Posted by
Message
VABuckeye
Ohio State Fan
Oak Hill, VA
Member since Dec 2007
27264 posts

re: Has anyone STILL not heard back about their EIDL loan application?
Just have to be patient. By the date your client is at least a week behind me in the queue.


LSUlove
LSU Fan
Louisiana
Member since Oct 2003
145 posts

re: Has anyone STILL not heard back about their EIDL loan application?
Got my loan docs to sign today. I’m assuming funds will deposit on Monday. So about 5 days from verification and approval of loan amount.


Replies (0)
Replies (0)
00
Gr8t8s
Member since Oct 2009
2358 posts

re: Has anyone STILL not heard back about their EIDL loan application?
SBA pulled my credit about 1.5 weeks ago. No advance. No follow up emails. Nada.


tgrbaitn08
Rice Fan
Member since Dec 2007
100740 posts
 Online 

re: Has anyone STILL not heard back about their EIDL loan application?
I just got the email to move to the next step for EIDL application.


Replies (0)
Replies (0)
00
LSUlove
LSU Fan
Louisiana
Member since Oct 2003
145 posts

re: Has anyone STILL not heard back about their EIDL loan application?
So I have two companies. I applied for EIDL for both of them within minutes of both apps on March 30. I had two credit pulls one day after the other in April. I received an advance for one the same day I was funded for PPP, April 12th. Radio silence on the other.

Last Monday I received the email asking me to make an account and go through the steps for funding for the company I received the advance for. On Friday I received an email asking me to make an account for the second company. First time I had heard anything regarding this app. When I went through the verification process there is an area for electronic disbursement. I clicked on that and there was a note saying that they couldn’t verify my bank account. I called SBA and they said that my bank account name doesn’t match my what I gave them as my business name. On my account I have my dba listed.
She made a note of that and said that I should receive my advance now and funding shouldn’t be an issue. I asked her If I would have ever been contacted regarding that error since I had no idea what the problem was. She said no, but eventually it would have probably worked it’s way out.

Just wanted to mention this may be a similar issue you are running into but you may not know until you receive the account creation email.


VABuckeye
Ohio State Fan
Oak Hill, VA
Member since Dec 2007
27264 posts

re: Has anyone STILL not heard back about their EIDL loan application?
Yes. If your bank account doesn't match or something is incorrect you still get processed for the loan but won't receive an advance. When you have the ability to create the account you can correct any incorrect bank account information.


VABuckeye
Ohio State Fan
Oak Hill, VA
Member since Dec 2007
27264 posts

re: Has anyone STILL not heard back about their EIDL loan application?
Loan proceeds were deposited today. In addition to the loan proceeds we received the initial $5000 grant for our five employees.


basiletiger
LSU Fan
lafayette, la.
Member since Aug 2007
1915 posts

re: Has anyone STILL not heard back about their EIDL loan application?
On may the 4th I received $1,000 deposit SBAD TREAS 310 MISC PAY however I've yet to receive anything on the loan.....


VABuckeye
Ohio State Fan
Oak Hill, VA
Member since Dec 2007
27264 posts

re: Has anyone STILL not heard back about their EIDL loan application?
When you you apply? By a May 4th date I’d think you are still in queue.


basiletiger
LSU Fan
lafayette, la.
Member since Aug 2007
1915 posts

re: Has anyone STILL not heard back about their EIDL loan application?
I applied just a few days after it was announced.


TD SponsorTD Fan
USA
Member since 2001
Thank you for supporting our sponsors
Advertisement
MrJimBeam
New Orleans Saints Fan
Member since Apr 2009
4100 posts

re: Has anyone STILL not heard back about their EIDL loan application?
Just got approved. Hope to have the money transferred soon. Don’t start paying for 12 months, 3.75 30 year loan.


basiletiger
LSU Fan
lafayette, la.
Member since Aug 2007
1915 posts

re: Has anyone STILL not heard back about their EIDL loan application?
what did you receive to show that you were approved? I received $1,000. But haven't received anything on the loan yet....


MrJimBeam
New Orleans Saints Fan
Member since Apr 2009
4100 posts

re: Has anyone STILL not heard back about their EIDL loan application?
The 1k wasn’t part of the full amount I got. Received an email saying the loan was approved for application number 12345678. Then said to login to the portal within 30 days to complete which was mainly an e-signature.


basiletiger
LSU Fan
lafayette, la.
Member since Aug 2007
1915 posts

re: Has anyone STILL not heard back about their EIDL loan application?
can you link where the email came from? Maybe it hit my spam account....?


VABuckeye
Ohio State Fan
Oak Hill, VA
Member since Dec 2007
27264 posts

re: Has anyone STILL not heard back about their EIDL loan application?
You receive an email to setup an account. When you login in the account it gives the status of your application. Once approved it will then tell you that it’s waiting for disbursement of loan proceeds.


Replies (0)
Replies (0)
10
LSUlove
LSU Fan
Louisiana
Member since Oct 2003
145 posts

re: Has anyone STILL not heard back about their EIDL loan application?
Chances are you are still in queue. I applied on March 30th. Funded for advance on April 12 and received loan email on May 11th. Funded for loan today. You probably have a few more weeks before you get the create an account email. It comes from a disastercustomerservice@sba email address.


basiletiger
LSU Fan
lafayette, la.
Member since Aug 2007
1915 posts

re: Has anyone STILL not heard back about their EIDL loan application?
I just emailed them my application number. appreciate the help.


rlp
LSU Fan
Shreveport
Member since Sep 2005
516 posts

re: Has anyone STILL not heard back about their EIDL loan application?
I got the “your SBA application is ready for the next step” email. I see the max loan amount available (to me at least) is $150k. Was supposed to be $2 million. Quick google search found that due to overwhelming response they cut the max amount down to $150k and are no longer taking applications but are not really announcing this and it is unofficial. Anyone know more about this?


Nephropidae
LSU Fan
Brentwood
Member since Nov 2018
757 posts

re: Has anyone STILL not heard back about their EIDL loan application?
I know they say it, but I don't believe they are processed in order received. I applied the day it opened, reapplied with the shorter application as soon as that was possible. Just got the link/funded for EIDL/grant last week. I think it's based on some system/calculation based on the only inputs you can control (REV/COGS/Type of Business) in priority they deem most important. Who the hell knows, but it certainly was not in order of timing of applications.


Replies (0)
Replies (0)
00
Nephropidae
LSU Fan
Brentwood
Member since Nov 2018
757 posts

re: Has anyone STILL not heard back about their EIDL loan application?
quote:

$150k and are no longer taking applications but are not really announcing this and it is unofficial. Anyone know more about this?
CPA friend said he's seeing a lot at that number.


Replies (0)
Replies (0)
00
first pageprev pagePage 2 of 3next pagelast page

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram