How To Check The Status Of Your Economic Injury Disaster Loan & Emergency Advance Application
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On July 11, the SBA announced the end of the EIDL advance program. The SBA will still process EIDL applications, but the advance portion of the loan is no longer available to new applicants.
The COVID-19 pandemic has filled the entire world with uncertainty. Parents are homeschooling their children, many businesses have closed their doors or changed their operations, and workers have been laid off. If you’re a small business owner looking for financial relief, you may face another uncertainty: when you’ll actually receive your Small Business Administration (SBA) Economic Injury Disaster Loan and Emergency Advance.
Many small business owners facing financial challenges have applied for the EIDL program. If you’re one of the thousands that have submitted their applications, congratulations — you’re one step closer to getting the relief your business needs. However, as with other SBA loans, the EIDL program isn’t exactly the fastest source of funding. The addition of the Emergency Advance through the Coronavirus Aid, Relief, and Economic Security (CARES) Act and expedited processing of loans has made it possible to receive funds faster than ever, but many business owners are still in the dark about when funding will come through.
If you’ve applied for the EIDL and are waiting not-so-patiently for much-needed financial relief, you’re in the right place. In this post, we’ll look at the ways you can check the status of your loan, what you’ll need in order to check your status, and even ways to identify potential scams.
Need more information and resources geared toward small business owners during this Coronavirus (COVID-19) pandemic? Please check out the resource hub we've created.
Table of Contents
3 Places To Check The Status Of Your EIDL Application
The information below is sourced from the SBA website. Unfortunately, some merchants are reporting that when contacting the SBA, they have found that there is currently no way to check the status of your EIDL application. We presume that this is due to the high volume of applications the SBA has received. Be aware that some methods of contact might not work at this time.
There are three ways to check the status of your EIDL application, and all are directly through the SBA. Keep reading to learn more about these methods for verifying the status of your loan application.
Online Through The SBA Website
If you submitted your application online, you can check the status of your loan through the SBA website. This is the quickest and easiest way to verify the status of your EIDL. Please note that if you applied through the expedited COVID-19 portal, you will be unable to check your status online.
You can also log into the SBA Economic Injury Disaster Loan Portal using the email address or username and password with which you registered when completing your online application. Once you’ve logged in, you’ll be able to check the status of your loan.
You can also access the SBA Assistant. This also requires the username and password used when applying for your loan. 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.
By Phone
You can also find out the status of your EIDL application by phone. You can use this method if you submitted your application online or by mail. Call 1-800-659-2955 (the SBA Disaster Assistance customer service center) and make sure to ask for Tier 2 to ask about the status of your loan. The Tier 2 reps can also answer questions about the application process and other questions you might have. If you applied through the COVID-19 portal, the SBA will contact you, but you may be able to get answers by calling the toll-free number.
If you mailed in your application, this is the best way to find out the status of your loan, as you won’t have a username and password to log onto the online portal. On the plus side, this method allows you to talk to an SBA rep that will answer your questions, even if these go beyond finding out the status of your loan. On the other hand, though, you may be stuck waiting on hold, as other business owners are also inquiring about the EIDL program and loan statuses.
By Email
You can also reach out to the SBA by email to learn more about the status of your loan or to inquire about the EIDL program. All emails should be directed to the disaster assistance customer service team at disastercustomerservice@sba.gov. Use this method if you have additional questions about the program or submitted your application by mail. Otherwise, you’ll be better served using the online portal to check the status of your loan.
What You’ll Need To Check Your EIDL Status
What you’ll need in order to check your EIDL status varies based on how you contact the SBA. The easiest way is through the online portal. If you use this method, you’ll need the username that you selected when filling out your application. You can also use the email address that you used when signing up. Additionally, you’ll need to enter your password to access the portal.
If you call in, you won’t have a username or password, so you’ll need to provide additional information. If you applied online, have your application number ready. You may also need to verify additional information, such as the name of your business, federal tax ID, and/or your legal name.
If you email the SBA, make sure to provide your legal name and your application number (if you applied online). You may also be required to submit additional information, such as your business name, federal tax ID, or other identifying information.
If you applied through the COVID-19 portal, the SBA will be in contact with you regarding next steps.
Watch Out For These EIDL Application Status Scams
Whenever there’s money involved, you can be sure that there’s a scammer out there looking to take it, and EIDL funding is no exception. If you receive an email, double-check that the sender’s address ends in sba.gov. Some emails look legit, even utilizing the SBA’s logo, so make sure that you look over the email and check the address before responding. If you’re still unsure, use the email address or phone number in this post or the contact information found on the SBA website to get in touch.
Do not send any personal information until you’ve verified that the person you are speaking to is actually an SBA representative. Some emails may be phishing attempts to get personal information about your business, including your bank account information.
Remember, you should only be utilizing the SBA website to check your EIDL application status. Avoid websites that request payment to expedite funding or give the status of your loan.
You can report any suspected fraud online or by phone.
FAQs About Checking Your EIDL Status
I don’t have an application number. Can I still check my status?
If you applied through the COVID-19 portal, you will have to wait until the SBA contacts you regarding your loan status, even if you have an application number. Some applicants haven’t received an email or phone call from the SBA but did receive a deposit in their bank account from the SBA with an attached application number.
If you applied for an EIDL outside of the COVID-19 portal, you can call the SBA’s toll-free number to inquire about the status of your loan.
I’ve tried contacting the SBA but haven’t heard anything. What do I do now?
Unfortunately, many small business owners are finding it difficult to find out the status of their loans and have experienced delays in receiving their funds. The bad news is that borrowers that applied through the COVID-19 portal may not receive an update for several days or even weeks. Remember, many small business owners are seeking financial relief. Combine this with hiccups in such a new program, and it’s easy to see why there are delayed responses. Though it can be a pain, simply wait until you receive further instructions or communications from the SBA. This may even be in the form of a deposit to your bank account. Hopefully, more information will become available in the near future to provide further guidance for borrowers.
The SBA pulled my credit. Does that mean I’m going to be getting a loan soon?
When checking your credit history, you may notice that the SBA has pulled your credit. While some borrowers have reported receiving funds a few days after their credit was pulled, others were still waiting on their funds despite their credit being pulled. In other words, this shouldn’t be used to gauge whether or not your loan was approved or will soon be funded. Again, wait for communications from the SBA, and don’t forget to check your business bank account.
Be Persistent & Good Luck
Whether it’s been days since the status on the loan portal has updated or you’ve been put on hold when you call, getting the status of your EIDL loan and advance can be frustrating. Delays in processing loans — and other business owners seeking answers — have made things a bit chaotic for the time being. Just remain persistent and you’ll be successful in getting a status update.
If one method doesn’t work for you, try another. Make sure to have any additional questions ready if you call or email so you can get the answers you need more efficiently. And if your status remains unchanged today, try again tomorrow.
Need to learn more about the financial options available to you? Check out our COVID-19 hub to find resources, tips, and advice to help your small business weather the storm. Good luck!
Erica Seppala
Erica is a writer based in Greenville, South Carolina. She is a graduate of Limestone College. Initially determined to be an accountant, she put away the calculator and picked up a laptop to pursue her dream of being a writer. Erica has spent the past 10 years writing blogs and articles for hundreds of private clients, and she loves sharing her love of research and the written word with everyone around her.
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I processed a COVID-19 EIDL application on 7/16/2020, verified identity and electronic disbursement on 7/17/2020 and the application was approved 8/04/2020. Start to finish 19 days. Will update with actual payment disbursal when it completes.
This is just to let those who have not yet received approval know a general timeframe.
Hello, everyone! Completed an EIDL loan app today via SBA website, then reviewed and submitted, however, did not get a confirmation email. Application submitted was completed a bit after normal business hours. Should I wait and check my email at a later dates, or did something went wrong. Please, advise. Thanks!
P. S. I did get a confirmation page with an app#
I applied and was approved on July 3, I still haven’t received the money. Why is it taking so long? My business is really hurting right now.
Hi Shari,
I’m sorry your business is struggling! They are just inundated with applications right now. The good news is that you were approved (hooray for that!), so funds should be coming your way eventually… hopefully sooner than later.
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Sorry, i want to withdraw previous comment. This $1000 is not the EIDL advance, it is a EIDL loan. I believe Merchant maverick ADMIN is right, after JUly 11, people are no longer receiving EIDL advance anymore.
AMY BYNUM
Thu, Jul 30, 3:27 PM (1 day ago)
to disasterloans
Hello,
I got my portal last Thursday and I submitted everything. I logged out and went to log back in and it states that my user name and or password is incorrect. When I hit the forget my password button and type in my email address that the portal came to I never get a link to reset my password. I have been calling customer service since last Thursday and finally today someone gave me the link to forget your password. disasterloan.sba.gov/ela/account/forgotpassword1 When I went there I was able to reset password however I already had an account with the sba.gov website. So I set up another one with my business email thinking that if I logged in that one that I would be able to access my portal, but that was a dead end road as well.
where can you see your portal on the sba website when you log in?
Hi Amy,
You can try this link possibly https://disasterloanassistance.sba.gov/s/ and find the SBA Loan Assistant in the bottom right corner. Otherwise, I’d suggest asking a Tier 2 rep if they can help you.
Well, I got the 1k grant but was turned down due to unverifiable information. I got an email to please call them. I’ve tried repeatedly to call them only to be put in hours long wait queues only to end up cut off. there is go back button option if you hit the wrong option, and there is absolutely no way to view the exact issue online either. Typical gov’t program.
I got approve now I have been waiting two weeks to sign documents how long does it take.
Hi Shameka,
It’s a mess, and it’s different for everyone, unfortunately. You could try getting in touch by phone or email if you haven’t yet. Maybe an agent can tell you if there is a reason for the holdup or if it’s just moving through the process very slowly. Best wishes!
How long does an app stay on file after denial? I was denied for the loan but not the grant. I applied on 6/19 & still haven’t received anything does this mean I’m not getting the grant? Every time I call and speak with a tier 2 rep they just say everything is verified. What does this mean?
Hi Kim,
Unfortunately as of 7/11/2020 the SBA announced that they closed the advance program. So as we understand it, they are not issuing any additional grants regardless of the application date.
I was sent a denial because I failed to answer a few questions, I have been so frustrated. I send an email to customer service no one answered. I reapplied thinking this would correct error in 24 hours got an email duplicated denial. Seems they are faster to denial than assist. I sign into portal to correct application i see nothing. I sent an email requesting a paper application today lets see if that goes thru.
Hi Jaqueline,
You are only allowed one application per business, however, you can submit a reconsideration request. You can find instructions on how to do this on page 131-132 in chapter 7.28. RECONSIDERATION OF DECLINED LOAN APPLICATIONS of the SBA’s Standard Operating Procedures.
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This is my history!!!!!
7-7 do the app
7-8 got the email to make profile and the amount of the loan
7-24 got a call from SBA loan department and they say my app was approve
7-28 founds are in my business account….
Good look to everyone …..
I applied on the 17th of July, i have updated all needed, my status is saying your application is being processed. how long does it take, to get paid
Hi Sammy,
The timeline looks different for every business, unfortunately. It’s impossible to say.
My bank is withholding my funds from my loan via Sba after giving me 2500 because of typo era on last name yet it was released to my account by routing number and social security number the bank requires documentation from Sba how do I solve my problem I’ve called and email SBA everyday to no avail
Hi Donald,
Unfortunately, the only answer is to keep trying. I’m sorry.
I had got approve for both loans sba and eidl but when it was time to enter amount on eidl I selected the amount of 0 on accident now it’s saying I’m denied when I was trying to approve the money they were tryna give me I been emailing and calling and I’ve been getting the run around I ended up making a new application and that one got denied as well I just want to start over and approve the amount that was given HELPPPPP
Hi PJ,
You are only allowed one application per business, however, you can submit a reconsideration request. You can find instructions on how to do this on page 131-132 in chapter 7.28. RECONSIDERATION OF DECLINED LOAN APPLICATIONS of the SBA’s Standard Operating Procedures.
Applied in April, rcvd email on 5/3, grant deposited 5/4. Rcvd approval and loan info on 6/3, signed closing documents on the 6/14, still have not received my funds….. I have called, no one can tell me anything other than I am at the funding stage.
I also signed on 6/14 and still no funds deposited. Daily calls and no one can answer why. Others have applied, been approved, signed documents and received funds within a week, but I am still waiting. So frustrating!
I have called Tier 2 every day for the past 3 weeks, no one can tell me anything other than I am at the funding stage! I don’t understand how some people are funded immediately. I was approved for a loan under the $25,000 guidance, so why is it not being funded…… Who else can I speak to, because no one can get me answers!
Sorry Val, I wish I had the answer. All I can say is keep trying, it’s gotta come through eventually. Please keep us posted.
Hi Val, I almost have the exact same timeline. I called and spoke with tier 2, even emailed my loan officer, and all she said was I was in the funding stage. However, yesterday, I emailed her again, and she told me there was an issue with my banking information and call customer services. I updated my banking information and called customer services and confirmed it. So I am still waiting as well.
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I got the email to make the account , I selected the loan amount . Confirmed my identity . It’s saying that it is being processed but it’s not letting me review and sigh the documents. Does that mean I wasn’t approved? I haven’t received any other emails
Hi Kionna,
It sounds like it’s just moving through the process slowly. You would have gotten an email that said you were denied, so just hold on a little longer, and hopefully, it’ll wrap up quick!
Hello my Status is (AMOUNT CONFIRMED) , VERIFIED IDENTITY, COMPLETED THE DISBURSEMENT , and now I am waiting to Review and Sign Closing. Am I still waiting on the APPROVAL?
This comment refers to an earlier version of this post and may be outdated.
Hi Darcel,
It sure sounds like it! However, others have reported receiving emails that actually say “approved”, so I can’t say for sure. Fingers crossed!
I’m wondering if i could apply with my business tax ID. I have already applied as a sole proprietorship and got approved for $4,000. but Am feeling my computer business might not survive and i need a loan to sustain it. I was scared of getting a loan that might hurt me in my business but as time progress i deem it necessary to obtain the loan. Should the first approved application affect my new application am deciding to do.
This comment refers to an earlier version of this post and may be outdated.
Hi George, it’s one application per business. Any additional applications are withdrawn by the SBA. You could however apply for a PPP loan if you haven’t done that yet.
Does “Application Approved” mean that my loan is Approved??
This comment refers to an earlier version of this post and may be outdated.
Hi Rube,
I don’t think that would indicate a loan approval, but perhaps a prequalification. As in, the application looks good, we approve. Next step…
I was denied a loan, but it said that I was approved for the grant and that I should’ve gotten it already. Does this mean I’ll actually get the grant? I applied 7/10.
This comment refers to an earlier version of this post and may be outdated.
Hi Jacqui,
It’s highly unlikely. The SBA halted all advances effective 7/11.
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How much do your credit score have to be to get approved ?
This comment refers to an earlier version of this post and may be outdated.
Hi Gloria,
There isn’t a credit score requirement but rather a credit history review showing an acceptable payment history.
Question: I received an email saying my application will continue to be processed and they have withdrawn my other application. What does this mean? What will happen next?
This comment refers to an earlier version of this post and may be outdated.
Hi Philip,
It means they received more than one application for your business. When this happens, they withdraw any application submitted after the initial application and continue processing the first one.
This comment refers to an earlier version of this post and may be outdated.
i have same message so does that mean i will still get processed an how long it’s still on half a bar
Hi Tamia,
It just means they won’t process any additional applications for your business- only the first one received. The timeline is so different for everyone that there is no way to tell how long it will take for you.
Hello,
The same happened to me but I called (there was a 2 he hold time) and they said the system glitched (mine was last Tuesday) but also that my social had went in wrong. I DK if the social being put in wrong was a part of the glitch or she took it wromg to give me a status. It’s a week later and I still have not heard anything but I do know that they are way backed up. I recommend calling but put your phone on Bluetooth or speaker and go about you day until someone takes the call because hold times are long. Also, when calling, reconfirm that the confirmation number you are aware of is back opened. Identity thieves and scammers could also be using our info.
This comment refers to an earlier version of this post and may be outdated.
I apllied last sunday and minutes after i recieved an email stating i was pre-approved for the loan but havent heard anything since. Whats going to happen next?
This comment refers to an earlier version of this post and may be outdated.
Same Here, got the email saying we were approved the same day we submitted the application. Says its processing since and its been 2 weeks
I applied on the ninth so do I get the Advance grant
This comment refers to an earlier version of this post and may be outdated.
Hi Gloria,
Based on the language in the SBA’s statement, it is unclear. But from what we have been hearing from readers, they are not issuing anymore advances regardless of application date.
This comment refers to an earlier version of this post and may be outdated.
I received an email on Saturday dated the 15th saying they unable to approve my loan at the time either because my loan was less then the amount I received from the eidl advance or because I need more proof what does that mean ??
This comment refers to an earlier version of this post and may be outdated.
Hi Daija,
I would assume that it means your economic injury is less than the amount you’ve already received. And/or they need more proof to substantiate a loan.
The advances ran out of money on July 11th so no more advances were given from that date forward
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if my reason states “economic injury is less than the amount I received from the EIDL advance”
what does that mean? will I still get my advance.
do I need to submit more information
This comment refers to an earlier version of this post and may be outdated.
Hi Eric,
Unfortunately, the SBA has stopped issuing advances, effective 7/11/2020. From what we’ve been hearing they are not issuing grants on pending applications as the advance funds have been exhausted. The EIDL loan program and PPP loans are still loaning out money, much of which can be forgiven as long as requirements are met. We’ve also got a list of alternative funding options that may be helpful to you. Good luck!
This comment refers to an earlier version of this post and may be outdated.
hi Jessica, question?
so I applied as a sole proprietor, with my ss and business name, received an email with a offer on july 9th, submitted through portal, but when I went to verify my identity it states “they are unable to verify me, but I can still continue with application”, as of today 7/20 green box states in process? has anyone had this issue? and what can I do to have them verify me asap?
This comment refers to an earlier version of this post and may be outdated.
Hi Cisco,
This seems to be a widespread problem. I’d do whatever you can to get in touch with a Tier 2 rep and find out what you need to do next.
I applied last week and haven’t heard anything back…will the send email if not approved?
This comment refers to an earlier version of this post and may be outdated.
Hi James,
Yes, others have reported receiving denial emails. You should hear something eventually, one way or another. We wish you the best of luck.
This comment refers to an earlier version of this post and may be outdated.
All my paperwork was submitted and the documents was e signed and it said completed how long will it be before I receive the funds
This comment refers to an earlier version of this post and may be outdated.
Hi Mose,
The only way to (potentially) find out is to get in touch with Tier 2 and see if they can tell you. There have been no standard timelines established. Some are funded in days others wait months. I wish I had a better answer.
This comment refers to an earlier version of this post and may be outdated.
I was approved for my EIDL loan on 7/6 still haven’t received funds. My loan status still says application in process. Can anyone tell me how long could this take possible for me to receive funds. Thank you.
This comment refers to an earlier version of this post and may be outdated.
Hi Steven,
Unfortunately, no one will be able to tell you how long it will take for you to receive your funds, except possibly the SBA. Everyone’s journey has looked very different and there really is no standard timeline. For some it takes a few days while others wait months. The best thing you can do is carve out some time, sit on hold with the SBA for as long as it takes, and don’t hang up until you speak to a Tier 2 rep that can give you some answers. If they can’t help, try asking for a supervisor. Good luck!
This comment refers to an earlier version of this post and may be outdated.
Hi
I received this email.
We have received multiple applications from your business for economic injury as a result of Coronavirus (COVID-19). Your earliest application will continue to be processed and we have withdrawn application number …..from active consideration.
what does this means.
when will get a definite answer
thank u
This comment refers to an earlier version of this post and may be outdated.
Hi Mohamed,
It means they received multiple applications for your business and they are going to process only the first one they received. The timeline looks different for everyone, so I really can’t say when you’ll hear from them.
I am in the same situation, I signed the closing documents since 6/15 until now I haven’t received any funds yet. I’ve been trying to contact SBA through emails but no one answers.
This comment refers to an earlier version of this post and may be outdated.
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is there a way to amend my application. i need to add the right amount employees on my application?
This comment refers to an earlier version of this post and may be outdated.
Hi Keanna,
You might be able to make modifications in the portal as long as you haven’t accepted a loan offer yet. Otherwise, I’d suggest trying to reach Tier 2 via any or all of the methods we provide in this post. They should be able to help you make that change.
This comment refers to an earlier version of this post and may be outdated.
I applied,….appproved….and signed the closing documents. How long can i expect before the funds are deposited in my acct. ?
This comment refers to an earlier version of this post and may be outdated.
Hi Raymond,
We have a post on what to expect re: approval and funding time that might help clarify the process… but the truth is, it’s anyone’s guess. The timeline has varied from start to finish in under a week for some, and others have been approved and waiting for months with no funds to speak of. Hopefully, you’re in the first group. Please keep us posted!
This comment refers to an earlier version of this post and may be outdated.
Hi Raymond, can i ask you, how long did it take for them to send you the closing docs? I’m at the part when it just says application being processed..Next step is review and sign..but it hasn’t opened that link for me..Does this mean i will not get it or am i still waiting for approval? Thanks for any info you can share
This comment refers to an earlier version of this post and may be outdated.
Hi… it took them 8 business days to get my closing docs over to me… before then they were grayed out… hope that help.. now just waiting for funds
This comment refers to an earlier version of this post and may be outdated.
Loan was approved within 3 days. Just completed application today, correct bank account. Signed application today 7-21/20, awaiting direct dieposit.
This comment refers to an earlier version of this post and may be outdated.
Hi .. I’m in the same position,,,
7-7-2002 do application
7-8-2002 got email for how much the loan
7-24-2020 sign closing documents with the approval notice …
let me know if you know anything and I do as well ty.
I received email 130am talking about my application being process anybody else
This comment refers to an earlier version of this post and may be outdated.
Do I have to submit financial documents to be approval for the sba loan. My application say declined.
This comment refers to an earlier version of this post and may be outdated.
Hi Denise,
If documentation was requested, you would have needed to submit it.
This comment refers to an earlier version of this post and may be outdated.
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What does it mean when it says Confirmed amount identified identity and identified direct deposit but where it says to sign closing documents it’s grayed out also says application in process
This comment refers to an earlier version of this post and may be outdated.
Hi Sandra,
We really don’t have a lot of information on the portal. Getting in touch with Tier 2 is probably going to be your best bet- or perhaps another reader will be able to answer your question. Best of luck!
This comment refers to an earlier version of this post and may be outdated.
Mine has said the same thing, for at least a month now. I did attempt the 3 suggestions above for updates. One, is to our account which is what we are speaking about with the status of being processed, and on the phone line, I was just on hold for 20 minutes, when the recording let me know I was color 1075 in line. I don’t think I will hold that long thank you very much! I have not even received the advance though, which I thought would have been sent as the processing began. And now, they are saying no more loans OR advances. I could see if they continue processing applications they already have, but they may not be giving out advances now. My application was in sometime before June 15th. I sent an email inquiring about status, on June 15th, so I’m sure I had waited at least 2 or 3 weeks before doing so.
This comment refers to an earlier version of this post and may be outdated.
Hi Deborah,
I’m sorry! This situation has been handled so poorly; the comments left here are heartbreaking. You are correct about the advances- the advance program has ended however the EIDL loan program is still funding loans. It might be worth making a day of it to find out what’s going on if you haven’t been able to get answers elsewhere. Good luck!!
This comment refers to an earlier version of this post and may be outdated.
Deborah,
It is probably worth calling the SBA and speaking with a tier 2. The wait time was not long. I was caller # 921 and in less than 20 minutes, my call was taken/answered. They are very nice and will give you as much information as they have. Good luck!
This comment refers to an earlier version of this post and may be outdated.
I applied for sba and was turned down for loan due to experion credit report but approved for the advance still haven’t received it
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It means they are still processing your application. Mines is greyed out as well.
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Any updates?
Some of my friends told me that after that point it took 5-7 days to get the money in their account.
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FYI.. The amount you were approved for is only a Pre Approval. That button is greyed because you haven’t been assigned to a loan officer yet. Once you’re assigned, that’s when they’ll run a real credit check to see if you’re actually approved, and if so, what amount you’re approved for. Just because it stated you were approved doesn’t mean you’re actually approved for anything yet. Very Disappointing! Also, it was stated that they had an overwhelming amount of people to apply at the last minute that they are so far behind and backed up, but they will get to you at some point!.. Good Luck Everyone, we will get through this!
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I received the same reply and a few hours later I was able to esign the documents and submit them now I’m waiting for funding
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Sandra, mines said the same thing and after I confirmed my identity and approved the amount, it wouldn’t let me review and sign the documents. I received an email saying I was approved for an amount and it gave me the option to select the maximum amount or a lower amount. I checked back online about 3 hours later, and now the status shows decline and they will email me with the details. I am so confused, because they emailed me and told me that I was approved.
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Hello, I submitted an application on 7/6 and also assisted a friend with hers. She received her grant on Thursday meanwhile I haven’t received anything. I contacted the number and was transferred to tier 2 and was advised that there is no more grant funding even if your application was submitted prior to 7/11, also I was advised that my loan application is still being processed and I would just have to wait. I’ll update with any information that comes in. Just in case anyone is in limbo like me.
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I am in the exact same position. Your description was word for word. So here I am in limbo, and my friend had a $1k deposit, this morning. Incredible. I.m stuck in this, “Application is being processed” box. It says im qualified for an amount, but what does that mean?
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Hi Doug,
My guess is that they have qualified you and are now determining how much they are willing to approve you for. You could try getting in touch with Tier 2 for more details.
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WOW!! I applied mid June and am now being told they have no grant money. I have never received any communication from them!! I called everyday and was told it’s still being processed and I should hear something within 3-5 days.
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same here
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I submitted an application on the 6th of this month no emails n when I called to ask the status they didn’t have me in system using my social I also was unsuccessful when using email online can anyone help me
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Hi Rudolph,
I’d recommend calling back and asking for Tier 2 until you get some answers. I’d imagine they could look you up using information other than your social security number.
I got an email back saying I qualified for a loan up to 12k, is that the same as being approved?
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Hi Adrian,
If the email you received didn’t include the approval language (“You’ve been approved”) or instructions on how to accept an offer, then you should expect another email with more details.
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Hi Jessica
I applied for EIDL back in early June and received approval by mid month, followed by “Loan documents” to sign (Which I did by June 20). I have heard nothing since then and when I called today and got hold of someone in “Tier 2”,
all the person could tell me was that “my application is being processed as it has to go through various stages as there are 11 stages” and not only she could not tell me when I would received it the funds BUT could not even tell me what stage is my “already approved application” at! I reminded her that my friend received the loan two days after he signed the loan documents while a full month after signing loan documents, not only I haven’t received the funds but she couldn’t tell me what stage is my loan application at!! Any thoughts?
I would very much appreciate your input, thank you.
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Hi Shari,
I’m frustrated for you! I wish I could say exactly what to do, but there are just so many variables. I can tell you what I would do if I were in your situation. I’d call again (and again and again!)- make a day of it if need be. If the first Tier 2 rep is unhelpful, ask to speak to someone else. I’d even suggest asking for a supervisor (I have no idea if this works, but it is what I would do). Do you know who is funding your loan? I’d start making myself known there too. Be a squeaky wheel, make lots of noise until you get some real explanation. Best of luck to you.
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So my husband applied and got an email saying there were multiple applications and the original would be processed and so his application number was being canceled. He had no other application never received his grant. He called the SBA and they said this was happening to multiple people to check status online but nowhere in any application did it ask to create a username or password so he doesn’t have anything like that to input. He applied again almost 2 weeks ago and nothing has happened. I’m confused also why this article says it was updated July 6th but says July 10th they canceled EIDL grant applications.
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Hello,
I completed my application on 7/11 and the box to receive the grant was still there and I checked it. Will, I still receive the grant as well though they announced the grant portion has stopped. It’s very challenging connecting to a representative.
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Hi Chanel,
Unfortunately, the SBA’s announcement was very vague and did not specifically address in-process applications. I’d call a Tier 2 rep and try to find out if I were in your situation. Get some food and plug in your phone and make a day of it. I wish you all the best!
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I applied last week and have not received an e-mail or anything saying my application was received. Do I need to reapply?
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Hi Shameka,
I’d just give a Tier 2 rep a call to confirm that they have received it.
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I received a email 6 days ago saying my loan was denied due to credit! It was my understanding that even though my loan was denied, I would still receive a advance/grant. But I have yet to receive it, and I also use CashApp for my business account. Could that be the hold up in why I haven’t gotten my advance/grant? Is there a way to check the status on when I will receive the advance?
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Hi Trameka,
Unfortunately, the grant program closed 7/11/2020 and it’s currently unclear if they are going to fund in-process applications. You can try getting an update using the contact info we provide in the post. That’s going to be your best bet. Good luck!
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Part of that notice says to “new” applicants so lets keep dreaming! For them to add in that particular description of NEW, makes me think there was a reason and it was intentional to differentiate from current, in process, applications. But I also worry about the advance!
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So I just reviewed the email stating there were multiple applications from my business and My application was being withdraw from EIDL. What does that mean??
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Hi Kate,
If you submitted multiple applications they withdraw all but the first one. You may want to give Tier 2 a call for clarification, especially if you only submitted one application.
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Mine say the same thing and I only submitted one app ‼️So now I have contact the fraud department in the morning ‼️🙄 people are something else ‼️
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what does it mean when any of the lights are green anymore and I’m still waiting
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Hi Tiffani,
Give Tier 2 a call, they’d be better qualified to help answer that question. I wish I could help, but I just don’t know. Good luck!
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I applied for the loan, which was denied, checked the box for the advance, do I still get the grant
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Hi Elizabeth,
The SBA closed the grant program on 7/11/2020 but it is unclear currently if they will continue processing grants for applications received prior to the announcement. Hopefully, in-process applications are accounted for in the allocation.
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So for those of us that applied last month (6/26) will not be receiving the advance? or the loan if they don’t qualify?
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Hi Moriah,
Unfortunately from the sounds of it, the grant program has closed and no more grants will be allocated. The EIDL loan program is still offering loans to eligible applicants, but no- those that don’t qualify for the loan will not be approved.
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I already created an an account for the portal a month ago and seen a $$$$ loan offer in my portal. In the portal it said identity unverified , deposit completed. It would not allow me to verify identity by online. I was told by tire 2 if I don’t want the loan to ignore that and don’t touch portal. Today I get an email saying finish my eidl application or it will be withdrawn -mentioning my same application number. What does that mean? I do not want the loan only the grant. What do I do? I’m afraid to go to “application” as it seems like the portal account I created.
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T,
Did you already receive the grant? If not, it is highly unlikely that you’ll receive one. The SBA announced on 07/11/2020 that they had ended the advance portion of the EIDL program. Ignoring the loan would have no impact on your grant.
Can a business sba with EIN be process while and application with SSN is still pending.
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Hi Ayo,
If both applications are for the same business the SBA will withdraw the second application. The only way that you could potentially apply using both EIN & SSN is if you are the sole proprietor of one business and apply with your SSN, and then use your EIN for a second completely separate business under a different name, bank account, etc.
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I haven’t received an email yet I wanted to know is everything ok
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Hi Keisha,
You can try getting an update using the contact info we provided in the post. Be persistent!
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Hi, I got an email last night saying I was approved for the loan. I called this morning and spoke to a lady about the $1000 grant advance. I have her to receive it. She told me those funds are gone and that I’ll get an email when they are able to process that request. Yet last week I spoke to a lady who said that the grants are just taking a lot longer due to so many others applying.
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So I applied about 5 weeks ago, I have an at home catering business with 3 employees. When I originally applied, I forgot to check the box for the advancement, so I called Tier 2 and they told me that they were going to update my application to state that I wanted the advance. They pulled my credit about 4 days later but I haven’t heard anything since. I thought maybe if I submit a 2nd application with the box check, that would help but I received an email stating that they were going to withdraw the 2nd application and continue processing the 1st one. Cannot get through to found out the status.
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Hello Guys, i need some information, my grant advance for 5k was approved sent to my bank but did not go through because the bank account name is not in my business name but my own name..can this be rectify for me to get the 5k advance?
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Hi there,
It seems there has been a lot of situations like this over the last couple of weeks! If I were in your shoes I’d be relentlessly pursuing Tier 2 and the bank manager until the situation was corrected. Some banks seem to be holding funds while others aren’t. I’d be curious to know if it was just one bank in particular. I hope you get this fixed ASAP!
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My friends are having issues with Chase returning deposits…
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I never received the grant but I did receive a loan offer and accepted. It was deposited the next day. Will I still get the grant? I only accepted the loan because I was waiting on the grant and it never came.
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Hi Nichole,
I’m not positive since they just closed the grant program. Hopefully, they accounted for in-process applications, but the language in the announcement was vague so I really can’t say for sure.
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I applied for the loan and received a offer of $12,500 which I accepted. Does that mean I will get it? How can I update to my business acount information?
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Hi Dorothy,
Congratulations! If you received an email approval and a loan offer, you should expect to be funded at some point. If you need to update your information I’d suggest getting in touch with a Tier 2 rep using any or all of the methods we provided in this post. Hopefully, they can help you with that.
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Hi, i applied for the loan and received an email saying to create an account and when i did is showed that i was confirmed for 12,500. I also had to verify my identity and disbursement info..and now it just says application being processed..Next step is review and sign..but it hasn’t opened that ling for me..Does this mean i will not get it or am i still waiting for approval?
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Hi Theresa,
If you haven’t received a denial email, then it is still processing.
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Hi im currently going through the same situation last wed not including weekends its 5 days that i accepted the loan amount. Its still saying your application is being processed. Has anyone go through this? please help what should i do next?
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I got an email to set up an account to the portal and it gave me a loan amount I accepted it and now it says processing does this mean I was approved there’s still a box that is grey that says closing and review I’m so confused at this point am I approved or what
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Hi we apply for almost 2 months ago for EIDL grant or loan and nothing. we just received one email from SBA said we still review your application and we need to know the status of the application please
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Hi Doris,
You should try getting in touch with the SBA for an update. We’ve included a few different methods you can try in this post- hopefully, one of them works for you. The good news is that you haven’t received a denial, so stay hopeful and get in touch with them. Don’t stop until you get some answers. Best of luck to you.
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I received a loan offer for 15k but no offer for the grant. Will I still receive the grant as well?
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Hi Sasha,
If you applied for the grant you should get it. You won’t receive any communication about it, however. It just magically appears in your account. For some reason, over the past few weeks, it seems that the advances are processing slower than the loans! So don’t be discouraged just yet – I bet it will show up in your account soon. Best of luck! And congratulations on your loan approval.
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I applied for the EIDL and was approved, it’s been saying amount confirmed. I looked today and it’s saying declined. Is there a reason why? I’ve been in business for 5yrs now.
