 Advance on their Economic Injury Disaster Loan (EIDL). The Advance is available as part of the full EIDL application and will be transferred into the account you provide shortly after your application is submitted. To ensure that the greatest number of applicants can receive assistance during this challenging time, the amount of your Advance will be determined by the number of your pre-disaster (i.e., as of January 31, 2020) employees. The Advance will provide $1,000 per employee up to a maximum of $10,000.

You may be eligible for another loan program, the Paycheck Protection Program, which is available through participating lenders. Below is a comparison of the two loan programs:

                                 Paycheck Protection Program                  Full EIDL Loan


Forgivable if used for payroll (minimum of 75% of the funds received) and the remaining for certain operating expenses (amount of any EIDL advance is not forgivable)

To meet financial obligations and operating expenses that could have been met had the disaster not occurred (amount of any EIDL advance is forgiven)


Up to $10 million

1% interest rate

Up to $2 million

3.75% for businesses

2.75% for non-profits



NO – EIDL Loan

YES – EIDL Advance


2 years

30 years


Deferred 6 months

Deferred 1 year

To locate a Paycheck Protection Program Lender, please visit:

Information on available resources may be found at For more information on these services, please go to to locate the email address and phone number for the nearest SBA district office and/or SBA’s resource partners.

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All SBA programs and services are provided on a nondiscriminatory basis. Reasonable accommodations will be made if requested at least two weeks in advance

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You can be forgiven if you use your funds 75% to payroll and 25% to other expenses during a set amount of time. A few things to note:

  • Sole proprietors ARE ELIGIBLE and pass through income entities should check their Schedule C on their personal tax returns which acts as their “payroll.” Talk to your accountant about how you should calculate how much per week to pay yourself based on your schedule C.
  • If you are an S Corp or C Corp, unfortunately unless you had yourself on payroll, you would not be eligible.
  • Be wary of using big banks—they have backlogs and add lots of requirements as well. You still can but I have been in contact with lots of people who have had issues with them.
  • PPP Loan Forgiveness Application has been released: