242 0 obj <> endobj Also I havent even filed 2020 yet. Just wanted to get a typical wait time. The accountant that processed my EIDL application put the wrong bank acct info, email, telephone number and other incorrect info on my application. About COVID-19 EIDL Applicants can send a request for reevaluation of a Targeted EIDL Advance application that was declined to the following email address: TargetedAdvanceReevaluation@sba.gov. Got another email Your application is being processed by the SBA Can you get denied from here? 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. By Phone: SBA Disaster Assistance Customer Service Center: 1-800-659-2955 (TTY/TDD: 1-800-877-8339) (Monday to Sunday, 8am to 8pm ET) These loans are designed to help small businesses with the purchasing of real estate, short- and long-term working capital, refinancing current business debt, and various other purposes for eligible businesses. The SBA cannot process Supplemental grant applications after December 31st, so it "strongly encourages" eligible small businesses to apply by the December 10, 2021 deadline to ensure adequate processing time. COVID-19: Economic Stimulus and SBA Loans In addition to increases, the SBA will still process reconsiderations and appeals in 2022 as long as your initial application was filed by December 31st, 2021. Just wanted to get a typical wait time. Being processed means you may be a few weeks atleast to some months before it says "approved or denied". Your application is being processed by the SBA (Whats next), Scan this QR code to download the app now. The SBA has all my documents and Ive been told verbally by Tier 2 that Ive been approved. When processing is complete-the SBA may take 8 days or longer to process your application-we'll send you an email with instructions to accept and sign your loan offer. 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. r/EIDL - Timeline to signing docs from "Your Application is Processing 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 agency has previously said it was . 1y You're only a week into the process. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. %PDF-1.6 % 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) 04/07/2021 at 8.39 am CDT: Author sends back request email seeking an increase (Note: This was attempt #3 at sending as the attempts at 8.23 am and 8.37 am respectively bounced back due to mail address issues. SBA Disaster Loan FAQ - Small Business Development Center Since confirmation, I have called multiple times (essentially once/twice each week). Correct email address is: CovidEIDLIncreaseRequests@sba.gov. What happens after your SBA EIDL loan is approved? For more information, please see our 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. We apologize for the delays, but we are My Service Canada Account: How to register with your bank Aside from my calls to T2, I have heard nothing. The Administration is . For more information, please see our I called today and try to find out what is the status of the application. Your application is being processed by the SBA - PPP 2nd Round I know others have been waiting longer and it sucks for us. I let her know this and re sent 2019 tax returns lets see. 04/07/2021 at 8.39 am CDT: Author sends back request email seeking an increase (Note: This was attempt #3 at sending as the attempts at 8.23 am and 8.37 am respectively bounced back due to mail address issues. About COVID-19 EIDL 7(a) Loans is the most common loan program at the SBA. Economic Injury Disaster Loans (EIDL) had previously been capped at $150,000, then $500,000. App 3301499XXX, 5/25 - Confirmed all in portal and status at "your application is being processed". That was about 1/4 of what was offered. Your application for the Targeted EIDL Advance is still in processing. I'm in recon due to credit since 7/22, this is from an original application back in May 2020. Credit has shot up considerably. Hot www.forafinancial.com This part of the process can take anywhere from one to 30 days. As of Oct. 8, 2021, you can apply for an EIDL of up to. Key changes announced by the SBA. I was in reconsideration (7/2021)and my portal was reactivated a week ago. SBA Loan Processing Time: How Long Does the Process Take . Your Application Is Being Processed Sba Loan Register for online services The portal is located online by going to: covid19relief1.sba.gov. Use r/TargetedEIDL for advance/grant issues. SBA EIDL Grant Timeline: Whichever For Expect With Application The SBA also launched the SBA Economic Injury Disaster Loan Portal to simplify the process of checking loan statuses. Privacy Policy. 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. She said that next steps would include two emails, one on the Increased loan amount and a second on the Targeted EIDL Advance. I will keep this post updated with important and/or material updates. Cookie Notice The SBA will begin sending email invites to businesses and nonprofit organizations that received the EIDL Advance in an amount less than $10,000 starting on . Can people give their experience of timeline when they received any approval (loan doc signing) to denials after they've confirmed their loan amount, uploaded all docs, and hit that "submit" button to get "Your Application is being Processed". Step 3: The lender will hopefully approve your loan and send you a commitment letter. PDF requently Asked Questions F Research Credit Mapping Processing Reviews. Cookie Notice Use r/TargetedEIDL for advance/grant issues. In September, I received an email telling me that I had be declined due to "Applicant requests a withdrawal or fails to proceed", Immediately sent a request for review to "pdcrecons", Three minutes later got a call from a LO telling me that she had canceled my application and