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Hi Michole,
How upsetting- I’m really sorry. You should get in touch with Tier 2 to try to get to the bottom of it. If you had been approved and accepted an offer, I can’t imagine why you’d be declined later. But only the SBA can answer that for you.
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Same thing happened to me. I am hoping that it is some type of mistake.
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We applied for EIDL in April, received approval of loan and signed documents on May 17th. We have not received funds yet. It is extremely frustrating but I did find out a couple things that might encourage others. First, I was told that if you are approved and have signed closing documents, the money set aside for you is safe. Second, the loan will eventually fund (I hope sooner than later); the representative said she has multiple loans that have not funded from May yet. Though there does not seem to be rhyme or reason to the process of who gets funds quickly, it sounds as if it will fund one of these days. I know there are many of you who are about to decide to close your business or not depending on these funds (I am in the same boat), hang in there, it should work out. Hoping for the best for all of you.
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My friend has a chime card do anyone know how long it take for the money to hit this take of card
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Hello. I have a question. I applied for this grant but can not remember if I checked the box for the loan. Will I receive a loan also or just the $1000 grant? And is it too late to apply for the loan if I didn’t check the box? Also, do we have to pay back the loan of approved? Thank you so so much!
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Hi Jacoria,
The EIDL loan application had a checkbox to request a grant/advance of $1k per employee up to $10k. So if you received $1000 already, then you checked the box- that’s the grant. And you’ll likely hear more regarding the loan in the coming weeks. These articles explain how the EIDL program works and how to get it forgiven. Hope that helps! Good luck 🙂
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Good day – I applied – or I thought I did – for the SBA $1000 Grant for contractor/zero employees
I received back – I’ve been approved for a LOAN ??? I do not need a loan – this will further increase my dilemma and adds another bill.. Did I fill out the wrong form? appreciate your kind assistance with this
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Hi Louise,
The EIDL loan application had a checkbox to request an advance (grant) on the loan of $1k per employee up to $10k. There was no application for the grant only. You don’t have to accept the loan, but you wont get the grant if you reject the loan before you receive the grant. Here’s a post that explains it in more detail.
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I submitted my app got a conformation number and that’s it did I get approved or not
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Hi Alona,
You’ll receive an email when your application is done processing letting you know the status. Here’s a post on the approval and funding time process. You can also try getting an update via the methods we suggest in this post we are commenting on – but if you just submitted your application (I’m unsure when you did) you could be waiting a while. We see everything from days to months, no two are the same. So just know that silence isn’t necessarily a bad thing. Good luck!
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Hello, I apply for EIDL but now I want to review my application. Do you know how to do it,please help me.Thank you
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Hi Bryan,
Call Tier 2 and provide them with the updated information. They should be able to help you with that, and if for some reason they can’t, they will be able to tell you what you need to do.
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I applied for my grant on 7/2 an still have not received an email or any notification about my grant I Broke my old phone an lost my application number so did I get declined?
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Hi Sam,
I don’t know the answer to that. You can try calling Tier 2 and explaining the situation and see if they can give you an update on your application. Best of luck to you!
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Hi I applied for the SBA loan and I got a offer loan and was approved.But I have not received a email or the funds in my account. I use my personal account for my businesss as well do that make a difference? Also I know others that has gotten there funds. What do you think the issue is?
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Hi Demika,
We’ve been hearing lots of reports of delays due to businesses using personal bank accounts for their business grants and loans. It certainly could be the cause of your delay. Plenty of people have received funds and plenty are still anxiously waiting. You can try checking the status or updating your banking information using the contact information we’ve provided in this post. I hope you get it figured out quickly! But you are not alone – many others are confused and waiting with you. Good luck!
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Did you signed your documents?
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Hey. I applied on the 30th of June. I just looked in my account this morning and saw it was deposited in the other bank account i have. I never chose that account as the option because it was in the negative. So if you have other accounts you use, check them. They have our information and I looked just to make sure. I did place my PNC account as the designated bank account, but it ended up in my Credit union account..The money had been sitting since last Monday and I didnt know it. So from June 30th(filling out application) , it shows it was deposited July 6th. I was just trying to see how far in the negative i was and saw that surprise. It was $1000. I just turned in my Schedule C yesterday. Obviously it seems i really didnt have to send that in if they asked for they already paid me a week ago. When i go to check on my status, it says i will receive an email. So they are sending it before getting all they need.
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I called and talked to a lady in tier 2 she told me.that was my hold up I also use my personal account for my business and she kept asking me is that a business account also I told her I write my employee a check out of my account and put payroll in the memo. I hope I receive my loan soon also. Good luck!!!
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A friend applied for the 10k.
And received and email in the portal for 4100. Will he not get the 10k? Hes confused and so am I. 💁
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Hi Angie,
The grant/advance is up to $10k – it’s $1k per employee, and capped at 10 employees. So perhaps your friend has 4 employees (or 3 plus himself)? You can find more information on how the grant works in this post. I hope this helps.
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I have a question I have a confirmed amount on my SBA portal, it’s been a week and some days since it’s be confirmed and saying processing with the doc signing grayed out. Does the confirm amount means it was approved and just waiting on doc to be finished or what? What does this mean what are the next steps because it’s now going on two weeks
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Hello,
It sounds like they are still processing your application. You’ll be able to sign docs once you’re approved. Here is a post on how the EIDL application process and funding time work. I’d also suggest getting in touch with the SBA via any or all of the methods we suggest in the post we are commenting on. They should be able to give you some kind of update.
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Responding to the post about the signing docs being grayed out.
I confirmed my amount and verified identity June 11.
I still have no funds the the “signing docs” is grayed out.
I’ve had MANY conversations with Tier 2 – and they’ve been able to see that I am already approved and have been told the funds are held for me. 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. On May 14 they did a HARD credit pull. On June 1 I was offered the loan. A tier 2 support person told me that SOME people are offered funds – BEFORE credit is pulled and those people end up learning later that the loan is then actually denied.
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. It is very hard to tell what the issues are .. Tier 2 says they are slammed and that there is no rhyme or reason for some getting it all smoothly (like my 3 other friends did – literally with in days of confirming loan amount)…
One other thing – my 3 friends took the collateral amount.
I only confirmed 20K..
I have no way of knowing for sure – but I wonder if Collateral amounts go through more quickly.
Had I known – if that IS the case – I’d have taken the higher amount.
It has literally been 3 months since I completed my original application and I read on here NEW applications in past few WEEKS getting confirmed and funded by now.
Very frustrating and stressful for those of us that need the funds to make the best decisions for reopening in the best way possible.
Good luck everyone – If my Tier 2 escalation comes through – I’ll update everyone.
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Hey I’m having the same problem But only filed 4 days ago but ifif anything changes for you could you let me know how that looks, wether it’s an email or it just turns green to sign docs? Any info I would appreciate it! On here or through email Izzyesco@hotmail.com thanks!
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Husband and I both are independent contractors and applied separately a week ago. The next day we both received an email that each of us were eligible for a loan. I received my 1000 grant but he hasn’t received his yet. Also we are undecided on taking the loans. How long do we have to make a decision before the offer disappears
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Hi Dana,
My understanding is that you have 10 days from the loan offer date to accept or decline before it expires.
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HI what if i forgot to check the box for the grant and was approve for the loan will i still get the grant
This comment refers to an earlier version of this post and may be outdated.
Hi Shameka,
Unfortunately, if you didn’t request the grant on the loan application you won’t receive it. You could try contacting Tier 2 and asking them how to proceed if you’d like to get the grant. You may be able to modify prior to accepting the loan offer.
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Hi,
When I applied it didn’t give me that option for advance grant
This comment refers to an earlier version of this post and may be outdated.
Hi Dee,
I’m not sure when you applied, but prior to 7/11/2020 there was a checkbox on the application (see page 27). The advances have been discontinued since then, however.
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I was approved for the loan , but I’m not able to sign my documents. I’ve verified my identity, i did the banking information but I’m not able to sign the documents HELLP
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Hi Henderson,
Give Tier 2 a call to see if they can determine the issue and help you sign your documents ASAP! Good luck!
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HI
I received a status update on my loan and they said it is in the funded status but I don’t see the money in the business account. It has been about 2 weeks. Should I give more time?
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Corey,
You should call Tier 2 and ask where they deposited your funds, and call your bank as well. If you have multiple bank accounts, check them all. It’s possible the deposit was made in a different account.
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Hi Steven,
I received the grant last month and just now received an email stating that my “application No. XXXX is ready for the next step. Create your SBA economic injury disaster loan portal account to provide additional details or requested documents.” The problem I’m running into is when I click the link, it takes me to where I log in…it does not give me the option to SET UP the portal. I clicked on forgot password, hoping I would get a password reset but nothing. I don’t remember ever creating portal account. Any advice?
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Hi Sommer,
I can’t say for sure- it sounds like a glitch possibly. I’d call Tier 2 to see if they can help you either resolve the issue or get you pointed in the right direction at least. I hope they can help you!
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I received approval on the disaster loan for 42k, but then only 1k was deposited into my account. What could be the possible reason for this?
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Hi Pat,
That was probably the EIDL advance – it comes without fanfare (ie email). If you were approved for and accepted $42k, then you should expect to see the balance deposited at some point in the (hopefully) near future.
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If I accept the amount offer and my application is begin process, do I still qualify for the advance? If so is their a delay in distributing the funds to the account?
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Hi Kathy,
If you checked the box on the application then you should receive the advance/grant eventually, as a separate deposit with no communication whatsoever. It has no bearing on the processing time of the loan.
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I received my decline letter today. I called tier 2 to update my banking info. She said she will forward it to her manager to update. Her manager will update the banking information when she check her emails at the end of the day . I just want to know if tier 2 supervisors loan officers because if so once she may go ahead and process after the update. Are tier 2 Supervisors loan officers? The tier do agent did mention I should give it to Monday before I call I’m not sure if she’s just saying that or if she means that this afternoon it will be processed bc she forwarded to her manager who she knows check her emails at the end of the day with mine in it and the manager is a loan officer.
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Hi Maya,
I’m sorry but I’m not sure. I’d suggest calling Tier 2 again and getting more clarification.
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I was wondering if anyone has experienced this. I recently received an EIDL Advance (“Grant”) and the funds were deposited into my personal account as I transact my business (sole-proprietor – consulting) through that acct.; and my bank placed a hold on the funds. Just discovering this. Haven’t yet contacted the bank. But these seems odd. Any insights?
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Hi Joe,
This is the first instance I’ve seen where the bank was creating the holdup, as opposed to the other way around. There have been a LOT of reports of delays due to businesses having their funds deposited into personal accounts. I’d definitely start by contacting your bank and providing whatever documentation they need to get your funds released. Good luck to you!
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my bank told me the exact same thing about the advance and it is in my name but they told me when it comes through and is processed it will be a
Held and I will need to supply a proof deposit statement from the SBA. I spoke with the SBA to you’re too and she told me she never heard of such because there is no such thing as proof of the deposit for the advance. I’m totally confused as well
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Hey Nicole,
I bet if you call again the rep will know what you’re talking about. I’ve been seeing more and more of these comments in your situation. Unfortunately, I think some banks are being sticklers and others aren’t. Call Tier 2 again (and again and again if need be) until you get some help. You should also speak with the bank manager and work your way up the chain. Make some noise! I’m really sorry 🙁 I hope you can access your money soon.
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My bank did this as well. I have $2,000 sitting in my account (they moved it to my savings and its unavailable) until I bring in a letter from the SBA and my business license. I have neither, so I guess I will have money that I am unable to use. I am also a sole-proprietor.
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I have a quick question . If you are unable to access your login portal does that mean you have been denied ? I keep getting a message saying “ error has occurred try again later “ when I attempt to login .
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Hi Darius,
You should (eventually) receive an email letting you know if you were approved or denied. I would call Tier 2 to see if they can help you figure out the portal issue and update you on your status. Fingers crossed!
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After I had accepted for the loan amount and waiting for the sign document from the loan officer to approve it. I checked my account this morning and 1K was paid into it. What would happen to my original loan request? I checked the status still under processing. Any ideal?
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Hi William,
This is probably your EIDL grant/advance. The remaining balance of your approved and accepted loan amount should be deposited once it’s done processing. Hope that helps!
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Hi, I applied and got approved and received my funding. However, I was wanting a copy of my application for my own records and I applied through the portal. All of the things on here are about checking on the status but I just want a copy, is that possible?
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Hi Alicia,
You could try getting in touch via email (email address in this post) and requesting a copy, but honestly, they are so inundated right now that I’m not sure if they’d be able to help you just yet.
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I received an email but nothing else .
I cant seem to reach anyone either ?
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Hi Laura,
All I can say is keep trying! We’ve included a few different means of contact in this post- try them all on repeat until you get somewhere. Good luck!!
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I was approved for my loan on 6/10 and have been in funding ever since. I have never received the grant or my loan. I called yesterday and was told that u=indeed I was in funding but could not tell me when I would receive the funds.
What does one do when you see that people applied in June and are being funded and I applied in April, Approved in June and have not received anything.
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Hi Pat,
Unfortunately, we don’t have an answer to that. I wish we did. If I were in your situation I’d call back and speak with a Tier 2 rep- don’t hang up until you get your questions answered. We wish you all the best!
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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?? It says or from what i read that it doesnt matter if you were approved or not but seems thought that before they even give you the 1k advance they wanna be sure that you are somehow gonna be approved for the loan,looks like its almost a false advertisement to get everyone applying just for the purpose of loans,but not really to help with people who has struggle and still struggling with the pandemic my side hussle to make extra money had been impacted.
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Hi Genalyn,
The grant is available to eligible applicants. So if you met the eligibility requirements for the EIDL but were denied for another reason, you would still be eligible for the grant. If you were denied because you didn’t meet the eligibility requirements, then you would not be eligible for the grant. You might want to give Tier 2 a call and see if they can give you any info on the status of your grant application. You could also try emailing the email address provided in the post. Good luck to you!!
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I never got the disbursement even though my status says the EIDL was paid to my bank account. Now I can’t get through to the SBA to find out why this happened.
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Hi Steven,
If you haven’t already, contact your bank to ask if they can see any pending or rejected activity on your account. And try sending an email to the SBA using the email address we provided in this post, as well as continuing to call Tier 2. Mentally prepare for long waits and unhelpful representatives- be pleasant and pace yourself. Don’t stop until you get some answers!
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what is the email to find out information in regards to the disaster grant? And if my nbank returned the deposit, may request a papercheck instead?
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Hi Kim,
We’ve included all of the SBA contact info in the “3 Places To Check” section at the top of this post we are commenting on.
We haven’t heard anything about paper checks being issued. I’d imagine you would have to get the banking information sorted out and wait for another deposit attempt. But someone in Tier 2 might be able to answer that in more detail. Good luck!
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I applied last Tuesday , received my email last Thursday and have been calling since this Monday to see if it was sent . 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.
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So I received an offer that I qualified for $6,500 which I accepted. Does this mean that I am approved for the $6,500 and just waiting for the closing documents.
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Hi Bryan,
Sounds like you were approved for the offer amount! Congratulations!
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was approved for the same amount $6500 BUT shows Your application is being processed for over 10 days still waiting
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Hi Robert,
Give Tier 2 a call to see if you can get an update. They should be able to tell you if they need more info or if there is an error holding up the process.
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I receive email with approval amount, I accepted but did sign any document. When will I get the email to sign docs?
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Hi Sean,
It’s really difficult to say, as everyone’s timelines have looked different. The good news is you were approved! Try to hang tight until more communication comes your way. You can always try using the contact methods we provided in this post as well. Congratulations and good luck to you!
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Hello!
So that I know I have the correct information, what is the website to receive the sba loan up to 10k and what is the website to apply for the grant?
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Hi Chiquita,
We have a post that explains How SBA Economic Injury Disaster Loan (EIDL) Emergency Advances Work & Where Your Small Business Can Get One. Check it out and please let us know if you have any questions about the process.
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Hi! Just wanted to share my experience.
I applied for the EIDL on 7/2 and on 7/3 was asked to set up a login account. Did that and went through the verification process. Haven’t heard anything back on that yet, but I did receive my 1k advancement today which is the 4th of July. So happy and thankful just to see that come through.
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Same process as you. What does your. Status say? That entire page. I can’t remember but during verification did it show our amount and payback amount monthly?
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I applied for the loan and grant then found out when I call someone was using my ss# so the rap was supposed to remove all the ones fraudulent and change my email because I made a mistake that was 3 days ago but I still haven’t received the grant
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Hi Taylor,
I’d suggest using the email address we provided in this post to send a follow-up email including all of the specifics they may need (to avoid back and forth emails/delays), and then you’ll also have a record of your communication. I would also continue pursuing Tier 2 until you get some kind of confirmation. Good luck!
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My mom is a business owner for over 20yrs but she does not have a business account. Will that prevent her from getting her advance?
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Hi Tanisha,
We have been hearing lots of reports of delays due to applicants trying to have business grants deposited into their personal bank accounts. Even some reports of recipients’ advances being held by their own banks. I can’t say for sure if she will experience the same issues, but it has been a common complaint lately. It may be worth her while to open a business account and contact Tier 2 with the new account info.
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I have a question . I need to know who to contact in regards to a updated checking account. I called tier 2 several times with no real help. My money was sent to my bank on 6/17 and returned from the bank the next day because somehow 1 extra number was added to my account number. Tier 2 says they have emailed the finance dept and i need to wait for there response. Will my loan get denied if this isnt fixed quickly? I need help with this
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Hi Johnathon,
I’d suggest trying to get a contact in the finance department and also use the email address we provided in this post to get your info updated. That way you have some kind of record of your attempts to correct and accept the funds since it is time-sensitive. And if I were in your situation, I’d just make a day (or week) of it, keep your phone charged and pursue Tier 2 relentlessly (yet politely – you’ll catch more flies with honey) until you get somewhere. Good luck!!
