Reddit and its partners use cookies and similar technologies to provide you with a better experience. I was in reconsideration (7/2021)and my portal was reactivated a week ago. First of all thank you to everyone that helped me in my last post. It's fixed! The SBA has many loans you can apply for, such as 7(a) Loans, 504 Loans, and Microloans. Step 2: The loan officer will review your application and underwrite the loan within 10 to 14 days. If you submitted your application online, you can check your loan status through the SBA website. For more information, please see our Wait for the paperwork" (Oct, Nov, Dec). 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. For more information, please see our Got another email Your application is being processed by the SBA Can you get denied from here? I've been in processing between 5-6 months. 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. For additional information on COVID EIDL and other recovery programs please visit www.sba.gov/relief. Complete EIDL Intake Form via sba.gov/eidl 3. "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 You will receive an email notification of the application status in the coming weeks. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Hopefully this isnt an issue. 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. Each time I call, I ask if anything else has been entered into the portal. This is the quickest and easiest way to verify the status of your EIDL. 2. Business Business, Economics, and Finance. Applicants should follow these instructions when requesting a re-evaluation: Send an email to [email protected] The EIDL portal is now closed. The Consolidated Appropriations Act of 2021 replenished the pool of EIDL money by $20Billion and the application deadline for the Small Business Administration's (SBA) Economic Injury Disaster Loan (EIDL) program has been extended to December 31, 2021. I know others have been waiting longer and it sucks for us. and our But luckily, there are a few different ways you can check the status of your application: Online: https://disasterloanassistance.sba.gov or via the SBA portal. hb```"NVB eama> Q0Awo$RNH1qti5V@vFsu:R|~*0~y*GS^ uwtt00C(D2A!8DP Wish their (SBA) process was more transparent and smoother. About COVID-19 EIDL Borrowers who need copies of their loan documents will need to create a new account with the SBA . Use r/TargetedEIDL for advance/grant issues. SBA Loan Processing Time: How Long Does the Process Take . 7(a) Loans is the most common loan program at the SBA. Your application is being processed. Everything. Hows the timeline on that! Your application for the Targeted EIDL Advance is still in processing. 6/4 - 10 days since portal invite. Cookie Notice Hello, I need some help. I applied 1/20 with BlueVine and the literally just submitted my application to the SBA on 2/2. Use r/TargetedEIDL for advance/grant issues. . Applied the last week of April. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. UPDATE: LO contacted me today (5/5) requesting transcripts for tax returns for 2019 and 2020. Thanks. Tax returns. Applied 1/20 as existing customer 2nd draw and sat idle in review until 2/2 when they finally submitted my application to the SBA. 242 0 obj <> endobj If approved, follow adjacent steps for a COVID EIDL increase for >$500K funds 2. Reddit and its partners use cookies and similar technologies to provide you with a better experience. and our Was told approval was waiting on 2nd stage and keep waiting. 300 0 obj <>stream Correct email address is: [email protected]. ", Still in "Your application is being processed" hell, Scan this QR code to download the app now. This is a little weird as Ive turned in 2019 many times and singed a 4506-T. %%EOF 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. I would encourage you to try to reach out to the SBA to make sure your application is still being considered for the increase. Small Business Administration (SBA) popular COVID Economic Injury Disaster Loan (EIDL) loan program has a deadline of December 31, 2021 . Privacy Policy. Please make sure to read and understand the below steps before you start your registration. 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. hbbd```b``OW1D2`)FDHMd]fIk7lvi $A i$Q&gl])>"%h e@ Larger limit for SBA EIDL program. Being processed means you may be a few weeks atleast to some months before it says "approved or denied". Ive been on this status since 4/19 and it says everything is completed. Everythings signed. Feedback. Ridiculous. If your EIDL application is denied, you have six months from the date of denial to request a reconsideration. Cookie Notice February 23, 2022 SBA Disaster Loan Advisors Leave a comment. Research Credit Mapping Processing Reviews. The Administration is . 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. 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. Called, T2 said keep waiting as they are "getting paperwork together", 6/7 - Just spoke with t2. Paycheck Protection Program & Economic Injury Disaster Loan Discussion for the 2020-2022 COVID-19 disaster. 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. That's what's wrong. To use your bank information (Sign-in . All 3 T2's were consistent in saying I had an LO assigned since 4/22 and transcripts requested on 4/22. Said loan approved on 5/30. I've been told my transcripts were received and uploaded just this last Wed 9/1 by SBA District Office. 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. 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. Since then my account say " Your application is being processed " . Log into account on . Said it could take 2-3 weeks for documents. Also I havent even filed 2020 yet. 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. Just wanted to get a typical wait time. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. COVID-19 EIDLs are designed to provide economic relief if your business is currently experiencing a loss of revenue due to the pandemic. Everything. I have received Loan offer on 07/02/2020, I applied the same day. But still crickets. Also, SBA Resource Partnerssuch as a local Small Business Development Center (SBDC) or Women's Business DevelopmentCenter (WBC) can assist you with completing and submitting the COVID EIDL application at nocost. If you have already received a Florida EIDL loan from the Small . I let her know this and re sent 2019 tax returns lets see. Reply. "You have been approved, it's now up to the SBA office" (Oct, Nov, Dec), tier 2: "you're good; expect an email this week", "I see a confirmation that your account has been opened and they are working on funding. App 3301499XXX, 5/25 - Confirmed all in portal and status at "your application is being processed". Hot www.forafinancial.com This part of the process can take anywhere from one to 30 days. The agency has previously said it was . 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). I need some help. and our 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. The portal will only be . I am waiting patiently for my turn. 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. 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. It took about six weeks total from application to funding. I applied on April 22-2021 for my increase and states the loan modification is being processed and I know may of you will tell me its only being a few days ago, but I was curious to call and speak with someoone who can give me real info, so after waiting 15 minutes on the phone a lady pick up the phone and told me "we are having some technical issues with our portal and a lot of glitches, please check thursday or friday, if your status didn't change please call us back" and I asked her why thursday or friday, and she said to me "many updates are coming on thursday and friday." and I said ok.but I feel she was trying just to finish the call like she didn't care so I'm calling back to see what other agent tells me.I will keep you in the loop to everybody. 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. For more information, please see our Any help would be appreciated. and our 0 Stay strong out there. Within hours, I was able to confirm amount and hit the "process" button which now says "Your application is being processed" just very curious on average how long it takes to get to the next step of an approval or decline? Rey says: May 3, 2021 at 5:39 pm. The portal is located online by going to: covid19relief1.sba.gov. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Your application was sent to the SBA to be processed. SAN FRANCISCO, CA / ACCESSWIRE / December 5, 2021 / The U. I keep looking in my portal and it says your application is being processed. Credit Card Processors; High Risk Applicators; Z,,Lr6u{20a!X%h5Oy *M3gBLJ00EewB2& N* Since then my account say " Your application is being processed " . We apologize for the delays, but we are I got my original EIDL loan March 2021. 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.
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