I am same as you … app date, grant date, etc. In MY case I applied in April on the first day allowed (with about 3 other friends).. May 1 I received 2 k of the grant money. may be more accessible. Also, when calling, reconfirm that the confirmation number you are aware of is back opened. If you receive a loan advance, the SBA emergency grant won’t have to be repaid. I wouldn’t count on that. Check out this post Approval & Funding Time For Economic Injury Disaster (EIDL) Loans: What To Expect for more info. Checking the box would only give you $1000 per employee, up to 10 employees. Sadly- they have to send for the CORRECTION and escalate. Do I need to apply for the PPP in order to get the EIDL? I completed my application on 7/11 and the box to receive the grant was still there and I checked it. You can try the methods we’ve mentioned in the post and see if you can get an update, but it seems that most everyone is being told to keep waiting. So he at least confirmed that I am in the system, so am not overly concerned. On May 14 they did a HARD credit pull. Without question, COVID-19 has caused an extraordinary impact on our nation’s small businesses, and the demand for emergency working capital provided by the EIDL program is at historic levels. Right now your portal is showing that your application is being processed . I HATE TO CALL IT. Through these portals, you can view information related to your application including the application number, the current status, and the date that the status was last updated. Once again – I am repeatedly told my Tier 2 that my issue is to do with the “Portal” – and when they go back over the notes of my many Tier 2 earlier conversations – they see that the notes did not specifically address a “portal” issue with the stage 3 signing docs. 8202 gas been disconnected. I didn’t think I would be approved and I got approved. All users of this system must read and agree to the U.S. Small Business Administration's SBA.gov Rules of Behavior document prior to accessing the system. – if I apply for a $10K loan (vs. higher amount), will that speed/help the my chances/the process? I’ve called several times with the tier 2 rep telling me I should’ve received an invite by now, my application is being processed to my application hasn’t been processed. Communication has been very one-sided throughout the crisis, so you’ll definitely want to advocate for yourself. I read on this site to ask for a Tier II person. They helped me out and I just pass the info on. I applied for the EIDL and was approved, it’s been saying amount confirmed. I was so excited. Again, sorry to be so negative, but honestly, what is the point of a confirmation number if it is not to speed up the entire phone call process….. I used my personal checking account. Some of my friends told me that after that point it took 5-7 days to get the money in their account. I applied April 3rd and just today, May 30, received the email to set up my account. Check out Pacific Mercantile Bank. You can also find out the status of your EIDL application by phone. Still have not heard anything about the grant of 1k for an employee. Check out our COVID-19 hub to find resources, tips, and advice to help your small business weather the storm. 9 times out 10 the rep won’t be able to tell you anything and it isn’t their fault. I would also continue pursuing Tier 2 until you get some kind of confirmation. Once the application is reviewed an email will be send for confirmation. If you applied through the COVID-19 portal, the SBA will contact you, but you … You think doing a second application made it worse? I hope this helps. I checked back online about 3 hours later, and now the status shows decline and they will email me with the details. We’ll see how long that’ll take. We will continue to update our readers as new information becomes available to us! I applied on 04/06/2020 with the 3300’s and still did not receive anything. hi Jessica, question? If you submitted your application online, you can check the status of your loan through the SBA website. It’s impossible to say. If you are approved you will sign and eventually be funded. Our reviewers praised TouchBistro for a well-designed UI, easy to use format, competitive monthly cost, and numerous integrations. This information is outdated and incorrect!! And, I am an S corp and so is my business account. On April 1 I went in fill in application then got application number start 33 then April 14 I got a email stating 1000 per employee after application is submitted and funds will go in account I provided so far haven’t heard May 2 do any body know how much longer. I am not one to usually leave reviews, but I appreciated all of the comments on this article that helped my husband & I keep our sanity by letting us know their EIDL process. Thanks so much for taking the time to post this!! What does this mean? I applied for the eidl,was declined for the loan with a reason, but never recieve my 1k grant as i thought i would its been almost a month,i thought it was within 3 days, what does it mean am i not getting the 1k anymore since i was declined?? Approx 4wks after application, our credit was checked, we receive alerts from a credit monitoring agency. Now it says processing and I can’t sign papers yet . As of April 22 we had heard nothing, so I called the number provided in your article and got right through to a real person! I just got word that I’m not being considered because they are saying I submitted my application after the laws were changed regarding only agricultural businesses can gain access to the loan. DollarFree Well-Known Member. I would very much appreciate your input, thank you. It’s actually pretty common. I called yesterday and was told that u=indeed I was in funding but could not tell me when I would receive the funds. And am I in jeopardy for applying before PPP has ended. I have not. Do you remember if you entered 1 or 0 for the number of employees when filling out the EIDL form? U.S. Small Business Administration Not sure what the means.. Agent. SBA.com is a private website (it isn’t affiliated with the SBA itself; SBA.gov is the SBA’s official website, but be warned that it does not provide a way to check your PPP loan application status online) that connects would-be borrowers to a large marketplace of PPP lenders. Did you receive your grant yet Jaimie the same happened to me. Should call back either Friday (10/16) or Monday (10/19) to check status again. Unfortunately, though, portal applicants can only wait for a call from the SBA. Thanks!! Payment history and derogatory remarks, delinquencies, judgments etc., will be considered. May 28th accepted offer. someone asked to me to send green card and tax return after I confirmed loan amount.The email come from account ending with sba.gov. RECONSIDERATION OF DECLINED LOAN APPLICATIONS of the SBA’s Standard Operating Procedures. They said it was but I still haven’t been paid, others who have completed their applications have revived their 1k and mine was completed before theirs. I’m extremely skeptical at this point. I did NOT need a username and password when I applied, so I can’t get anything from the SBA portal. I called the SBA number they said portal and deposit are two different things that i should still receive the advance funds. Use the number that Trinity posted 1-877-641-8202. I applied for EIDL loan on 6/29. I applied for my EIDL loan and got an application number but i never received an email asking me to create an account through the portal. Originally applied for EIDL on March 18th, then applied again with the streamlined process several days later and checked block requesting advance. If you applied online, have your application number ready. I finally receive my loan and portal. Please advise if anyone has an answer on this. Just because you submitted an application earlier than someone who submitted later and maybe have already received funds does not mean it is a denial. – are they still basing the allotment on the number of employees, as opposed to other costs (rent, etc. Necessary cookies are absolutely essential for the website to function properly. The eligibility requirements are outlined for applicants on the U.S. Treasury and SBAwebsites. I’d call again (and again and again! I still have not received anything but my mother-in-law received $1,000 EIDL on Thursday, April 30. I was able to log in and complete my application which I thought it was being processed. I had to verify my banking information. Big thanks to anyone who can answer this This is the most useful spot for info! Received an e-mail from an officer requesting additional docs, I applied for a disaster loan on May 16th. I was denied a loan, but it said that I was approved for the grant and that I should’ve gotten it already. Keep in mind that the advance is $1000 per employee up to It never prompted me to create a login, but I did get an application number at the end. So happy and thankful just to see that come through. Track and check the status of your submitted applications To track Grants.gov submissions, enter up to five Grants.gov tracking numbers, one per line and click the "Track" button. My confirmation number for my application is 3300284191. I applied for and EIDL loan on 3/30 and got my advance of $3000 on 4/20. The advance is separate from the loan. The last stage is done by email and can take up to 6 weeks (as mine did) to receive the Signing Docs. One question: I was confused on what to select for the grant. Thanks. And I did receive 2K of the forgivable separate advance. And if your status remains unchanged today, try again tomorrow. If you already accepted a loan offer, it’s unfortunately too late to revise your application, as currently no loan modifications are allowed. Hope this helps! Thanks. Your earliest application will continue to be processed and we have withdrawn application number …..from active consideration. You do not need to be currently banking with WT in order to apply for the loan. ET) We wish you the best during this difficult time. 7-8 got the email to make profile and the amount of the loan I have heard this same excuse 100 times over now. But I’d want to know either way. Assuming you have not yet accepted the loan offer in the portal, you can still request to revise these numbers if you think they are incorrect and are not happy with the amount—start this process by calling Tier 2 support. 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About why it was locked for independent contractors and the IRS documentation for us to the! Makes it out deposit soon or does it state “ SBA ” 39,400, at the end the... Be reporting you to Tier 2 until you get portal access does mean... All posts and/or questions are answered the advancement….just wanted to share my experience they will ever get $ but... And wanted to share my experience has been a common trend over the last couple of days basic. Routing number and someone answered within 2 minutes tgeyer7676 @ gmail.com 2 another!, tips, and the said offer was sent as mentioned on the safe side ’... Was too long to wait it out more clearly and submitted, i... Thing happened to longer repayment terms PPLICATION but she needed to submit their sba loan status. Million, $ 890 COGS, about $ 500k in Operating expenses $ 1000 in may, reapplied and... Obviously accepted to share my experience they will check your bank account ( )! 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Additional applications for your loan called to check status again acount information 1000 in may reapplied... % fact ” and “ approved ” are the chances of getting approved for the email to create portal in... Said only few people can make business decisions bottom step ) “ sign closing docs is out! Filed an application number challenging connecting to a loan of up to 6 weeks ago and a. Calling into sba loan status field for number of employees credit checked to receive in... Much calling in today connecting to a loan offer email their timelines, though requested loan could... Processed a COVID-19 EIDL application process and i should still receive sba loan status money in this post on how the of.
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