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Message
re: EIDL News..anyone receive any response?
Posted on 4/16/20 at 4:47 pm to tgrbaitn08
Posted on 4/16/20 at 4:47 pm to tgrbaitn08
EIDL money hit the bank account today.
3
Posted on 4/16/20 at 5:20 pm to RoyalWe
quote:
EIDL money hit the bank account today.
How much exactly?
Posted on 4/16/20 at 6:22 pm to RoyalWe
the advance or your actual loan amount?
Posted on 4/16/20 at 7:06 pm to Joehat
$7K
Posted on 4/16/20 at 7:06 pm to shawnlsu
The advance.
Posted on 4/18/20 at 2:42 am to RoyalWe
My client received $1k yesterday. No notice or explanation of the amount. Just poof! Overnight deposit US Treasury- SBAD.
Posted on 4/18/20 at 5:06 am to tgrbaitn08
2 of my clients received funds Wednesday & Thursday. One for $60k and the other for $250k. Both had been working with their banks (small local banks) prior to 3/30 so that their applications would be sent immediately. 14 other clients applied for EIDL and are still in limbo
Posted on 4/18/20 at 10:02 am to tgrbaitn08
on 4-14 I received an email to "Create your SBA Economic Injury Disaster Loan Portal Account" I answered a few questions to confirm my identity, answered how much I wanted from how much I was eligible for, and the third button was to sign papers, but wouldn't let me proceed, and now has a processing status.
Posted on 4/18/20 at 10:25 am to Rust Cohle
Did you get an advance?
I thought we would get that email by now since our advance was deposited early this week. Still haven't seen anything
I thought we would get that email by now since our advance was deposited early this week. Still haven't seen anything
Posted on 4/18/20 at 12:50 pm to shawnlsu
Yes I received 1000 for me on April 14. My application was 107,xxx, if the numbers were even generated in order, who knows.
This post was edited on 4/18/20 at 12:52 pm
Posted on 4/18/20 at 2:00 pm to Rust Cohle
Same day as mine. Still no email or anything. Nada.
I don't get it.
I don't get it.
This post was edited on 4/18/20 at 2:01 pm
Posted on 4/18/20 at 2:27 pm to shawnlsu
Credit pull only. No grant and no other communication from SBA.
Posted on 4/18/20 at 2:27 pm to shawnlsu
So this thread made me even more curious so I called the SBA COVID line :(800) 659-2955
I got an immediate answer from an english speaking human
He informed me that, while their system to look up application #'s had crashed again, most people that received the advance have NOT received "the" email yet. He also said that if you got the advance, that is very good news since someone had actually looked at and approved your application, it just may take "some time" to get your email to you to finish the application process.
So, if you got an advance, you are in a small minority of applications. If you got both an advance and an email you are in an even smaller group.
I got an immediate answer from an english speaking human
He informed me that, while their system to look up application #'s had crashed again, most people that received the advance have NOT received "the" email yet. He also said that if you got the advance, that is very good news since someone had actually looked at and approved your application, it just may take "some time" to get your email to you to finish the application process.
So, if you got an advance, you are in a small minority of applications. If you got both an advance and an email you are in an even smaller group.
Posted on 4/18/20 at 6:53 pm to VABuckeye
I applied on 3/30 - short form. Application #33xx162xxx. Had a credit pull on 4/15 but no deposit or advance yet.
Bank was reviewing my PPP and as suppose to have approval/denial in 48-72 hours when funding dried up. No communication or guidance since.
Bank was reviewing my PPP and as suppose to have approval/denial in 48-72 hours when funding dried up. No communication or guidance since.
Posted on 4/18/20 at 8:05 pm to EsquireReb
I'd bet you have an advance by Monday on the EIDL if your credit pull was from SBA
Posted on 4/18/20 at 9:16 pm to tgrbaitn08
quote:
SBA is unable to accept new applications at this time for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding.
This really shouldn’t matter as the EIDL is a loan with a max of 10k grant. The rest needs to be paid back, unlike the PPP (if your expenses qualify).
Posted on 4/18/20 at 10:01 pm to EsquireReb
SBA pulled my credit on 4/13, still no advance or emails. My app number was 30***
Posted on 4/19/20 at 8:48 am to Cajun9474
Did you check the box on the app that you wanted the advance? Probably a dumb question, but thought I'd ask anyway
This post was edited on 4/19/20 at 8:49 am
Posted on 4/20/20 at 1:38 pm to tgrbaitn08
SBA just pulled my credit. I’m a sole member LLC landlord who applied for EIDL on 3/30. I put 0 for employees.
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