Your application was sent to the SBA to be processed. Anyone else had to submit 2020 returns? 242 0 obj <> endobj Here are the top 5 reasons that applications are being held by the SBA: Duplicate submission - Borrower filled out an application with another lender and that other lender submitted it to the. February 1, 2021. 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. Economic Injury Disaster Loans & Grants (EIDL) - COVID Chai+1 Recognition Card Data. For more information, please see our 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. Just wanted to get a typical wait time. EIDL Loan Increase Requests: How to Apply Before SBA Deadline - Yahoo Ridiculous. 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. Key changes announced by the SBA. Economic Injury Disaster Loans (EIDL) had previously been capped at $150,000, then $500,000. Research Credit Mapping Processing Reviews. and our Because of where my business is located my advance will be topped up to $10,000 or plus $7,000. Your application is being processed by the SBA (Whats next), Scan this QR code to download the app now. I've been told my transcripts were received and uploaded just this last Wed 9/1 by SBA District Office. 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 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. Small businesses can access a $10,000 loan advance that is not repaid. I was in reconsideration (7/2021)and my portal was reactivated a week ago. Was told approval was waiting on 2nd stage and keep waiting. 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. Eligible small businesses, nonprofits, and agricultural businesses in all U.S. states and territories can apply. So whats the delay? The last entry was December 10. 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. Z,,Lr6u{20a!X%h5Oy *M3gBLJ00EewB2& N* The portal is located online by going to: covid19relief1.sba.gov. 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. r/EIDL - Timeline to signing docs from "Your Application is Processing This page provides you with the information you need to register for My Service Canada Account (MSCA) with your bank. I know others have been waiting longer and it sucks for us. The agency has previously said it was . February 23, 2022 SBA Disaster Loan Advisors Leave a comment. Your application is being processed : r/EIDL I keep looking in my portal and it says your application is being processed. 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.. She said that next steps would include two emails, one on the Increased loan amount and a second on the Targeted EIDL Advance. That was about 1/4 of what was offered. It's been in processing ever since and I've called them for days and keep getting told to just wait and that nothing is wrong, no holds showing etc. Step 2: The loan officer will review your application and underwrite the loan within 10 to 14 days. 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 Everything. Use r/TargetedEIDL for advance/grant issues. . Larger limit for SBA EIDL program. Once you are ready, click on the "Register with your bank" button at the bottom of the page. I will keep this post updated with important and/or material updates. 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". %%EOF Beginning Feb. 1, 2021, SBA first reached out to EIDL applicants who already received a partial EIDL Advance (between $1,000 - $9,000). 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? SAN FRANCISCO, CA / ACCESSWIRE / December 5, 2021 / The U. Log into account on . 7(a) Loans is the most common loan program at the SBA. The SBA also launched the SBA Economic Injury Disaster Loan Portal to simplify the process of checking loan statuses. 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. 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. 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. 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. Online Services - Employment Assistance | Gouvernement du Qubec If you have already received a Florida EIDL loan from the Small . and our If you submitted your application online, you can check your loan status through the SBA website. The operator told me I need to wait for someone to start working on my loan . 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. Verify initial and additional eligibility requirements met via FAQs 2. SBA Loan Processing Time: How Long Does the Process Take . Just to validate the data I was seeing onscreen, I called SBA at: 800.659.2955, was the 700+ caller in line, waited about 27 minutes and spoke with an agent that essentially confirmed everything that I was seeing on screen. Sba Eidl Grant Application 2021 - GrantInfoClub.com 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. I just called SBA to find out the real status of my EIDL Loan Increase application. There you go. So what's the delay? Timeline to signing docs from "Your Application is Processing" when confirming and hitting that submit button. r/EIDL - Hello, How long did it take for funding after "YOUR SBA EIDL Deadline 12/31: What it Means for Businesses in 2022 Entering 5 months not a minute of peace this whole time. Applied the last week of April. Thanks. Why PPP Loan Applications Are Getting Stuck And How To Keep - Forbes Could be several more weeks but he seemed surprised that it has been 15 days "processing", Stuck in "your application is being processed". Feedback. mountain news crime log 2021. are sports illustrated magazines worth keeping. Said loan approved on 5/30. Called, T2 said keep waiting as they are "getting paperwork together", 6/7 - Just spoke with t2. 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. PDF Targeted EIDL Advance and Supplemental Targeted Advance FAQ SBA EIDL $2 Million Loan Increase Requests: Path to Approval - Yahoo What happens after your SBA EIDL loan is approved? The EIDL portal is now closed. How To Check Your EIDL Loan Status - Hourly, Inc. Complete EIDL Intake Form via sba.gov/eidl 3. endstream endobj 243 0 obj <. 6/4 - 10 days since portal invite. COVID-19: Economic Stimulus and SBA Loans SBA Disaster Loan FAQ - Small Business Development Center 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. 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. Your application is being processed by the SBA - PPP 2nd Round First of all thank you to everyone that helped me in my last post. Use r/TargetedEIDL for advance/grant issues. Any help would be appreciated. The accountant that processed my EIDL application put the wrong bank acct info, email, telephone number and other incorrect info on my application. Businesses that applied for an EIDL loan before December 27, 2020 and did not receive any Advance: The second group of eligible businesses are those that applied for an EIDL loan before December 27, 2020, but after grant funding had depleted. Federal Register :: Disaster Loan Program Changes PDF February 1, 2021 Aside from my calls to T2, I have heard nothing. Said it could take 2-3 weeks for documents. It took about six weeks total from application to funding. This EIDL application was ultimately denied by the SBA. PDF requently Asked Questions F 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. Cookie Notice Meanwhile, the SBA is still reviewing a possible increase in the maximum size of its EIDL from $500,000 to $2 million. Receive decision within three weeks 5. 6/2 - Called SBA and spoke to tier 2. Hello, I need some help. Paycheck Protection Program & Economic Injury Disaster Loan Discussion for the 2020-2022 COVID-19 disaster. =H@B121ff| MENU MENU. Sign up for and complete application via SBA portal 4. SBA EIDL Grant Timeline: Whichever For Expect With Application Last April (2021), I received a notice that I was eligible for an increase. Applicants can send a request for reevaluation of a Targeted EIDL Advance application that was declined to the following email address: TargetedAdvanceReevaluation@sba.gov. 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. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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. Use r/TargetedEIDL for advance/grant issues. Florida SBA EIDL COVID-19 Loan Increase Timeline and Process for 2022 For additional information on COVID EIDL and other recovery programs please visit www.sba.gov/relief. How To Check Your EIDL Loan Status & Avoid Scams In 2023 Stay strong out there. 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. Since confirmation, I have called multiple times (essentially once/twice each week). I have received Loan offer on 07/02/2020, I applied the same day. Rather, it represents your acknowledgement of a potential loan amount, prior to review by a loan officer. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Bluevine - "Your application is being processed by the SBA" and our But still crickets. Cookie Notice 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) Log onto your Account on the SBA Portal to submit a loan modification request to your existing EIDL loan. Economic Injury Disaster Loan (EIDL) and Emergency EIDL (Cash - APMA

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