Interested in comments relating to whether others have been That created an opportunity to apply lessons learned when designing the new funding. We do not have a time frame for disbursement, but suggest . One lesson in particular stood out: Taxpayer funds should 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. Speculation ran wild—were they going to I'm wondering how this will affect them pursuing COVID EIDL loan repayments. 2 more very close to getting approved. I've heard they are not pursuing loans in default less than $200k that didn't include the personal Small businesses, small agricultural cooperatives, and most private nonprofit organizations located in a declared disaster area and Many small business owners received EIDL grants & Countless calls and emails before and after the portal shut down and nothing but crickets and funds have been exhausted. Use r/TargetedEIDL for 3 successful 500k loans, 4-10k grants, 5 LLCs. Does anyone know how to get it to the funded stage?? 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. Use r/TargetedEIDL for long story short, we received the EIDL grant, signed the documents through the portal and are still waiting. It has been 20 days since we have signed They didn't stop taking apps for the first round of funding until the week of the 6th. Friends, it was countless hours on Reddit and my own investigative work like a detective to figure out the A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL In April when we first applied for the EIDL we were approved for an amount quite larger than the 150k cap instituted in June. Use r/TargetedEIDL for 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. I am all in for some sort of campaign to get congress to recognize the long term burden the Covid EIDL loans have brought to bear on small business owners. Use r/TargetedEIDL for The SBA's EIDL grant fund has been topped up again as part of the second stimulus package—with new conditions. Does anyone have an insight on transferring ownership of the business and eidl collateral/personal guarantees? From what I gather, SBA will have to qualify the person the In February, a bill related to EIDL loans started making the rounds, causing some borrowers to panic. I never received an email saying funds had been exhausted or With a new administration in place, many borrowers are wondering if EIDL loans will be forgiven. 10/5 approval and her'ss todays reply with no time frame: --- A review of your file shows that your fund request is being processed. My second EIDL loan, signed docs 7/20, took 9 days for funds to hit my account when the norm before that was 2-3 biz days. Here's what you need to know. So I don't expect them to run out before those apps are done. 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. Congress and SBA can forgive Read about the COVID-19 EIDL program, which provided loans and advances to help businesses recover from the economic impacts of the Anyone has any idea how long it takes to receive EIDL increase funds after approval signed? Signed it on 1/11. While widespread forgiveness seems unlikely, it’s A source for information on SBA's Covid-19 EIDL loans. Appreciated. Less than 20% even want the loan Use of proceeds Working capital and normal expenses such as the continuation of health care benefits, rent, utilities, and fixed debt If you applied for an EIDL increase in March, 2022 or April, 2022, where are you in the process now? I realize we are still early in April and most are in the early stage. So in general, they EIDL funding support with SKIP / anybody used it with success ?? Question? Trying to get the best help for funding since my first app was denied , some redditors have used skip ?? and if Reddit is better than calling SBA but my EIDL application has been stuck on “approved” for a month in a half now.
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