your application is being processed sba eidl 2021

Anyone else had to submit 2020 returns? 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. 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. Just wanted to get a typical wait time. 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. Everything. I got my original EIDL loan March 2021. Any help would be appreciated. Research Credit Mapping Processing Reviews. Since confirmation, I have called multiple times (essentially once/twice each week). SBA EIDL Your loan modification is being processed, Scan this QR code to download the app now. I need some help. If you submitted your application online, you can check your loan status through the SBA website. Because of where my business is located my advance will be topped up to $10,000 or plus $7,000. The 8 day thing seem strange, but it's moving along. This EIDL application was ultimately denied by the SBA. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. The SBA has all my documents and Ive been told verbally by Tier 2 that Ive been approved. Small businesses can access a $10,000 loan advance that is not repaid. Reddit and its partners use cookies and similar technologies to provide you with a better experience. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. and our There you go. The accountant that processed my EIDL application put the wrong bank acct info, email, telephone number and other incorrect info on my application. Beginning Feb. 1, 2021, SBA first reached out to EIDL applicants who already received a partial EIDL Advance (between $1,000 - $9,000). 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 . 6/2 - Called SBA and spoke to tier 2. Meanwhile, the SBA is still reviewing a possible increase in the maximum size of its EIDL from $500,000 to $2 million. I have received Loan offer on 07/02/2020, I applied the same day. I called today and try to find out what is the status of the application. endstream endobj 243 0 obj <. Now I'm stressing because I seen all these other borrowers getting approvals back and closing docs from BlueVine within 1-2 days of submitting to sba. Applicants can send a request for reevaluation of a Targeted EIDL Advance application that was declined to the following email address: TargetedAdvanceReevaluation@sba.gov. About COVID-19 EIDL Log into account on . Tax returns. =H@B121ff| 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. 242 0 obj <> endobj Log onto your Account on the SBA Portal to submit a loan modification request to your existing EIDL loan. 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). . Larger limit for SBA EIDL program. As of May 6, 2022, the SBA is no longer processing EIDL loan increase requests or requests for reconsideration of previously declined loan applications due to a lack of available funding. I received an email following day Tue 9/2 by LO requesting more docs which I did so immediately in portal and responded via email for basic info requested. Ive noticed that those who have applied recently for the EIDL loan are being processed and funded right away. I keep looking in my portal and it says your application is being processed. SBA Loan Processing Time: How Long Does the Process Take . I applied 1/20 with BlueVine and the literally just submitted my application to the SBA on 2/2. 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). 04/27/2021: Author checked the SBA Covid Relief page today, Amount has been 'Confirmed' and Green block added, 'Your Loan Modification is being processed. Cookie Notice I would encourage you to try to reach out to the SBA to make sure your application is still being considered for the increase. 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. Ive been on this status since 4/19 and it says everything is completed. Everythings signed. Sign up for and complete application via SBA portal 4. I let her know this and re sent 2019 tax returns lets see. 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. 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. ", Still in "Your application is being processed" hell, Scan this QR code to download the app now. Use r/TargetedEIDL for advance/grant issues. Privacy Policy. I took a modest amount based on six-months revenue minus the amount that my current revenue would cover. Privacy Policy. 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.. 0 For more information, please see our Your file number (CP-12), found on documents received from the Ministre, like a deposit notice or a or a notice to appear; The last three numbers of your social insurance number (SIN) If you don't have a file with the Ministre, you must have a Revenu Qubec notice of assessment from one of the last two years. The agency has previously said it was . trey lance draft class. Privacy Policy. Hello everyone please I need help and needed to be sure if my loan is still processing and will hopefully get an approval email, I applied for the SBA EIDL loan 30/ July and got portal email same day, I registered my account and was eligible for $150k I accepted full amount and my credit score was pulled same day, my credit score was formerly 630 and was pulled then I got credit report and I dropped to 613 on my credit report, showing on my portal link my application has been received and processing, my identity confirmed and verified and still havent gotten any email from the SBA for an approval or denied letter, I still dont know what my chances are for the loan but hopefully will I be approved and have to wait until I get the next letter, Scan this QR code to download the app now. Once you accept the offer in the portal, your loan goes to the underwriting department. I have received Loan offer on 07/02/2020, I applied the same day. Use r/TargetedEIDL for advance/grant issues. Paycheck Protection Program & Economic Injury Disaster Loan Discussion for the 2020-2022 COVID-19 disaster. All 3 T2's were consistent in saying I had an LO assigned since 4/22 and transcripts requested on 4/22. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. and our The Administration is . 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. Being processed means you may be a few weeks atleast to some months before it says "approved or denied". First of all thank you to everyone that helped me in my last post. Got another email Your application is being processed by the SBA Can you get denied from here? In September 2021, SBA Administrator Isabella Casillas Guzman announced major enhancements to the COVID Economic Injury Disaster Loan (EIDL) program. That was about 1/4 of what was offered. What happens after your SBA EIDL loan is approved? Tax returns. Your application for the Targeted EIDL Advance is still in processing. hbbd```b``OW1D2`)FDHMd]fIk7lvi $A i$Q&gl])>"%h e@ Receive decision within three weeks 5. Also I havent even filed 2020 yet. Ridiculous. I keep looking in my portal and it says your application is being processed. The Economic Injury Disaster Loan and Loan Advance (EIDL) program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing due to the COVID-19 public health crisis. Since then my account say " Your application is being processed " . Could be several more weeks but he seemed surprised that it has been 15 days "processing", Stuck in "your application is being processed". For additional information on COVID EIDL and other recovery programs please visit www.sba.gov/relief. 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 Small Business Administration (SBA) popular COVID Economic Injury Disaster Loan (EIDL) loan program has a deadline of December 31, 2021 . "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 Key changes announced by the SBA. Was told approval was waiting on 2nd stage and keep waiting. I am waiting patiently for my turn. As of Oct. 8, 2021, you can apply for an EIDL of up to. . For more information, please see our Cookie Notice 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. Hopefully this isnt an issue. Your application is being processed by the SBA (Whats next), Scan this QR code to download the app now. The SBA also launched the SBA Economic Injury Disaster Loan Portal to simplify the process of checking loan statuses.
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