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I received an email that said my loan was approved about a week after my application was approved, and togo to the website to complete the next steps. When I went to the website it says the loan was declined. Which should I believe? Who should I contact? What should my next step be? Has anyone else had this issue.
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Hi Jay,
Call Tier 2 and send an email asking these very questions – You could even include a screen shot of the approval email you received and the denial in the portal. I also want to caution you to be very careful that you are not giving your info out to scammers! I hope you get it cleared up quickly! Good luck to you!
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I got approved on today and signed my documents, what is the next process?
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Hi AJ,
We have a post on what to expect during the application and funding process that might be helpful to you. But my guess would be that you should expect a deposit soon!
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Hello,
I got an email stating my information needs to be updated. When I put in my social it is not recognizing it. Should I reapply maybe I put the wrong digit in by mistake or do I need to keep trying to call them to update the information
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Reggie,
You should keep calling Tier 2 until you get through to someone who will help you. You can also try emailing using the email address we provide in this post. Best of luck!
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I’ve been calling but have been receiving contradicting answers for my 10k advancement one rep said I was declined bc it my revenue and my credit said n/a and the other rep said it hasn’t been processed yet and still being reviewed I got no letter stating that I was denied or email
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Hi Maya,
The advance is a grant of $1k per employee, totaling up to $10k max. I don’t think applicant credit is a consideration for the grants, but this post on EIDL Grant Qualifications can describe the requirements in more detail.
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I was originally approved for $39,400, at the time I accepted $25,000. I have been trying to get the additional $14,400 that I qualified for. I did fill out another application and have an application number, however I keep seeing “Call Tier 2” for help. Does anyone know what that number is? Every number I have ever called with SBA has been a dead end, and have not actually talked to anyone ever.
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Hi Don,
We have the number in this post under the By Phone section. I hope this helps!
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That number doesn’t work anymore. We are 4/1 applicants. Made error in email..ail.com instead of aol.com ..sent
Called and emailed correct email address. Called 2 weeks ago and the said offer was sent to the incorrect email address although they have the correct email
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Hi Lisa,
Try calling the first SBA number in our post 1-800-659-2955 and ask to be transferred to a Tier 2 representative. I just called and got right through!
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Hi Don,
Once you accepted the lower amount how long did it take for you to sign the docs and receive the money. I was approved for $39,600 and accepted $25k early yesterday morning 7/1 but I havent heard anything else. I read some ppl accepted and signed the loan all in the same day.
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Hi just wanted to share my experience with this process. I have a small catering company with 3 employees. I applied for the SBA loan and grant on 6/28 , got an email asking to verify business info and address on 6/29 did that the same day got an email 6/29 with loan amount I accepted and signed documents on 6/30 two days later 7/2 full amount was deposited into my business account. No signs of the grant yet. Hope this helps my whole process took less than a week.
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That’s the exact opposite of my experience. Applied for EIDL on March 21, was denied May 28, submitted reconsideration on June 22, EIDL claimed they never received it. Resubmitted reconsideration om July 9, and waiting for the denial which I should have soon. I have a Rock Climbing/Ninja Warrior gym. but you should be extremely happy with your outcome. I never even received the $1000. We are not all in this together.
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I received an email stating my information couldn’t be verified and was given a link to “fix it” on 6/19. I “fixed” whatever problem the same day. I received an email denying me for the loan on 6/30 which I expected but I still haven’t heard anything back about the grant. Does it usually take this long to get the grant money after I’ve already been denied for the loan?
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Hi Kiera,
For some reason, we’ve been hearing this a lot lately. The grants/advances seem to be processing slower than the loans. A denial doesn’t mean you won’t receive the grant, so that’s good news. All I can say is keep watching your bank account. You won’t get any kind of email from the SBA with the grant. It will just direct deposit into your business account once processed. There are other options out there aside from PPP/EIDL’s if you are interested. Good luck 🙂
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Hi Kiera,
Have you received your grant yet ? I’m currently waiting also. I applied on June 29th, and was denied for my loan on 7/3/2020. I have called SBA, and they just tell me it’s processing.
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How long does it take to process the loan application?
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Hi Justin,
It varies from days to months! Here is a post on what you can expect during the process once you’ve applied. I hope this helps.
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I applied on 6/27/20 and I’ve seen that a credit check was pulled yesterday 6/29/20 but I still haven’t received any corresponding emails whatsoever. Has this happened to anyone? If so what happened next or whats the next step? What was the outcome?
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Hi AK,
While some borrowers have reported receiving funds a few days after their credit was pulled, others were still waiting on their funds despite their credit being pulled. In other words, this shouldn’t be used to gauge whether or not your loan was approved or will soon be funded. When your application is done being processed you should receive an email letting you know if you were approved or denied. If approved you’ll then be assigned to a lender and offered a loan amount. You can try checking the portal or emailing for a status update, and of course, you can try calling Tier 2.Good luck!
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Yes, see I didn’t check the box for the advance since a loan is what I need to keep my business afloat. However, as of today I still haven’t received a portal invite or anything at all. 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. Has anyone else applied, got their credit pulled and that’s it?
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We applied 6/29, advance deposited that night, credit pulled 6/30, offered up to $80,400, we chose amount and have been “in process” ever since.
We’ve spoken to tier 2 and was told that no news is good news….So we wait with everybody else…Good luck!
What happens if your loan is sent back because it was too your personal account? Will they mail out a part check??
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Hi Rebeccah,
I wouldn’t count on that. You’ll need to update your banking information with your business account as soon as possible.
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Has anyone recieved the grant/loan to Cash App? Or have any info about whether or not it can even be deposited to Cash App?
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I applied 8 days ago for my business that I run out of my home. It’s a small e-commerce business, but I rely on it for a large portion of my bills and rent. I received a denial email for the loan today with the reason given being that the cost of having to halt my business, or my economic injury, is less than the amount of the advance I received. I kind of expected to be denied for the loan so that’s not confusing and I won’t go through the hassle of reconsideration, but the denial is predicated on my having received an advance when I haven’t. Does this mean it’s on the way? Is it normal to get the loan denial in advance of the advance?
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Hi KJ,
It’s been a common trend over the past couple of weeks to receive the loan ahead of the advance. So I imagine the denials may operate similarly. You could try calling Tier 2 to see if they can confirm you’ll receive the grant. Grants are not based on approved applications, but rather accepted applications, so you should receive one, but if I were you, I’d want to verify. I hope this helps!
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So are you saying “Grants are not based on approved applications, but rather accepted applications, so you should receive one” does that mean if we got the email saying to confirm banking info and a week or so later a credit check that we are considered an “accepted application” ?? It does say in the email “Your EIDL loan application is still being processed separately. As a reminder, you do not have to be approved for a loan in order to receive the advance.” … and where did you get that info? i have googled but cant find that info, is it on their website?
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Hi Freddy,
With the grant, no news is good news. A small handful of people have reported here that they received an email stating that the amount of their economic injury was less than the grant. But otherwise, the grants are reported to come without “fanfare” aka an email. They just appear.
Here is a quote from the SBA’s website:
This comment refers to an earlier version of this post and may be outdated.
I submitted my application on 6/23 I received an email stating my info could not be verified and to use the link provided to update my application, which I did immediately. On 6/29, I get multiple alerts stating there was a credit check from the SBA. Any thoughts, comments or suggestions? And is this typical. I ask because I have a colleague who applied and received their deposit the next day with no credit check at all.
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Hey there,
Your scenario is very similar to many others. It sounds like your application is being processed, so try to be patient. Some applications are processed in days, while others in months. It’s impossible to say why the discrepancy in processing times, though requested loan amounts could be the difference. At any rate, you could try calling Tier 2 for more information, though as long as your application is moving through the process, there may not be much anyone can tell you. Keep watching your inbox and spam folder, as well as your bank account. Fingers crossed!
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Today I received the following email with the subject line:
Multiple SBA Economic Injury Disaster Loan Applications
We have received multiple applications from your business for economic injury as a result of Coronavirus (COVID-19). Your earliest application will continue to be processed and we have withdrawn application number from active consideration
Does this mean I have been denied and I only submitted one application.
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No, it means that they’ve accepted the first application you submitted and withdrawn the rest. So your first application is currently being processed. That’s good news!
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Hi all! So, on hold for 1 hour and 40 minutes just now but I’m confused about the info I was given. The lady said there were no updates, but that the advance was being processed. Does this mean I WILL get the advance, it’s just a matter of getting it to my bank? While the loan would certainly be helpful, the advance would help so very much! I’m just confused bc a friend applied Monday, his loan was denied Tuesday (told on a phone call) and his advance was deposited that night.
My loan has neither been denied or approved, and no email of any kind has been received. However, the advance is, from what I’ve read, guaranteed if the application is accepted.(I applied the same day as my colleague who’s already been denied and received the advance.)
Should I be encouraged about the loan since it’s not been denied? Should I expect a quick deposit on the advance or months, like some others have experienced?
It’s hard when I’ve gotten no correspondence whatsoever, no portal invite, the places to check progress don’t help because I don’t have a username and password.
Sorry for all the questions……. hoping others, somewhere, have had similar experiences and might be able to shed some light on what’s to come!!
Thanks for your time! I look forward to, and welcome, any and all comments/advice/direction……..
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Hi Marty,
I’d suggest calling Tier 2 back and/or emailing the email address we provided in this post and asking these specific questions. If you’re eligible for the loan then you are eligible for the grant- however, eligibility does not guarantee approval. There doesn’t seem to be an exact timeline, unfortunately. We’ve seen the process finish and fund within days, while others take months. There are so many variables that impact the application process (requested loan amount, credit history, errors, documentation requirements, etc.).
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Hi I had got the same message for both of my business and I only did 2
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Hello! I submitted a scan of my driver licence on June 23rd, got approved right away and the $24K I had requested was received on June 25th!
Super fast.
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All they ask you for was a Id
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Hi everyone I have a quick question. I applied for the EIDL yesterday 6/30 and a few hours later I received a notification that my credit was pulled. Around 12am this morning I received an email stating i was approved for $39,600 but I only accepted $25,000. Since I have not signed my loan documents yet can I call and change it to the full amount without any issues.
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Hi Sheila,
Definitely call Tier 2 and/or your lender and request the change. They should at least be able to instruct you on next steps. Best of luck!
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Hi Jessica how can I find out who the lender is.
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Hi Sheila,
From what others have reported, you should get an email with a lender assignment when the SBA is ready to pass it off for funding.
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I was approved on June 6th and sighned docs and as of today July 1st no money yet they originally told me within 10 day I would be funded portal say I was funded for the last 2 week . Is this normal? I have talked to tier 2 over 20 times they said just keep checking bank for funds i did recieve the 1000 advance on June 18 waiting for 25,000
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Hi Steve,
If you haven’t already, I’d definitely suggest contacting your bank, as well as the lender assigned to you for funding to find out where the hang up is. Fingers crossed it comes through quick!
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If your denied for can you reapply if so how long do you have to wait?
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Hi Kym,
If you are declined for a loan and you disagree with the decline decision, you may request reconsideration within 3 months of decision date, subject to the availability of funds.
You can mail your request to the address at the top of the decline letter or
e-mail your request to pdcrecons@sba.gov
Your request must be in writing and contain all significant information that will address the decline reason.
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Quick question… Applied through the cc19 portal… Received the grant in my personal account due to the fact that my personal account is my business account. Now my bank is holding my grant money hostage… Requiring me to furnish my 1099’s and and some type of approval or application approval… I really dont understand it. The problem is that I sat on the phone for 1 hour and 17 mins, only to be greeted be a woman that claimed she couldnt help me with anything… No emailing of the approval or anything. I have not received and email at all yet. Anyone have any suggestions?
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Hi Keenan,
The grant comes with no email, unfortunately. You could try logging into the SBA Assistant to see if there’s any proof of the grant there. I hope that works!
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Does anyone have another number for Tier 2? the number provided above, I called and its saying the number is temporarily out of service.
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Is there a way to access your application once submitted? I’m almost positive I made a mistake on the application I submitted. I don’t think I clicked the $10,000 loan box. I then went in and submitted another application because I couldn’t get a hold of anyone via phone. I got an email this morning basically saying that they are currently working on the initial application-the one I think I made the mistake on and have withdrawn the corrected application.
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Hi Ravin,
You could try the SBA Assistant https://disasterloanassistance.sba.gov/s or keep calling Tier 2 for guidance.
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Hi. I applied for the grant I was sent a verification for it and completed it then I was offered the loan completed it but won’t be accepting it. I am inquiring about the status of the Grant I thought everything is in because it says it has been completed. What’s next? How do you know if you got it?
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The advance shows up “with no fanfare” according to the SBA. And all advance recipients that have reported here have verified that, by telling us that they never received any communication prior to receiving a deposit in their bank accounts. Over the past few weeks, we’ve received a number of reports that the advance arrived after the loan, or not at all. One possible explanation as to why you didn’t receive the grant is that you forgot to check the box on the application to apply for the advance/grant. Another reason is that the grant is still on the way, and you just need to hold tight. The only thing you can really do at this point is call the SBA’s Tier 2 support and see what they say.
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Hi do I get the loan and the grant?
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Hi Meonie,
You can read our post on How To Get An EIDL for details. Good luck to you!
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I have applied for loan and clicked advanced grant box as well two days ago, today i received e-mail portal has opened and i am eligible for $1000 but did not receive advance deposit. I called the SBA number they said portal and deposit are two different things that i should still receive the advance funds. They did not mention how long will it take to get it tho.
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Key point: I received my EIDL advance in my account only a full 10 days after my loan was deposited. The below may or may not have helped.
What I did: I tried called in the day after I only saw the loan, was told to email the reconsideration team, because perhaps I had only been approved for the loan, although on the initial call I was told I would be receiving an advance. Every time I had called to be transferred to a tier 2 rep who can actually make changes, the call was dropped immediately or after a few minutes. So finally a rep recommended I email pdc.reconsideration@sba.gov and disastercustomerservice@sba.gov . I emailed the first, and got a confirmation of receipt, but never a response; however, the funds were in my account 3 days later. I can’t confirm if this was coincidence or a result of the email.
Conclusion: From reading here I believe asking for a tier 2 rep is the way to go. If not try email, and as hard as it is, be patient as the grant & loan do not come concomitantly.
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I have a question. I applied for EIDL on 6/16. Have not heard anything except 2 days ago I was offered an amount for the loan but haven’t heard anything EIDL. Not sure if I want to accept the loan just yet however I got offered the loan but haven’t heard anything about the grant. Has this happened to anyone else? what was your outcome if so?
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Hi Melissa,
You won’t hear anything about the grant. It just gets deposited. As long as you checked the box to receive it, you should see it deposited into the account you designated on your application eventually. As of late, there has been an influx of applicants receiving the loan but not the grant or the grant has been deposited after receiving the loan. I can’t say why it’s happening, but just know you aren’t alone.
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Thank you Jessica. I will just keep an eye out and continue to wait. I hope everyone gets what they are needed and looking for. 🙂 I will come back and update in case this helps anyone else on here! 🙂
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I applied for EIDL loan on 6/29. I received the 1000 grant money. I haven’t heard anything about the loan money yet. If I received the grant does that mean I will be approved for the loan?
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Yes this happened to me today. Did you get the grant or did you apply for the loan?
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Where do I apply for the grant under what grant name
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Hi Enna,
Take a look at this post on how and where to apply for the EIDL grant/advance.
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Thanks so much for this site. It has helped me through some difficult times while awaiting my EIDL outcome. I was finally approved.
I have a question.
Has anyone forgot to put the advance and # of employees on their application?
I did. I called the the 800 # the Rep told me that he would put a request in for my advance. But, he wasn’t promising anything.
Has this worked for anybody? Meaning did you finally get your advance?Thanks
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This website / comments is great. So I thought I would check on a question. So I applied on 6/17 originally, they pulled my credit on 6/20. I have no email or deposit or anything. I am a real estate agent, first time requesting assistance. So here is my issue, I believe I did not check the box for the 10000 loan / grant but I only did that because I was just interested in $1000. However, I notice after reading comments that used my personal account. So I felt like I messed up and reapplied on 6/24 making sure I checked the box and used my business bank account. However, I have heard nothing and received nothing. Anyone else have a similar experience and received the deposit or any information? You think doing a second application made it worse?
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Hi Craaig,
The SBA will only process the first application they receive, so that shouldn’t have an impact on the timeline. Checking the box would only give you $1000 per employee, up to 10 employees. So if it’s just you, you’d get a $1000 grant in advance of the loan (theoretically anyway), regardless of approval status. However, many applicants have recently been reporting not having received a grant advance prior to even getting the loan. Meanwhile, others are reporting the entire process taking less than a week! So it’s anybody’s guess really. I’d suggest calling Tier 2 to see if you can get some clarification on your initial application. Best of luck!
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The sba is accepting ppp applications until June 30 but I can’t find a bank to take my application. Can you please advise on witch banks are still accepting ppp applications.
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Hi Marie,
We have a link to the SBA’s preferred lending providers in this post on how to apply for a PPP loan. Good luck to you!
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I applied for the EIDL on the SBA site and want to check the status. In your post it states that the status can be checked on their site, but I can’t find a link to do this. I have tried calling and am unale to reach anyone. Can you give a more detailed walkthrough to check it on the SBA website?
Thanks
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Hi Garrett,
We’ve got links to the portal and the SBA assistant in the Online Through SBA Website section. Hope that helps!
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I wanted to get this important update to people.
I had been in limbo (waiting on the final stage of signing electronic loan docs)…
I called several times.. I kept asking for reasons and if they’d escalate.
FINALLY – I begged – again for Tier 2.
Learned that my Fed ID number was missing – they only had my social.
And, I am an S corp and so is my business account.
OUTCOME;
Sadly- they have to send for the CORRECTION and escalate.
Ask for it to go to a mgr (I was really nice ).
they did so.
Now for the bad part.
I DID learn I am approved.
BUT- the change they have to make for me – so that they can fund me..
It can take SEVERAL weeks. 🙁
On the good side – I was told the MONEY will not go away – it is committed to me.
He said only FEW people can make the correction (loan officers) and there are not many of them.
SO. they are done on a first come first serve basis.
I’ll write back when (praying sooner than several weeks) I get those funds.
BOTTOM line – GET to a Tier 2 person – ask them to REVIEW your application and look for anything that looks out of order.
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Can anyone help with answers please. I have completed my EIDL application. They reached back needing resubmission if banking info. I replied incorrectly(banking address) about 4 times as I couldn’t figure out it was the address that was wrong. I’ve since then corrected the address error. Didnt hear anything back. Do I lose my original place in line. Will it take longer since I made the error? Any info is greatly appreciated.
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Hi Jaime,
In theory, you shouldn’t lose your place in line, however, it’s difficult to tell if applications are truly being processed in the order received anyhow. I’d suggest calling Tier 2 until you reach someone, and confirm the correction. They may not be able to tell you much, but they may tell you something! It’s certainly worth a shot.
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Thanks!! I got denial letter today anyone know if I’ll still get the grant???
This comment refers to an earlier version of this post and may be outdated.
Hi Jaimie,
I’m so sorry to hear that! You should still get the grant as it’s based on accepted applications, not approved. If you want confirmation you could try calling Tier 2 to see if they can tell you anything. This post on getting denied may have some other good options for you as well. Good luck!
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Did you receive your grant yet Jaimie the same happened to me
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What happens if two applications were submitted?
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Hi Inez,
The SBA will only process the first application they receive.
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I applied for the EIDL, I am an independent contractor. I applied and received the email to re enter my bank information. NOT one piece of information was incorrect. I have yet to receive my grand if $1,000 which I am in dyer need of. After a few weeks of not hearing anything or getting a response by the emails I’ve sent i have no answers. What do I do, I haven’t gotten a denial email or letter in regular snail mail. But they seem not like my bank information either, I tried to apply again using my other checking account which also is used for business and under the same name just a different bank and I get the same issue!!! Please help what do I do!! I need these funds terribly!!
This comment refers to an earlier version of this post and may be outdated.
Hi Morgan,
We hear you! You are definitely not alone. One possible explanation as to why you didn’t receive the grant is that you forgot to check the box on the application to apply for the advance/grant. Another reason is that the grant is still on the way, and you just need to hold tight. The only thing you can really do at this point is call the SBA’s Tier 2 support and see what they say. The FAQs in this post might be helpful to you. You may also want to consider looking into a PPP Loan For Self-Employed.
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Rachel,
I applied EIDL advance for my rental business….we have two employees, i applied jun 18, rec’ email from SBA to update banking info…on jun 19. Today, June 23, i received $2000.
You maybe need to open up a business checking in order to receive the money . good luck!
The paragraph below from SBA email on jun 19:
We were unable to approve many advances because the bank account was not associated with the business applying. Before resubmitting, you must make sure that the bank account you are providing satisfies the following:
–Account is opened using your business legal name matching the values entered in the business information section.
–Account has your business address and phone number matching the values entered in the business information section.
–Account is opened using your business tax id (EIN or SSN if no EIN registered) matching the values entered in your initial application.
Common reasons why the account validation might fail would be business name changed since opening the account, using a personal account for business, account being in someone else’s name such as a spouse or friend, reusing a bank account for multiple businesses.
====
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My decline letter said I got advance but it hasn’t deposited how long should it take already done the banking info update
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Hi Steven,
If the letter stated that you’ll receive the grant, then rest assured it should be on the way. You just need to hold tight; the only thing you can really do at this point is keep checking your bank account and call the SBA’s Tier 2 support and see what they say.
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I HAVE A QUESTION, A FRIEND OF MINE FILL OUT THE PPLICATION BUT SHE PUT HER INCOME WRONG. SO SHE RECEIVED THE MAIL TELLING THAT SHE WAS READY FOR THE NEXT STEP, BUT THEY DID NOT DEPOSITED THE ADVANCE YET. SO
CAN SHE RE-APPLY?
This comment refers to an earlier version of this post and may be outdated.
Hi Susana,
Your friend should contact Tier 2 and notify them of the error. The SBA only process the first application received, so re-applying wouldn’t solve the issue.
This comment refers to an earlier version of this post and may be outdated.
Your economic injury is less than the amount you received from the EIDL Advance. This is what my decline letter stated
This comment refers to an earlier version of this post and may be outdated.
Gotcha. I’d definitely suggest you keep calling Tier 2 until you get ahold of someone to find out the status of the grant. It sounds like they’ve allocated to funds to you, so it may just be a waiting game. But I’d want to know either way.
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Was told last Friday my advance is being processed
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Hello so I see you said you received your grant of 2k for your 2 employees did you have to accept the amount in order to get it for the grant portion or did they automatically just send it to you and you have to accept the actual loan that is related I’m confused because I clicked the box with the advance up to 10k thanks so kindly
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Hi Quetta,
The grant is deposited “without fanfare”. No email or acceptance communication for the grant – it’s just direct deposited into the account you specified on your application. If you’re approved for the loan, you’ll be contacted to accept the amount. If not, you should receive a denial email. I hope that helps!
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I’m an independent contractor for a major food delivery service. I don’t need the EIDL loan, but want the 1K grant.
I received a letter from SBA denying me for the loan but then also said this: “We are pleased that we were able to give you an EIDL
Advance under this program even though we are unable to make you a loan. We hope the Advance funds will provide some relief in these difficult circumstances.”
I received this email on Sunday (yesterday). Five days before that I received an email asking me to reverify my bank and personal name info which I did online. I used my personal checking account.
I’m assuming I will be receiving the 1K advance, I should see it in about one week right?
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Hi Rachel,
It sounds like you’ll be receiving the grant soon! Watch your bank account as it comes without any communication. Let us know what happens!
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Hi, can we get 2 separate loans?
my husband got approved only on his name , but we are both in the business can i also apply?
This comment refers to an earlier version of this post and may be outdated.
Hi Suzane,
You may be able to apply to more than one lender, but the SBA will only process the first application they receive. As far as actually receiving multiple EIDLs, this is only allowed if they are for separate businesses (each with their own EIN).
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I applied for the advance they sent me a e-mail for a loan for 15K I ACCEPTED IT..Put my banking info in then did a identity check..then finalized final paper work with an electronic signature.. and was / Approved does this mean I got the loan?? . AND CAN IT BE DEPOSITED INTO MY PRSONAL CHECKING ACCOUNT..I DO NOT HAVE A BIUZNESS ACCOUNT… Thanks for any help..
This comment refers to an earlier version of this post and may be outdated.
Hi Terry,
If you haven’t already, you should receive an email with lender contact info. I haven’t found any rules indicating that a personal account cannot be used, however, many applicants have reported experiencing issues/delays with attempting to have the funds deposited into their personal accounts. I’d suggesting reaching out to the loan officer assigned to you or calling a Tier 2 rep to find out.
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OH YEA! Forgot to keep you all updated. HERE GOES…I applied as noted/ For the 1,000.00 Grant on 17th on the 18th I got a loan offer Accepted it, Within a couple hours, They sent me an E-mail with the paperwork to sign Electronicly, Signed them..And on the 21st 2 actual business day later I got the loan… Still have not received the Grant inwitch I applied.. I’VE read some post stating they received their actual Grant 8 days later…after they received the loan..So I hope I’VE help some with a kinda, kinda process Inwitch they proceed…Even though I have NO idea if and when I’ll get the grant $…..
.
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Hello I applied on 7/2 received offer accepted.havent sign any documents yet what does that mean.
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Hi Lateisha,
It’s very likely that your application is still processing. You can always try getting in touch using the contact info we provided in this post if you’d like an update. Good luck!
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Hello everyone :
Is necessary to send bank statement or documents ?? 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. I emailed to him both document and now he asked me bank statement. I am confused is this scams, even if he has gov account. I read a lot of comments but I could not found like this kind of situation. Thank you
This comment refers to an earlier version of this post and may be outdated.
Hi Yaki,
Those don’t sound like unreasonable requests, especially if coming from an sba.gov email. But- we do outline the documentation that you should expect to provide in this post on applying for an EIDL. I hope that helps clear things up!
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Thanks
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I got A Email stating my Loan and my Advance is being processed that I didn’t need to do anything further
then 2 days later I got A message that they needed me to verify account then I haven’t heard anything further can anyone help me with what might be going on Thank you
This comment refers to an earlier version of this post and may be outdated.
Hi Brandie,
You should receive an email with next steps. And since you’ve already received one email successfully, I’m confident you’ll receive the next one. Just hang tight, or give Tier 2 a call to see if they can give you an update.
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Does your credit score determine if you will the EIDL loan, if so. what credit score are they looking for to approve you, or can you use to tax return to get approval if your credit score is not up to par.
This comment refers to an earlier version of this post and may be outdated.
Hi Marcia,
No specific credit threshold has been stipulated, however, there’s nothing in the rules that forbids lenders from checking credit and it makes sense that they would. Payment history and derogatory remarks, delinquencies, judgments etc., will be considered.
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Received the loan today (6/18). Never received the advancement….just wanted to keep everyone updated. It was 2 days after accepting and signing all the documents. I originally applied on 4/15
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I applied for EIDL 6/17/20 got a loan offer of $1200, no grant. I realized I messed up and put 0 instead of 1 employee. I couldn’t find anything at the time if I should put 0 or 1 as I’m an independent contractor. Found out today I should have put 1. I decided to just reapply with correct info. Surely they have to let you edit a mistake? Also when it asked for expenses I put $0 as I didn’t claim any on my taxes. I read an earlier Reply someone said it may be too late to receive the grant if you mess up, that seems unlikely as mistakes can be made and it’s not like months have gone by.
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Hi TerriO did your status read that your application had been Approved for this like 500.00 dollars.
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I received the portal but cannot login and try to reset password but no email link send . I was told we have the offer amount but if I can not login , I cannot get it . Any help
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Sze,
Definitely try calling Tier 2 (and/or your lender if you’ve been assigned) and let them know the situation. They should be able to guide you or at least put a note on your file.
This comment refers to an earlier version of this post and may be outdated.
A few questions and some info.
Two of my other business owner friends and myself applied at the same time.
We are all in the same business. Entertainment – Live Stage Theatre.
We all received an email telling. us to sign up our portal around early June.
We all did not notice it.
So, June 10 one replied. He completed the first 2 tasks and got a call the. next day. Loan Officer asked some verification questions – and June 15 he had his funds. 41K
Next- I responded on June 15 – and luckily got in on a call right away.
She. helped me with the first 2 steps and said I’d hear from some one.
I have heard nothing – When I log in it still says “application in process.”
I was offered 28 K – but asked for 20 K – over 25 K requires collateral.
I have heard nothing – no email or call.
Question ? When one is told they qualify for an amount – does this typically bode well that they will actually be approved. My credit was HARD pulled May 14. And I did receive 2K of the forgivable separate advance.
Next – my other friend responded on June 15 – I actually walked her through it. She was legible for 40K .. She hit submit and they immediately got a call. They said all looked good – but she needed to remove her credit freeze. So this lead me to think that one is NOT actually pre approved on any level when told the eligible amount.
Thus – I am left with two things of consideration.
1) Why is mine taking longer – when my credit had already been pulled before I was sent my offer.
2) For me – it is day 4 since completing the first 2 steps. So I wonder – do the collateral loans get through faster and easier?
Appreciate anyones info or insights.
Thanks – and good luck to everyone . the SBA loan will allow us to weather the storm. (we’ve been in business since 2003 and are very important to the industry as we bring IN income for the theatre ) they really do need us – we are essential to the industry.
This comment refers to an earlier version of this post and may be outdated.
Hi Leigh,
You’re not the only business owner this has happened to. There are business owners who applied back in April who still hadn’t received their loan as of June, while other businesses who applied in June have already been funded. Sometimes, the lender might need more information from you to make the loan decision, so this could be a possible reason for the delay, though they should reach out to you to if this is the case. You can call SBA Tier 2 support to check the status of your EIDL.
This comment refers to an earlier version of this post and may be outdated.
where do I go to check loan status
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Hi Olusegun,
We’ve included all that information in this post. Check it out!
This comment refers to an earlier version of this post and may be outdated.
Thanks for replying.
I reached out to Tier 2 a few times.
Different things each time.
I ‘ve been told each time NO loan officer has even picked up my account.
They have escalated it 2 x. I have been told that since credit was pulled before offer to me, that loan likely “approved” – but the loan officer needs to create the loan DOCS.
However, the last Tier 2 I reached notice my social security number (vs FED ID ) with my S Corp.
She changed it today to have my Fed ID number.
Originally – my app (which I received 2K form the advance fund) had been done that way so they could check my credit (which is all under my Social Security number) ..
I am not convinced this was the issue – since NO loan officer has ever even reviewed my file which remains in limbo.
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Is the EIDL advance taken out of the loan amount?
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Hi L,
The short answer is yes, it should be. But this post on How SBA Economic Injury Disaster Loan (EIDL) Emergency Advances Work & Where Your Small Business Can Get One will be able to explain in more detail. I hope that helps!
This comment refers to an earlier version of this post and may be outdated.
Does anyone know what are the chances of getting approved for the disaster loan?
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Hi Alma,
It completely depends on your eligibility. If you qualify, you should get approved!
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Just apply. I didn’t think I would be approved and I got approved. Apply.
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Like many of you I applied at the start of April, received the grant about to weeks later , then received a email earlier this month tell me to
Create a account to view my loan application, did that , filled the documents , got approved, received funds abort twos later .
My question is , they quoted me loan amount of 12,500 I only requested 8k , I was wondering I can go and request the remaining amount I was quoted ?
This comment refers to an earlier version of this post and may be outdated.
Hi Reggie,
If you already accepted a loan offer, it’s unfortunately too late to revise your application, as currently no loan modifications are allowed.
This comment refers to an earlier version of this post and may be outdated.
I’m an ag-based business. Applied as soon as the portal was available (3/30-ish?) Didn’t hear anything until got the advance on 4/30. Received an email from an SBA loan specialist on 5/8 to confirm info, replied right away. Didn’t hear anything for awhile until the SBA checked my credit on 6/11. Then yesterday 6/15, received the portal email and offer, which was in the ballpark expected. Signed documents, then approval was about an hour later, now waiting for funding.
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A followup…got funded today. Good luck to everyone and be patient.
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I got a letter asking me to confirm my banking info on the 14th but I havnt heard anything else is this a sign of hope?
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Yes its a sign of hope they will check your credit and take it from there.
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I check my status on the website an it still says your loan is in process an I was egible for 3,300 is that a good sign
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Hi Betty,
That doesn’t sound like bad news to me! You can always try to call Tier 2 for an update, but chances are, they won’t be able to tell you anything more until it’s done moving through the process. Hang in there!
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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. I wanted to touch down on our journey as we maneuvered blindly through the sba bureaucracy, incase it will help anyone else hold onto their sanity.
Apr 2nd we applied for the EIDL, application # low 3300’s, with 1 employee. Some, but not all info we needed was our, EIN#, tax forms & business bank acct info.
Approx 4wks after application, our credit was checked, we receive alerts from a credit monitoring agency.
May22nd received email stating application was still being processed.
May 26th received loan offer.
May 28th accepted offer.
June 4th loan deposited.
June 12th $1,000 deposited.
We never felt sure about this loan since there wasn’t any direct contact or answers from the sba. We didn’t get our hopes up after we received the loan offer, only after the loan was deposited did we feel the sigh of relief! And it was a head shaking moment when the $1,000 was deposited 8 days later. It seemed like most people were receiving theirs before the loan.
Good Luck to all in their journey!
Approx
Received
This comment refers to an earlier version of this post and may be outdated.
Thanks for the info. Seems like everything just stalled
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applied last Thursday for the loan ..was approved ‘after signing electronic signature / had no hope of truly receiving the loan…. Woke up this morning on Monday 4 days later loan amount in the bank.Still no 1,000 advancement witch is what i originally applied for.. BUT hear it seems to come 4 to 8 days after the loan…MY OPION IF YOU GOT APPROVED AND SIGNED THE 2 AREAS WITH THE ELECTRONIC SIGNATURE ON THE FINAL DOCUMENT…YOU’LL GET YOUR LOAN AMOUNT…HOPE THIS HELPS BUILD EVERYONES SPIRIT’S….THANKS S.B.A…..
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What if i just want to get the advance loan not the actual loan that i have to pay back. I have received the portal that i was approved for $1000 but if i put my information i will have to pay it back. Not sure if they will ever get the forgivable $1000 advance not the actual loan that i have to pay back.
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Alp,
The grant does not need to be repaid. If you just decide not to accept the loan offer, when presented with it, there will be no loan, but just make sure you’ve received the grant before rejecting the loan.
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TIMELINE of our APPROVAL
About our business: Gross Rev $1.8 Million, $890 COGS, about $500k in Operating Expenses. 7 Employees, Publishing industry, located in Ohio, 27 years in business. 1 owner. Personal credit score 620 – no bad things but very high CC balances. Only had 2018 taxes, had filed extension for 2019 but provided 2019 P&L. Offered equity in home as collateral.
3/23/20 – applied for EIDL on “old” application site (same day Ohio became eligible)
4/14/20 – received multiple auto-emails about the changes to the EIDL program (addition of the Advance), and encouraged to re-apply on the “new form” in order to receive the advance. Email clearly stated it would not hold up application review process to do so. Re-applied on “new form.”
4/17/20 – sent email to Customer Service with both application numbers, asked for confirmation that they are connected together and it will not delay our processing
4/19/20 – $7000 advance/grant appeared in our bank with no email or anything
4/22/20 – rec’d email from SBA that we will soon get a Portal Login to check the determination on our loan
6/15/20 (yes – a full 2 months later!!) – rec’d email with Portal login. Stated we are Eligible for $150k over 30 years. Completed Identity Verification and selected loan amount.
6/15/20 – about 30 minutes after completing those tasks, got email that loan was Approved and documents appears in the portal to be signed. Signed documents. Home was not listed as collateral in loan docs (just general business asset lien). Use of Funds specifically state “working capital only.” Loan proceeds will be $100 less due to Filing Fee and we assume the $7000 will be deducted too per the program policy (though this wasn’t stated anywhere on the docs, nor did docs outline if disbursements will be in chunks or one lump sum).
6/16/20 – waiting for Funding.
Will update when funded.
Stay vigilant and patient guys. One way or the other you will get an answer, but it seems like it does take several months. Hopefully you were able to get a PPP to patch you thru like we did.
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Hello, this is Catherine with an update.
Funded today 6/17/20, full amount minus $100. $7000 advance/grant was not deducted, which was a big surprise to us.
Stay patient all. One thing I learned from reading these messages is that if you connect a personal bank account there are often problems with the funding getting deposited. It seems like they are wanting to deposit into business checking accounts. Might be for security purposes.
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I submitted my application for the EIDL and recieved the loan and accepted the offer but I have never received the 1000.00 advance or grant. When I filled out the application a worker from the SBA instructed me when asked how many employees to put zero since I’m an independent contractor and I have no W2 employees. Was this incorrect information and how can I receive the grant or advance. Please any advice or who to call would be great.
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Hi Marlene,
Unfortunately, that was not great advice you received. You can count yourself as an independent contractor. I’d suggest reaching out to Tier 2 or your lender to see if they will make the correction, but it may be too late.
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One question: I was confused on what to select for the grant. Can someone direct me?
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Hi Janice,
I’m not completely sure what direction you are requesting, but if you are trying to figure out how many employees to claim, we have a post on how the EIDL and Advance programs work. That post states:
So you can claim yourself as one (if self-employed), and up to 9 additional employees.
If your question is “Where do I select the grant?” You can find instructions on page 27 of the Official Documents. If that doesn’t answer your question, please let me know!
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Is there a way to edit the application? I put “0” as number of employees and I am thinking I should have put “1”. I am an independent contractor. I cannot get a hold of anyone by phone. Thank you.
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Hi Marcella,
You are correct; you can count yourself as an independent contractor. If you’re not able to edit the application itself, and you haven’t yet been assigned to a lender, I’d suggest you just keep calling Tier 2 until you get in touch with someone. Good luck!
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Hi,
We have approved over 6 weeks ago for the idle loan. We have been checking and calling several times and nobody seems to know when we will be funded. Is there anyone being funded at all? How long to we anticipate the waiting. When they came out with this program it was supposed to be funded within a couple of days. I just need to know so that we can make business decisions. We have had to put some business decisions on hold because we are not sure if this is going to fund and when. We have been patient and believe we will still get funding, but on the other hand unsure as well. While economy is now opening these small business need the disaster idle loan to keep their business open.
Looking forward to hearing back.
Thank you.
This comment refers to an earlier version of this post and may be outdated.
Hello Quinann,
If you were approved 6 weeks ago, I’d definitely expect you to have been funded by now! Many others have detailed their timelines, which may be really helpful to you in identifying where you are in the process. If you’ve already tried all the methods suggested in this post, you may want to get in contact with your local SBA office. They. may be more accessible. I sure hope you get funded quickly!
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I applied for the EIDL back in March. Did not hear anything for a while then finally received an email to create a login to the portal. Never received the grant. I was approved for a loan but elected for the lowest amount of $1000. I received the loan closing docs about a week later and about 5 days later I received the deposit of just $1000. Still have not heard anything about the grant of 1k for an employee. I am a sole proprietor and don’t have any other employees. Has this happened to anyone?
From the docs the 1k was the loan and not a grant. Wondering if i will ever get the grant. I called SBA and spoke to tier 2 before i received the loan amount and the rep said i would received the grant on the back end meaning when i complete the loan application I would receive two deposits. 1 for the loan and 1 for the grant. However that did not happen.
Lastly, I remember filling out the initial EIDL form online. I read to put in 0 for number of employees if you are a sole proprietor with no additional employees. Can any please confirm you entered 0 and still received the grant? I have a feeling this might have something to do with it but not sure. Thanks!!
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From what I have read, I was under the impression that as a sole owner you are also an employee, therefore you would put down a 1. Maybe that is the reason why you didn’t receive the grant. Reach out to SBA.
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Just FYU, the same thing happened to me. Then about a month after receiving the $1000. I received a email that I was approve for the loan. I had to verify my banking information. Then 2 days later I had to Doc sign. Then 2 days the money was in my account
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I am a sole proprietor and entered 0 into the field for number of employees and received the $1000 grant.
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I received an email to create my loan portal account but I only want 1k grant not the loan. I applied 2 days ago and haven’t received the grant yet. Do I need to create the log in for the loan portal account in order to be approved for the grant? Thank you.
This comment refers to an earlier version of this post and may be outdated.
LN,
If you checked the box to request the grant on your application, that should do it. You do not need to accept the loan, if approved. However, the timeline for grants is all over the map. Some people are receiving grants within days, while others are still waiting months later. You could try calling Tier 2 to see if they can give you a status update, but it sounds like their information is fairly limited. I hope that helps!
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So confused.. so I applied for both the EIDL and the PPP loan back in late April. I never heard a word about the EIDL. But was approved for the PPP on 5/11/2020.
I was so excited. But that was short lived because it’s over a month later and it’s still not funded. Even though bluevine shows it as such. Been jumping thru their hoops for 4 weeks with no clear outcome.
BUT my real question is this. Out of nowhere this morning I got the email to create my loan portal for the EIDL. I haven’t seen any grant money as of today and the loan is for $1900. I quickly approved it. So even if they deny it, am I entitled to the $1000 grant? Is it odd I haven’t seen it before the portal email?
Thanks so much!
This comment refers to an earlier version of this post and may be outdated.
Hi Troy,
If you are eligible for the loan, then you are eligible for the advance/grant, even if your loan application is not ultimately approved. This post on how EIDL Advances work may be helpful for you.
This comment refers to an earlier version of this post and may be outdated.
I was recently approved, and wanted to give everyone some information on how the process worked for me. I do not know the exact date that I applied, but it was definitely towards the end of April. The whole process took me less than 2 months.
Here’s the timeline:
Day 1: Applied for the EIDL
Day 2/3: Received emergency grant money ($1000 per employee)
Day 30ish: Received an email requesting I create an account and apply for EIDL
Day 45ish: Approved for funding
This just happened, so I am waiting to see how long it takes for the funding to arrive. If it’s anything like the grant money, I’ll be receiving it ASAP.
This comment refers to an earlier version of this post and may be outdated.
Just an update for everyone who needs some hope. I received my FULL requested amount. That means funding is NEXT DAY once approved (it takes a day for funds to settle into your bank account).
Again, I did nothing special. I provided the correct bank account info, and responded to the emails/requests on the website. The whole process was probably around 45 days and would have been less if I had stayed on top of my emails — as I went a week or so before responding to the initial request to create an account.
Good luck!
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I just received an email saying create my account and I was approved and had to identify myself accepted the loan amount what’s next.
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You should be receiving funding soon Shay if you haven’t received it already. Expect to see it in your account.
This comment refers to an earlier version of this post and may be outdated.
Friends, please call 1-800-659-2955 if you are having a problem with your EIDL loan and advance. You can find this number by visiting https://www.sba.gov/about-sba/organization/contact-sba
There you will find a person who answers the phone and can help you.
If you have not received anything about your EIDL, then there might have been an issue with your application. For example, if you have selected that you made zero profit for the year, then you were not eligible for the loan. If you did not pay taxes on profit on your tax return for last year, then you may not be eligible for the loan/advance. I am not sure about that. You could try just saying that you made a $1000 profit and see if you get the advance then, but I am not condoning lying about this. I hope this helps someone in their search of getting the free $1k.
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I filed an application for the EIDL disaster loan and was told that I would receive $1000 per employee. I’m the only employee. Never heard anything until two weeks ago I got an email with a approval of a $2500 loan. I called and they said that I would get the thousand dollars after I approved the loan. So I approve the loan filled out signed the documents and there was an error in the processing and it is been hung up for two weeks. I cannot reach anyone about it..
This comment refers to an earlier version of this post and may be outdated.
Hello Donna, Try to call customer service and speak to a tier 2 rep. Maybe they can get to the bottom of it. You mentioned being the only employee in your company. Do you remember if you entered 1 or 0 for the number of employees when filling out the EIDL form? Thanks
This comment refers to an earlier version of this post and may be outdated.
Hi there. I was reading the comment above. What if I entered a “0” for number of employees. I am a independent contractor and have not received the $1,000 grant. I did receive the email about moving further on the loan application. I have waited 30 minutes on the phone only to be hung up on.
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I finally received a letter stating I would get $2200 but have yet to see a deposit for the emergency fund.
I received access to client portal with disclosed net deposit amount, I verified information but the DocuSign section is still grey and has been for 6 days, they say they are processing my application.
Does it mean I am already approved for the amount listed as net deposit and I just have to wait for a lender to be assigned?
How long does the process take to get the DocuSign? How long after DocuSign for finding? I originally applied around April 7th.
Thanks all!
This comment refers to an earlier version of this post and may be outdated.
Hi Kristen,
Unfortunately, there don’t seem to be clear answers to your questions. Others have reported a variety of EIDL application timelines, though most say every step of the process took longer than expected. You should receive an email from the SBA either approving or denying your application (maybe that is the letter you are referencing). Assuming you were approved, I believe the net deposit amount noted in the SBA loan offer should be the amount that the lender deposits, once assigned. Hopefully, another reader will be able to speak to that from personal experience. I wish I could offer more concrete answers for you — the process has been nothing short of inconsistent and communication is lacking, to say the least!
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I am I dire need. I applied for the SBA loans in March when it was available. 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.
I applied BEFORE that was put into effect. No other loan/grants/funding has worked for my business. Being a sole proprietor who has a business account through the local credit union and despite the fact that I have personal credit cards and accounts through chase, they won’t work with me for a ppp loan since I don’t have a business account with them.
I feel the government has forgot about me. I feel helpless and hopeless.
This comment refers to an earlier version of this post and may be outdated.
Hi Micah,
I’m very sorry that you are in this situation. I hope I can help. Do you have any kind of proof of when you submitted your application? My understanding is that the SBA was continuing to process all applications received prior to being re-funded. So I’d imagine, if you could provide that, they should honor it. If not, keep calling until you get someone that will listen — be persistent.
Did you apply for the PPP Loan for Sole Proprietors? It’s separate from the EIDL, and you may qualify for one and not the other- or both (or neither). Here’s a post on PPP vs EIDL. There is still PPP money available, so if you haven’t yet applied- please do!
I hope this information is helpful to you. All the best.
This comment refers to an earlier version of this post and may be outdated.
Micah, (I put my family facebook page for a website cause… well, why not. 🙂 haha)
You can try contacting a different bank! I had Huge problems and got the runaround by Wells Fargo over and over again. So I applied to a small business bank that I heard was accepting applications. I had never banked with them before, but I opened up an account and then they walked me through the process for the PPP. I know you were talking about the SBA EIDL but the PPP is really a great loan/grant now that they fixed it and made it more flexible for businesses like mine that are still 100% shut down.
Check out Pacific Mercantile Bank. I was helped by Robert: robert.selway@pmbank.com
This comment refers to an earlier version of this post and may be outdated.
Hi I had made a mistake on my application I put down the wrong email and I had used business service instead of agricultural down in one of the boxes will I be able to update that or will I be able to reapply I been calling since 7am and everytime they pick up they say their phone messed up
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Hi Ashley,
Hopefully, you’ve been able to get through by now, but if not, definitely keep trying! It sounds like you are early in the process so if you can connect with Tier 2 when you call, they will hopefully be able to either help you or direct you.
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testing
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Hi Ree,
I wouldn’t normally approve a one-word comment, but I assumed you were testing the legitimacy of our comments. They are in fact, individually moderated by a human (typically me). If a comment doesn’t meet our Comment Guidelines, it doesn’t get published. We do our best to weed out the fake comments. I hope that answers any questions you might have had. If not, feel free to ask! Thanks!
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Hi!
I received my $1,000 grant on 5/5/2020. I haven’t heard about any more funds coming through. I’m a sole proprietor and the only employee of my business. I was lead to believe that this advance would come before receiving the loan amount, but since I haven’t heard anything, I’m assuming the $1,000 is all I’m getting? I also can’t sign in to the SBA site because I used the COVID-19 portal and apparently those who did that, can’t sign up with an email. I’ve just reached out through email to check my status but wondered if anyone else has had this same thing happen to them?
Thanks!
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I was under the same understanding, I received the initial $1000 which was a surprise, I didnt even know it was coming nor did I ever receive anything in writing explaining this payment. I just now got my portal with the appoved amount. THEN, you have to accept the amount and then wait again to see if you approved for the loan. It looks like that could be another several weeks before knowing if it is approved or not. Best of luck!
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We applied early April. Got the “grant” $10,000 (10 employees) on May 5th. It just appeared in our bank account. Didn’t receive the email from SBA to create an account until today, June 8. We could choose an amount up to $150,000.
Do you pay back the $10,000 grant if you decide not to proceed with the loan? After some research, not sure we want to use it, need to look into the restrictions/collateral issues further.
Is there documentation you have to send in to get the grant forgiven? The SBA website is not very informative, a FAQ would be nice. BTW our loan # started with 3601xxxxxx
This comment refers to an earlier version of this post and may be outdated.
Hey Mel,
We have some FAQ’s in most of our SBA posts. This one on how the EIDL advances work might be helpful to you. It states that:
And one of the FAQ’s in this post reads:
This comment refers to an earlier version of this post and may be outdated.
I’m in the same situation. I’m sole proprietor and the only employee of my business. Applied on 4/9/2020, Application # 3601 XXXXX, received cash advance $1000 on 5/5/2020. Since then nothing happened. I check my email including the junk folder every day, never heard from SBA. It’s been so frustrating. This EIDL supposed to be emergency funding to help people go through the tough times, but now it’s been TWO months, funding is nowhere. Even worse is that NO where to check the status either. We’re all in the dark.
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Update: Received SBA email to set up portal account last Thursday, got approved today on Monday and loan doc was signed. The loan amount is very low, won’t help too much but better than nothing. Now waiting for funding. We’ll see how long that’ll take.
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All these comments are very helpful but one that is most helpful is telling everyone to be PERSISTENT, this is 100% fact. Every time I called SBA and may hold 3 hour plus wait but hold cause every time I have held I usually get an update soon.
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So I got denied for the SBA loan and it didn’t say nothing about an advance of grant does that me I won’t get the grant
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Hi Donneicia,
You could try getting in touch with Tier 2- they should be able to tell you.
This comment refers to an earlier version of this post and may be outdated.
I finally receive my loan and portal. I am so thankful and grateful for that
But, the loan offer was extremely low. I was wondering if I accepted the offer, if I could cancel it if I changed my mind about the loan.
I still have not received any advances. I am disappointed. But on the other hand I am relieved.
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Hi LB,
If you already accepted a loan offer, it’s unfortunately too late to revise your application, as currently no loan modifications are allowed.
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Applied for EIDL, don’t remember date -application starts with 33030, received email that app was still processing on 5/3, did receive 3k advance grant deposit 5/4. Today (6/6) received an email to create portal log in and finalize appliction. Created log in, verfied personal info & then “signed” documents. Within minutes, I received an email that my application was Approved. Anyone know what happens now? Does this mean we will in fact receive a loan or is that up to a “final” approval by lender? Will we receive the amount requested and if so or less anount, when? So many questions, so little info.
This comment refers to an earlier version of this post and may be outdated.
Hi DPC,
You should be matched to a lender. Others have reported receiving an email with their assigned lender’s contact info. So, if you haven’t received that yet, keep watching for it. The lender should be able to answer any questions regarding your loan amount. All the best!
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I applied back in March and I still haven’t heard anything and still haven’t got the 1,000. An unemployment hasn’t help me either, I have been in Q for a call since March 3rd. Not sure what to do anymore I call both every few days and can’t get any help.
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I’m very frustrated. Problems with portal and bank account info. I supplied a statement for it thru a loan officer. Logging in to the portal they still have my bank info incorrect. Documents were all signed on 5/29. No funding as of yet, not even urgent money! This is really stressing me out. My customers depend on us. If I can’t provide, they go elsewhere.
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Does anybody know if denied. Does the denial letters come through the Postal mail. Or do they come through email? Thanks
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Hi LB,
Others have reported on here that they’ve received email denials — maybe other applicants will respond to your post here. Hopefully no news is good news.
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I just received a denial email. After jumping through so many hoops and re entering my bank info, they just decide to deny me.
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I’m so sorry Micah! I’ve responded to your other comment with some suggestions — I hope it’s helpful!
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Hi Micah,
I tried to find your other post but couldn’t located it. Anyway regarding PPP Loan, Washing Trust Bank still taking application (I do not know whether they have to be in your area or not but I applied mine PPP loan with them via online). You do not need to be currently banking with WT in order to apply for the loan. Once you got your PPP loan approved they will open a personal checking account for you to get the funds into. I applied with them in the middle of May and got my PPP loan already. Hope that helps. Good luck. Oh and I do not work for WT. They helped me out and I just pass the info on. 🙂
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I got funded through Square for my ppp. f
rom the time I started the application until I was approved was a ttl of 3.5 hours and had money in bank acct two days later.
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Hello,
I am coming to the end of my PPP June 30th. I was just processed on 6/23 for covid eidl grant.
I was asked by SBA to submit review application. It says I will receive $1,000 for each employee. Does this grant have to repair? And am I in jeopardy for applying before PPP has ended.
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Hi Joe,
The grant does not need to be repaid and you are able to apply for the EIDL and the PPP, there is no penalty for applying for both. Good luck!
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I was denied through email , I called and wrote to that email . I was then asked to write a reconsideration letter . Which I did , I just got an email to confirm banking info for loan to be processed!
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Hi! Hoping maybe someone can help shed light on my situation, which is:
I have 2 businesses, my main business and a small one that I do as needed.
I applied on 4/1/20 for my main business and on 4/10/20 for the other business…. A few weeks later I received a $1000 EIDL deposit for my second business and just today received a denial letter for the loan portion…. I’m absolutely fine with that because the business doesn’t generate that much income per year; however my main business (my main source of income) does and my issue/concern is that I have yet to receive any correspondence from that loan which was submitted on 4/1/20.
Has any experienced this out of order processing of the loan applications?
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I received a $1000 in EIDG and I applied around 4-1-2020 and I was under the impression that we were to receive a $10,000 grant, then they changed it to $1,000 per employee to receive the grant. I’m my only employee and I received $1,000 and it was just 3 days ago that I received a denial email letter from them.
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I HAVE NOT RECEIVED THE 1000.00 ADVANCE. WHY DID THE DENY YOU?
bummer after waiting that long.
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Hello,
I was in the same situation. 2 businesses – smaller one got denied. They ended up canceling by other application because the system flagged it as a duplicate. I had to call and ask them to reinstate the main application for my larger business. Good luck!
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I applied March 29th, had a credit pull on April 28th, and received my email to set up my portal today. I did call the 877-641-8202 number this past Tuesday, spoke with someone, and they put a flag on my application stating I had called. The person I spoke to said that was too long to wait! Lo and behold, 3 days later I got my portal email!
On issue, when I submitted my bank info it said validation failed even though the info is correct!
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I had the same thing happen. Be sure that you have your bank’s name correct. I had my routing number and account number correct, but omitted parts of my bank’s name. Once I corrected that my information was accepted.
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Hey Larry, I tried calling the 877-641-8280 and it does work. Will you please check and make sure it’s correct.
Thanks
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Larry … I was on the phone with the 800 number yesterday as well same isssue with the banking info not validating. What you need to do is erase all the bank info including your name and re-enter the info and it should update and validate correctly and redirect back to the main landing should your status.
Good Luck!
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I have read through many of these posts.
I too applied for the EIDL in late March.
To date i have not received my $1,000
advance. I am a Sole Prop and in addition work a full time job (W2)
on May 21st i received a email asking me to create my portal account.
After logging in I could chose my loan amount with the slider.
I was able to add in my bank info (middle step) Electronic Disbursement.
On May 26th i received an email saying my account had been “updated” I was then able to move to (top step) where you verify who you are with the standard history questions. ie. “which of these towns did u live in”. My status said “Processing”
The next day May 27th I received a personalized email from a SBA agent asking for proof of my bank account (statement or canceled check) and a tax return or sched C.
I submitted the requested docs via an email and with no further communication later that day my status changed to “Your Application has been approved” in a green square. Now I was able to complete the final (bottom step) “Sign Closing Docs”. This step was no longer “grayed out” My loan docs were customized with my company name and loan amount which I doc-usigned and submitted. Now I wait for funds to hit my account which could be 2-3 weeks. Good luck.
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Soooo… according to my understanding, only the advance portion does not have to be repaid? And you can only get $1000 per employee for the advance? So if I’m a sole proprietor with no employees all I can get forgiven for the Loan would be $1000 and that’s only IF I get the advance, right?
I applied April 3rd and just today, May 30, received the email to set up my account. But no advance!
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My understanding is that the advance is not paid back. I haven’t received it either. I applied on April 19th. Got an initial email stating that the application was being processed in the order it was received. I called today and discovered that they. pulled my credit on May 23rd, and now am waiting on getting my “portal” email from SBA. I was informed that the advance sometimes precedes the loan portal process, or they attach it at the end of loan portal process. Hope this helps!
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I have a question concerning Portal access.
I applied at end of March and a week ago I rec’d portal access but loan statement shows it’s still being reviewed. No dollar figures.
I to have not rec’d my $1000.00 advance.
My question is if you get portal access does that mean you are approved for a loan?
Please advise.
Thanks.
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The exact same thing happened for me cameohd@me.com. Around the same time too.
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Every time I go on portal to review and accept amount it’s not letting me do it. Is it my computer or what
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Did you ever receive funds?
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I applied for the EIDL and got an approval to set up an account in the portal and have done that but problem is i still haven’t received my grant portion. I have 3 employees. I’m hesitant to sign the loan docs before resolving why I didnt receive the grant or where it is in case signing means im forfeiting the grant. I know quite a bunch of people received their grants before the loan was approved but I has anyone received the grant portion after accepting the EIDL offer? Was it disbursed with the loan or separately ?
Thanks
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It won’t matter cause once I spoke with an actual loan officer she didn’t even know we had rec’d the grant already. So follow the next steps and be PERSISTENT in calling them.
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I have 3 business, one business we received the grant but denied for the loan the second business received the loan and the grant was deposited the same day and the third we are pre qualified but still waiting on approval and its been 8 days now.
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Take the loan – the “grant” is actually an “advance” on loan proceeds if the loan is approved. So if you had gotten an advance, it would end up being deducted from loan proceeds. Since you did not get an advance, you will get full proceeds. If you had gotten the advance but the loan was then denied, the “advance” would become a “grant.” Hope that makes sense 🙂
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Did you receive $1000 EIDL grant at all before apply for the loan?
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Received approval over the weekend for EIDL that was applied for 4/1 (33013 series). $1K “emergency” advance received late April. Full loan funds deposited today – $150K, way less than request, but seemingly ratifying what we’ve heard that current limit is $150K. Invited to create portal yesterday for another EIDL applied for 4/2 ($79K – different entity; full amount of app shown on portal). As of today, shows still processing that application. No $1K ever showed up, but in verifying bank info on the portal, there was a notation that bank account was not recognized, even though # info was accurate. We use a Credit Union and there are two ways to identify an account – the full MICR # like on a check, or the member number. When I plugged in the full MICR # instead of member #, it went through, so wondering if that was what prevented the $1K from being deposited. So be careful when you verify banking info on the portal to make sure you don’t see that ‘not recognized’ message or you might never get whatever you are approved for! Good luck all!
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I applied March 30th, Credit was pulled end of April.. got email to create portal this weekend. Signed in and it ask a few identity questions and said hit Submit. Now it says Application is being processed. Not sure what the means.. I guess i will know soon..
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Mine is processing so I called an apparently it just means a loan officer has it and will approve or deny you. If you are approved you will sign and eventually be funded. They seemed to have no idea on a time table,
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Any word on how long processing takes? I created portal selected loan amount and it just says processing since yesterday. The part to sign closing docs is grayed out.
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after submitting my Agricultural grants and loan on the SBA Streamline portals on May 2nd I was invite to Except 5k to 25k my choice so I went for the middle 15k but no advanced grant never offered the 1k so I enter my information and also banking info. that was awhile back Sba portal locks me out telling me wrong security questions and the 800 numbers are just moving you along still have faith hopefully soon???
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Applied on 4/3 and on 4/6. Never received a grant only email stating my app was being processed on 5/3. called the SBA (tier 2) and was told that my app apparently had my bank routing number incorrect so probably why i didnt receive the grant. This was early in the month. Called back a few days ago and was told that my app was with a loan officer and to keep looking out for the email. At this point i wont be surprise if I never receive the grant seeing as how its been more than two weeks since they corrected the routing number issue and still nothing. Hopefully i can at least get this loan approved and funds deposited because its going on three months since my business has made any revenue. Hope every small business makes it out of this. Sadly thats not gonna happen…
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I recently answered phones at SBA for the EIDL loan, and there have been some changes:
1) Tier 1 is forbidden from transferring any call to Tier 2 now…so don’t try calling them directly or asking for them directly. (Yes, that’s frustrating.) Tier 1 can *talk* to Tier 2 for you…you cannot talk to them directly (unless you maybe get a newbie who doesn’t know this). They get 30K calls a day and are trying to mitigate.
2) The people who answer the phones are given very little info and have *zero* power to push your application along. Even Tier 2 doesn’t have that power…they are just more experienced customer service reps who’ve been there longer to answer complex questions. They have no access to more powerful systems. When I worked there, I didn’t even know who did have access to a more powerful system, or if that exists. I had no knowledge of anyone beyond Tier 2, who fielded all questions I couldn’t answer immediately.
3) Later applicants (like after the first week of April) won’t even be in the customer service system yet, and for any applicant, 90% of the answers to every call is: wait for an email from SBA about receiving an invitation to create an accout in the online portal, or a decline letter. You can get a decline letter an any point, even after the invite to portal email.
4) Calling in does *not* push your application further along. The people who answer the phones are just there to make you feel better psychologically…literally all the power they have is to make a notation in your account that a potential loan officer would have access to.
The take home? Don’t call. Wait. Look for other forms of relief. The SBA has had more applications in 2 months than they’ve had in the last 10 years combined and everything is a mess. They’ll figure it out, but they’re struggling.
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Thanks Angela. That was helpful. Depressing but actually helpful. Will they know if you are denied at least if you called or emailed? How have they communicated denials? Email, snail mail, portal or smoke signs?
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I recently had my credit report/esperian pulled but, it was locked. I don’t know how that happened. I immediately had it unlocked. Will they go back and try to pull it again? Or will they just keep going because the have so many cases. I applied for EDIL.
I called the 1 877 #. I don’t know what he did but, he said that he would leave a message in my file. Do you know what is going to happens next for me? Thanks
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Hello there from my experience they will send an email asking you to unlock. They ran mines May 26th and I called Experian and had it unlocked. Afterwards I got an alert for May 31st SBA running it again. Now I’m just waiting patiently.
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I wanted to add to my last post from yesterday. I did not receive a call from a loan officer as I was told, but I did receive an email this morning (Memorial Day), to say my application was approved, along with closing docs to e-sign. Hope this helps everyone.
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I received an email with my loan amount and saying approved. Does anybody know how long it takes to get your money?
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Hi Lisa,
It’s been different for every applicant, so it’s impossible to say, unfortunately. The only real consensus is that most recipients agree that it took longer than anticipated. Keep watching your bank account and try to be patient. Congrats on your approval! That’s a win, in and of itself. Good luck!
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I have been approved on april 14, applied on march 31. Received my grant but still no funds from the loan. On about May 6, i was invited to sign closing docs AGAIN with a different amount for some reason, and still no money to this day. I’m really frustrated because i was depending on this money to stay afloat with my businesses, but I may have to close permanently because I thought I was getting this loan since I signed closing docs twice , and now I still have no funds almost two months later.
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Hi Christina,
I’m truly sorry to hear that. I know this has been such a huge blow to many small business owners.
We’ve been hearing stories of loan amounts being reduced, and this is what we know so far:
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lisa
My was credited two days after I signed.
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Been Approved for a week and have not received funds ….. just have to be patient although it is difficult to say the least ….
M.
I applied the last week in March.
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I accepted my offer a week ago. My portal still says your application is being processed. How long does it usually take to process? And then how long until funds are released?
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Applied on Sunday 05/17/2020. Agricultural sector business, a LLC and we listed only 2 employees during online application. Got $2,000 deposited on Tuesday 05/19/2020, an e-mail on Sunday 05/24/2020 saying:
“Your SBA Application No. 3000XXXXXX is ready for the next step. Create your SBA Economic Injury Disaster Loan Portal account to provide additional details or requested documents.”
Same day I finalized process of creating online account using my e-mail address and a personalized password. Immediately verified my identity by answering some security questions and also reduced load amount from the eligible $150,000 to $115,600. Status in the online portal now says “pending”.
FYI, I reduced the amount to match thesame eligible amount I applied for under the PPP a day after I submitted the SBA loan application.
My feedback so far has been positive, expectations not so high cause my personal credit is junk.
Hope this helps.
Steve
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Thought this might help:
I applied for my loan approx six weeks ago. $1,000 was deposited in my account within two weeks. Last week I received an email to access/sign into the SBA portal, choose the amount of my (potential) loan – a max amount was given, confirm my identity, and add a bank account for disbursement. My application number is 3600XXXXXX, and the status on the portal says “Your application is being processed”. At some point they pulled my credit via Experian. Today (Sunday, Memorial day weekend no less) I received a call from a live SBA human from Alabama. There were some “Alerts” on my application that she wanted to clarify, I had to once again verify my identity, email a copy of my driver license, and confirm my bank account info. She said that next I should receive a call or email from a loan officer (she gave me her name). The loan officer would either clarify other items on my application or move the file for funding. This supposedly should not take more than a week. Will see?!
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As someone who recently answered phones at sba for eidl loans I can tell you:
1. They’ve forbidden tier 1 folks from transferring calls to tier 2 now. Tier 1 can talk to tier 2 for you but not transfer you. (Yes that’s dumb.) Tier 1 folks are given very little info & are working 10 hour shifts. The vagueness of their answers isn’t their fault.
2. Customer service can’t pull up all applications yet…regardless of tier. The apps are getting uploaded in batches and it takes time. They also can’t do anything but make notations about your call . They can’t change any part of your application or “push it through” faster.
3. 9 times out 10 the rep won’t be able to tell you anything and it isn’t their fault. There’s no timeline for anything so if you have a general “what’s my status” question they’re just going to tell you to wait for an email that’s either an invitation to create an acct in the sba portal or a decline letter.
The info passed to customer service from higher ups soooooo miniscule & they aren’t allowed to tr.ansfer calls, period, which is frustrating for everyone on all sides. Keep this in mind if and when you call.
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ok i keep getting different answers on what we can actually uses this loan for….i know we can use for payroll, pay payments on equipment associated with the company/or pay off that equipment, but can we also use this to buy more equipment for the business?
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Just called this number 800-659-2955, a woman transferred me someone who can check my eidl loan and grant. They will need your loan application number. I applied 4/4 and was approved for a grant and they tried to deposit into my account and was rejected because it went into my personal instead of business account. 5/2 i received an email that they are processing my paperwork. 5/14 they pulled my credit.
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Did you change your bank acct to a business acct to try to get the grant? Did you ask if that was possible?
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Hello Jessica, do you know if EIDL has anything to do with PPP? I did apply for both. Got an advance for 3 employees. Got PPP funded as well. No news about EIDL actual loan.
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Hey Raj,
The EIDL has nothing to do with PPP. And it’s fine to apply for both. Word on the street is EIDL funds are trickling in, so just be patient and keep watching your bank account and spam folder for additional information.
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(877) 641-8202 phone number got me to an SBA person quickly, so use that. Applied 4/2 for one EIDL and 4/3 for the other. Got $1K on 2nd app 4/30, nothing on other, no substantive communication about loan itself. Phone rep just now could only tell me that they were in process with no guidance on when I might hear. Interestingly, she said that it was possible to receive communication about and even funds for the loan itself and then get the “emergency” advance funds afterwards. Sounds like something out of the “Onion”, but apparently she had seen it happen.
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FYI to others: I’m having no luck with the website and the 800 number methods. Attempts to login fail, and attempts to reset my password do not work. When I called the 800 number, I was quickly routed to an actual human. But all she could do was politely let me know that I will know that the EIDL application is progressing when I receive another email from the SBA. Note: I applied for EIDL on April 5th.
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me too
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I applied April 2 and am told the same thing
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I applied 03/31/2020 had a credit pull late April then received the advance the next day now I got an alert to accept the terms of the loan amount I did and now it’s approved so i will wait to see what is next.
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Hi Brandon, have you received the loan you got approved yet? If so how long did it take once you signed the e-doc? Thanks.
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I applied April 5 also and still no answer 😢
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Kirk I know exactly what you mean same hear can’t change password its telling me wrong security questions when I know it right and the 800 numbers just politely move you along and its been 4 weeks since I received an email to star a portal was offered amount now just waiting
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this number was given to me by an advocacy group — it is for the SBA 1877 641 8202 I was able to talk to somebody, they looked up my confirmation number, then 3 days later I got the e-mail to set up my account portal — finally! I applied on March 27th and again on April 1 —
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Use the number that Trinity posted 1-877-641-8202. I have been calling the 1-800-659-2955 since 4/6 when I applied and wasn’t able to get any information from the person that answers the phone. Three weeks ago I was told to just ask to speak with someone in tier 2 and that didn’t really get me any further. Today 5/18 I saw Trinity’s post and decided to try that number, the gentleman that I spoke with took my information, looked up my application and was able to tell me that there was a question on my banking information. He verified the information with me and sent the application back to processing. The information on my application was correct but they had a question about it, apparently they don’t contact you if they have a question but wait for you to contact them. The problem is I’ve been contacting them for six weeks now and this is the first time I’ve spoke with someone that seemed to know what is going on or that was willing to help me. Good luck!!
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You had better luck than me. I tried calling the number and the guy I spoke to said they were working on it and have no idea when I may hear back. I applied the end of March. I will try again tomorrow and hopefully get someone who will try to be helpful.
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Thank you for the alternate number. I just called and was placed on hold for a very short time and someone answered within 2 minutes. I provided my app and SSN and she basically said it was still waiting to be assigned to a loan officer. I applied on 4/14, received the 1K grant I’m assuming on 5/5 and an email saying my application had been received and I would receive further info via email but nothing since and that is the only correspondence I have seen since applying. I’m a small counseling practice and cannot survive much longer. She did tell me about a Bridge Loan that is something you can apply for and is processed within a few days and money in your account within 7-10 days and if approved for the EIDL it will transfer over once approved. I quickly looked at that but it looks like you have to have a company annual income of 200K minimum. But wanted to post incase anyone could benefit from that loan.
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Thank you for that number Rob Sprangers! I actually got through to someone!
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That number worked for me, i was able to reach someone who pulled up my account and told me i was in the review process, i hope that means i am close, thank’s for the tip
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I called the number above and was 34 in line. I wanted about 15 minutes and a very courteous lady took my call. She looked up my number and said my application was complete with no errors. She noted they had pulled my credit report sometime back. She said my application was in the que waiting to be picked up by a loan officer. She could not tell me an approximate wait time, but said the next step would be the portal email that would give me access to any loan offers.
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I did apply March 30, got an advance on April 21. May 15 they offer me a Loan. I completed the application and got approval. Now I am waiting for the funding.
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Me too. Approved on April 21, signed all the documents and am still waiting on the funds. Have you received yours yet?
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Congrats Claudia, for being able to get the much needed loan, especially at this time. I did apply on 04/03 & got the advance deposited on 04/28. No word yet about the actual loan.
A friend of mine applied on 04/01. She didn’t get any advance but she got an email today that she got approved for 98k loan. I hope she gets her funding deposited soon.
Did you get your funding yet? I am curious to know how fast they make deposits & see how it works out finally.
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how long was the process in between you excepting the loan terms and verifying your information, and then receiving an approval to sign the documents.
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Can someone help me make sense of this. I applied directly through the SBA for the EIDL loan and got approved for $4,300. I signed the loan documents and they only sent me $1000 instead of the full amount I was approved for. Why? Do they give the loans in batches?
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Hey there Gr8,
That $1k deposit is the advance on the $4300 loan. The balance should be forthcoming.
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I applied back in March for the EIDL and finally got an e-mail today (5/16) saying I am not eligible for any further grants besides the advance. I haven’t gotten any advance as of yet. The letter was dated April 17th. Wondering if I will still get a loan offer? I rather have a loan vs “free” money. No credit or anything was pulled either. I would love to just get a loan to pay off my massive credit card bill with a small interest vs credit card interest.
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So I got an email on 5/10 that my EIDL was being processed and created the account, gave verification and bank info….and today I went to check on it and the status has gone from processing to DECLINED!! WTF. It says I’ll get more info by email. Has this happened to anyone else. I was really counting on that money, especially when they said it was processing.
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Same thing happened to me.!! I got the email from sba saying congratulations your application is processing. It gave me a loan amount that I was approved for. I accepted the amount . Created the account , verified my identity and put in my bank info….. Then boom next day Email saying I was Denied.
It also said it would send via email the reason for denial. Welp , that email never came. I’ve called and sent them emails asking what happened, but have yet to hear back. That was two weeks ago.
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HAVE YOU HAD ANY EXPLANATION ON WHY IT WAS CANCELLED? I HOPE THIS GETS RESOLVED FOR YOU
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Did you ever get a response about why it was denied?
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I applied for our Non-profit on 4/8 and have only received the canned email below after enquiring by email as to our application 360108. No other contact since. It seems that some people that applied a few days after have received some funds already.
“Thank you for contacting the SBA Disaster Customer Service Center.
We understand the challenges your business is facing due to the massive disruption caused by the Coronavirus (COVID-19) pandemic. Your Economic Injury Disaster Loan (EIDL) application is currently being processed in the order it was received. You will receive an email notification when there is a change to your application status.
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. The SBA is processing applications from small businesses and private non-profit organizations across the country as quickly as possible. We thank you for your patience and understanding as we work to assist as many applicants as possible.
Additional information on available resources to assist your business during the effects of COVID-19 may be found online at http://www.sba.gov/coronavirus.
If you have additional questions or require further assistance, please call our Disaster Customer Service Center at 1-800-659-2955 or, for the deaf and hard-of-hearing 1-800-877-8339 (Monday through Friday from 8:00 am to 8:00 pm, Saturday and Sunday from 8:00 am to 8:00 pm Eastern Time) or email us at: disastercustomerservice@sba.gov.
Sincerely,
Office of Disaster Assistance, Customer Service Center
U.S. Small Business Administration
(800)659-2955 “
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I applied for EIDL, had my credit pulled, received an advance, and finally got the email to create an account, but when I click on the link it only gives me the option to sign in, and no option to create an account. I called SBA and they could not help me at all. If anyone has experienced the same thing, or has any ideas please reply. (I did try clearing cookies, using private browser, and even using VPN to no avail)
Thanks in advance.
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Amy,
I’m in the same boat as you. I would call 1-800-659-2955, tell them that the portal wont work and you were told to keep trying it for a day or so and that if it didn’t work to call back and ask to go to level 2. They have a know glitch in the system and they will need to resend you the email with the correct link to the portal. They have to send a message to the loan officer so he can resend it, don’t know how long it takes.
Charles
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I got this email from the SBA, however, never received the previous email with a LINK to where to create an account. Does anyone know what the web site address is to create this account?
You applied for an SBA Economic Injury Disaster Loan to help with emergency working capital needs as a result of the Coronavirus (COVID-19) pandemic. You were recently invited by email to create your SBA Economic Injury Disaster Loan Portal Account; however, our records indicate that your account has not been created. This step is necessary to continue to process your application. Failure to do so may result in the withdrawal of your application.
Any help is greatly appreciated.
Frank
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Same thing here.
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I applied for the economic loan up to 10k on 4-3, small business with 5 employees via the covid relief SBA link.. recd email updates from SBA on 4-14 and 5-2 indicating the application is being processed in the order it was recd…. not much more I can do except continue to wait…
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I applied for the EIDL grant on April 4th. I received one email on May 2nd stating, that my Economic Injury Disaster Loan (EIDL) application is currently being processed in the order it was received. I eventually called the 800 number, 800-659-2955 last Monday May 11th, went to Tire 2 and spoke to someone. They said my loan was in process and I should hear something by yesterday or today. This morning I received an alert that my credit had been run, so checked Experian and yes, it was a Business Loan Inquiry from US SM BUS ADMIN ODA. So now what? What are they looking for? Identification? Good credit, which I have or what? I heard if your business name on Experian does not match the business you applied under, that could be reason for denial. I haven’t updated jobs or employment in years. Does anyone know if that is true? So other then the one email and a credit check today, nothing.
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I doubts if this true, simply because if your business is Sole Proprietorship, Dba or such you rarely will borrow in the name of your Company.
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I wanted to ask if anybody applied for the EIDL advance (the up to 10k bit) around the 4th April and HAS NOT received anything yet as of May 13th. I was under the impression that the Advance was processed a lot quicker than the loan application.
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Hi Sam, I am a single sole proprietor. I applied on April 5th and recieved $1,000 advance direct deposit on May 1st. I have yet to recieve an actual loan or a single email regarding approval.
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I applied april 3rd and havent received anything…so I guess they arent processing in the order received
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I applied immediately on April 5th…and have received NOTHING.
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same here, applied on april 4th and havent heard anything yet. all i have is just application number
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Sam. I applied April 8th and have an application number 33033……… I have heard nothing from sba. No advance yet. I have talked to a lot of people who are in the same boat. So I think we are still okay, just a super slow progression
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I’m a 33033, as well. Never got the advance. And nothing further on a loan… which I actually do want. I applied on 4/9. Have called both #s given, and have been told that they are not allowed to transfer to a tier 2 rep. Whatever. No credit pull, so far. And I am just shy of excellent credit, so credit report shouldn’t be an issue.
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I applied 4/15. Received an email from SBA May 2 saying your app is being processed and you will be notified by email when you status changes. Nothing yet. I did NOT need a username and password when I applied, so I can’t get anything from the SBA portal. I do have my application number. Any suggestions on where to go to find the info based only on app number? Thanks.
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Once your application is process you will received an email and a link to the portal, from there you will have to create a password.. once in the portal you will have to accept the amount of the loan and waittt….
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Did you receive the advance? I have not received the advance, but for the loan processing email and am offered a loan to accept, but still no cash deposit.
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Applied April 8th received confirmation # and haven’t received or heard anything.
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I also applied on the fourth. Nothing at all. I sent an email today.
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Sam, I applied on the 4th, and like Tierney commented above, I “received an email from SBA May 2 saying your app is being processed and you will be notified by email when you status changes. Nothing yet. I did NOT need a username and password when I applied, so I can’t get anything from the SBA portal.” Since the email on May 2, nothing else has happened. No advance, no money, no other communication.
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I have called several times, and finally was told that the online portal isn’t working properly. We applied on 4/3/2020, received the grant money on 4/30/2020. Call the number Trinity listed 877-641-8202. The wait time wasn’t crazy, the person I spoke with was very friendly and we were told the loan portion is currently processing. Not confirmation, but I have peace of mind that at least it’s in the works. Good luck, everyone!
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I applied on March 31 and have not received an advance as of today, May 18. Last Friday I called because I had not gotten any correspondence at all. They picked up right away, looked up my application number and told me that my application was being reviewed and was delayed because it needed additional review, but provided no additional details. They made a note on my account that I had called, explaining, “because that can help move it through faster.” I got an email early this morning to set up my online account and submit my loan application. I just did that and am hoping to get my advance soon.
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I applied for the EIDL on April 3rd and received a 1000.00 deposit in my checking account. It’s my understanding that if you recd that money meant they are in the process of working on your loan. Can I also file for unemployment since im self employed and unable to make the money I was making because of the rules. Where or who do I apply with to get the ppp or the others listed. My last day I worked was March 20th 2020. Any guidance from you would be greatly appreciated.
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Hi Michelle,
You can find out all about unemployment options for self-employed individuals in this post that was just published. It seems that you would be eligible, but we can’t say for sure. You can also check out our post on PPP loans for Sole Proprietors for more information on that. Links to the applications can be found in the posts. Best of luck to you!
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We applied the first day the new application was up. I got 2 different emails the last on April 15. I had credit pulled on April 20th. After that nothing . No Grant money. So today I called again and got the same we don’t have information on your application “just wait”. So I insisted on talking with a Supervisor. Turns out there was an error on my application. When question for ownership was answered each one said 100%. That was enough to stop the process. They were able to change to 50/50 and now it will move forward. I also had them verify number of employees and bank info. So don’t give up!
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I am so frustrated. I applied on the 4/1 as a sole prop. Application starts 3300. Credit was pulled on 22nd. Watched as many people that applied after me got money. I got nothing. You’d think if there was an issue, they would send an email. Nope. They probably just move to the next one.
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There was an SBA leak a few days ago that they check your background, and if you ever had a felony conviction, you are automatically Denied. I applied on 04/06/2020 with the 3300’s and still did not receive anything.
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I’m with you 100% Andrew! My details are exactly the same. I’m also a sole proprietor with the same exact dates of applying and credit pull and I haven’t received anything. Hopefully we will hear something soon.
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I applied. Got email. Then on may 5th $1000 direct deposit. I had a felony. I told them.
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this number was given to me by an advocacy group — it is for the SBA 1877 641 8202 I was able to talk to somebody, they looked up my confirmation number, then 3 days later I got the e-mail to set up my account portal — finally! I applied on March 27th and again on April 1 —
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The tier 2 phone number …. 8202 gas been disconnected
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Applied 3-27
Too many details to mention!
Called almost everyday
It happened exactly as described
Portal email 2weeks after advance!!
Funded 5-8
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Good news. I posted earlier that I have had no word re the Grant. Had called sba and they said they had 0 info. on the EIDL Grants. I read on this site to ask for a Tier II person. I called the toll free # again and was told no info. listed on me, so asked for Tier II. A great person called Gordon answered. He had all the info. on my app. Told me it was under review. I told him I could not sign in to sba with the user and e mail I had provided on my application.
He said until I get the e mail from sba I will not be able to sign in. I have to be invited to join the portal first. I asked why some have gotten $1,000 who applied after me and he said some apps. are clear cut and others need more review. So he at least confirmed that I am in the system, so am not overly concerned. At least not lost in the system. He told me to check e mails every day and look for heading with sba in it.. Even though my other co-workers did not get an e mail but got the funds is still a mystery. Hope this helps. Phones are open daily from 8 am – 8 p.m and nobody much calling in today. Happy Mothers Day to all.
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If you could please leave the phone number that you were able to speak to somebody on that would be great. Or if you could personally email me that phone number my email is tgeyer7676@gmail.com.
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I applied on 4-9 and just got an advance deposited on 5-4. I got no email indicating I would be receiving an advance. The last email I got, on 5-2, said my app was being processed in order received. So I dont think you’ll necessarily get an email telling you that you are going to get an advance, but you should get an email AFTER the advance at some point, regarding your approval or disapproval for the actual loan itself. Hope this helps!
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I applied March, 27 for the EIDL and had $2000 deposited into my account on April, 16 (myself and one employee), I received an email this past Friday May, 8 with loan details. I verified myself (typical questions from a credit report i.e. what street have you lived on? which person on this list do you know? etc.) completed a couple of answers and received another email hours later to set up an account and access the Portal, and was then directed to the actual loan documents, to sign online through DocuSign. No idea how long it will take to have the money deposited. I also had a 330 number.
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Hi Dave! Your post was very helpful! Have you received your funds yet? I just did the identity verification in the portal this morning, now waiting on the documents to sign! Thanks
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I just signed my docs anyone know how long it takes to receive funds
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I just received my docs to sign. Is anyone concerned about the collateral? Anything over $25K they can use your property as collateral. Does this mean they lean your home?
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I filed in early April for the business Grant, not loan. Have not heard a word even though other business owners I told this to have received $1,000.00. I have not. Nor have I received the $1,000. Does it mean now that I am not approved as others who applied the same day received funds 2 weeks ago.
By the way the sba phone number you give is great for loan info. but they have 0 info. on the Grant program. Nobody does.
Do you have further info. on this. Thank you.
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Hi Jean,
As we understand it, it’s not possible to apply for the grant only. In the EIDL application, there is a box that you check to request an advance on the loan you are applying for- but there is no application for the advance alone.
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A SOLE PROPRIETOR DENIED. WHAT ABOUT THE ADVANCE.?
I HAVE A SMALL MANUFACTURING BUSINESS,MAKING CLEANING PRODUCTS.
RACE RACE . I HATE TO CALL IT. THE VIRUS STOPPED ME FROM GETTING ALCOHOL FROM UNIVAR IN CHARLOTTE. CHECK IT OUT.
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Hi Mayo,
Have you tried applying for a PPP loan for Sole Proprietors? Or possibly Pandemic Unemployment Insurance for the self-employed? Also, it’s important to note that being denied for the EIDL doesn’t mean you were denied a grant. It still may be forthcoming if you are eligible to receive it. I hope that helps, and best of luck to you!
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Who has online ID & password?
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I applied on 3/19. I received my 10k advance on 4/13. I called yesterday 5/8 to check on my application. I was told I was in line and just had to wait it out until a loan officer sends me an email. Now they cap it to $150k when I should be approved for a lot more. Because my application hasn’t had “personal hands” on it yet, it should be “any day” however, there is no other way to check it. I have heard this same excuse 100 times over now.
People that applied after me have already received there funding but they say “the applications are being processed in the order received via application number” which is 100% false. This is extremely frustrating and there is zero communication.
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I am same as you … app date, grant date, etc. did you reapply using the short form app?
Did you receive your portal link? The SBA treats me like I’m crazy when I express concern over the lack of movement on my app. The phone reps write notes in your file – today my business partner called the SBA for the first time in 3 weeks and a rude phone rep told him he is reading the notes on our file and they said we are upset that our app isn’t being processed in the order received but that lots of people applied… so just wait. Why are they writing notes in our file that we are upset? How is that relevant to a loan app? It seems inappropriate and bizarre. I am feeling discriminated against because we called too many times or something.
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I filled 03/10/2020 and ive inly git an email saying they are swamped i aooloed for a grant
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We applied in March, and then for the 10,000 grant 3/30 and have received nothing and heard nothing. Our credit was pulled on 4/19.
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I applied on Mar.30 for EIDL and SBA Pulled my credit report on April 16. Nothing 🤬😈
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I called today May 7th the 1.800.659.2955 number and someone picked up right away. I asked for a status on the application submitted on 3/31 and was told that they are waiting for the US Treasury to send them the funds. Once they receive them, they can start sendi