that I would need to re-apply in order to try and get past a "glitch" in the system that was stopping the processing of the FUNDING of my increase. Cookie Notice All 3 T2's were consistent in saying I had an LO assigned since 4/22 and transcripts requested on 4/22. This part of the process is generally taking 2 to 3 weeks. Im getting mixed signals about bluevine but I also kept my options open. To be considered for the $5K Supplemental Advance, you must apply for the EIDL program by the end of today. When you accept a "quote" for a loan amount, please understand this is a preliminary step in the process and not an approval decision by SBA. That's where they check all of your documentation and verify your business. and our But luckily, there are a few different ways you can check the status of your application: Online: https://disasterloanassistance.sba.gov or via the SBA portal. For additional information on COVID EIDL and other recovery programs please visit www.sba.gov/relief. Reply. "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 Part of me really wants to believe that they're going in "somewhat" order of original EIDL loan date. Find out what to expect after applying for an Economic Injury Disaster loan & how long you can defer. I got my original EIDL loan March 2021. With screenshots (PII redacted), my SBA EIDL Journey. The program will be administered by the SBA and has the following parameters: Grants will be provided on the basis of pandemic-related revenue loss from 2019 to 2020. SAN FRANCISCO, CA / ACCESSWIRE / November 4, 2021 / The Small Business Administration (SBA) deadline to submit new Economic Injury Disaster Loan (EIDL) applications is fast approaching.. SBA EIDL backlog to be cleared in August. Here's what it means for Economic Injury Disaster Loan (EIDL) and Emergency EIDL (Cash - APMA Anyone know how long is queue or does it usually take 2 weeks or longer. Tax returns. Ive noticed that those who have applied recently for the EIDL loan are being processed and funded right away. Since then my account say " Your application is being processed " . and our Credit is there. Beginning Feb. 1, 2021, SBA first reached out to EIDL applicants who already received a partial EIDL Advance (between $1,000 - $9,000). Because of where my business is located my advance will be topped up to $10,000 or plus $7,000. 300 0 obj <>stream She confirmed that I was completely approved and that it would take a matter of days to push through my new application, Completed the new application first week of September 2021, Received confirmation that all documents had been received. I just called SBA to find out the real status of my EIDL Loan Increase application. Small business owners may call SBA's Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard of hearing) or email DisasterCustomerService@sba.gov for additional assistance. Help With a Federal Agency . UPDATE: LO contacted me today (5/5) requesting transcripts for tax returns for 2019 and 2020. Everything. SBA EIDL Deadline 12/31: What it Means for Businesses in 2022 %%EOF SBA Administrator Guzman Enhances COVID Economic Injury Disaster Loan Your application was sent to the SBA to be processed. This is a little weird as Ive turned in 2019 many times and singed a 4506-T. This page provides you with the information you need to register for My Service Canada Account (MSCA) with your bank. hb```"NVB eama> Q0Awo$RNH1qti5V@vFsu:R|~*0~y*GS^ uwtt00C(D2A!8DP A recent Florida SBA policy change increases the maximum loan available to small businesses for COVID-19 to $2,000,000. I would encourage you to try to reach out to the SBA to make sure your application is still being considered for the increase. Applied the last week of April. The amount of the grant is required to be reduced by any PPP funding that was previously received by the business Timeline to signing docs from "Your Application is Processing" when confirming and hitting that submit button. You can contact SBA's Customer Service Center at 1-800-659-2955. Your application is being processed by the SBA (What's next) The portal will only be . I am on the phone listening to the Harriet Goldberg's "My Time to Fly" (2021) and wishing that someone would come on, say, "Oh, wow. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Applicants should follow these instructions when requesting a re-evaluation: Send an email to TargetedAdvanceReevaluation@sba.gov Reddit and its partners use cookies and similar technologies to provide you with a better experience. Visit www.sba.gov/eidl to learn more about eligibility and application. Sba Loan Your Application Is Being Processed| Top Scholarships 274 0 obj <>/Filter/FlateDecode/ID[]/Index[242 59]/Info 241 0 R/Length 138/Prev 245245/Root 243 0 R/Size 301/Type/XRef/W[1 3 1]>>stream To use your bank information (Sign-in . That's what's wrong. It's fixed! I was in reconsideration (7/2021)and my portal was reactivated a week ago. Each time I call, I ask if anything else has been entered into the portal. hbbd```b``OW1D2`)FDHMd]fIk7lvi $A i$Q&gl])>"%h e@ and our r/EIDL - Hello, How long did it take for funding after "YOUR 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). How Long Were You in "Your Application is Being Processed?" I got an email from bluevine lowering my loan offer from 20833 to 19823 (Thats fine with me) After I accepted it. Thanks. It may take several weeks before all emails are sent to businesses in the first priority group so please do not be alarmed if you do not receive your email invite right . 6 The investigation has revealed that at least one other EIDL application was submitted from the Nunez IP Address registered to SUBJECT PREMISES-2 by Individual-2, an individual whose identity is known to your affiant and who does not reside at SUBJECT PREMISES-2.
