With screenshots (PII redacted), my SBA EIDL Journey. hbbd```b``OW1D2`)FDHMd]fIk7lvi $A i$Q&gl])>"%h e@ This federal small business loan program supports small businesses' recovery from the COVID-19 disaster's economic impacts by providing accessible and borrower-friendly capital. Once you are ready, click on the "Register with your bank" button at the bottom of the page. Economic Injury Disaster Loans & Grants (EIDL) - COVID Chai+1 Said it could take 2-3 weeks for documents. PDF Targeted EIDL Advance and Supplemental Targeted Advance FAQ Eligible small businesses, nonprofits, and agricultural businesses in all U.S. states and territories can apply. A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. Use r/TargetedEIDL for advance/grant issues. 6/4 - 10 days since portal invite. She confirmed that I was completely approved and that it would take a matter of days to push through my new application, Completed the new application first week of September 2021, Received confirmation that all documents had been received. Ive been on this status since 4/19 and it says everything is completed. Everythings signed. hb```"NVB eama> Q0Awo$RNH1qti5V@vFsu:R|~*0~y*GS^ uwtt00C(D2A!8DP . February 1, 2021. Could be several more weeks but he seemed surprised that it has been 15 days "processing", Stuck in "your application is being processed". As of Oct. 8, 2021, you can apply for an EIDL of up to. She confirmed that I was completely approved and that it would take a matter of days to push through my new application Completed the new application first week of September 2021 Received confirmation that all documents had been received Current Status Since confirmation, I have called multiple times (essentially once/twice each week). The last entry was December 10. 2. But still crickets. Visit www.sba.gov/eidl to learn more about eligibility and application. Stay strong out there. Called, T2 said keep waiting as they are "getting paperwork together", 6/7 - Just spoke with t2. The SBA has all my documents and I've been told verbally by Tier 2 that I've been approved. 04/19/2020: Initial SBA EIDL Loan funded, Terms, Payments to start in 12 months, 3.75% for 30 years, 04/07/2021 at 6.47 am CDT: SBA sends me an 'Increased Loan Limits' email (Image #1). SBA EIDL Grant Timeline: Whichever For Expect With Application Was told approval was waiting on 2nd stage and keep waiting. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Part of me really wants to believe that they're going in "somewhat" order of original EIDL loan date. How Long Were You in "Your Application is Being Processed?" In normal recon prior to April 6 I've been on this status since 4/19 and it says everything is "completed." Everything's signed. "she said your application is being processed, your loan officer will contact you and as far as I can see we receive everything from you the day you apply and we don't have any timeframe to process applications and i ask her about the new SBA timeframe regarding to request transcripts and if they don't get them with certain time she said to me Businesses that applied for an EIDL loan before December 27, 2020 and did not receive any Advance: The second group of eligible businesses are those that applied for an EIDL loan before December 27, 2020, but after grant funding had depleted. Eidl Loan Increase Phone Call May 3-2021 : Eidlppp The SBA started the process of reaching out to these businesses on February 1, 2021. 242 0 obj <> endobj SBA Disaster Loan FAQ - Small Business Development Center All 3 T2's were consistent in saying I had an LO assigned since 4/22 and transcripts requested on 4/22. PDF requently Asked Questions F PDF February 1, 2021 I am waiting patiently for my turn. I applied 1/20 with BlueVine and the literally just submitted my application to the SBA on 2/2. About COVID-19 EIDL By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. My Service Canada Account: How to register with your bank How Long Were You in "Your Application is Being Processed?" Log onto your Account on the SBA Portal to submit a loan modification request to your existing EIDL loan. Receive decision within three weeks 5. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Your application is being processed. I'm in recon due to credit since 7/22, this is from an original application back in May 2020. That was about 1/4 of what was offered. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Since then my account say " Your application is being processed " . A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. The SBA also launched the SBA Economic Injury Disaster Loan Portal to simplify the process of checking loan statuses.
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