How To Check The Status Of Your SBA Economic Injury Disaster Loan (EIDL) Application
February 1, 2021 — The SBA re-opened EIDL Advance applications on January 17, 2021. Learn more about the new rules in our guide to EIDL Grants.
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 and are waiting to hear about their EIDL loan status. 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. However, 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 your loan status, what you’ll need to do so, and even ways to identify potential scams.
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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 your EIDL application status, 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 your loan status 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 ask for Tier 2. These reps can answer questions about the application process and your EIDL loan status. 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 your loan status, 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 your loan status. 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 your loan status or 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 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 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 the 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
Be Persistent & Good Luck
Whether it’s been days since your status on the loan portal has been 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!
I have been approved for the 9k targeted EiDL advance, when is a timeline when i should see those funds?
Hi Rodney,
This is what the SBA says:
i did my loan application in 2020 and i recieved a sba number at that time i was doing my loan on my phone and i got email saying to finish the application potfolio i didnt have a laptop or home computer couldnt finish my application , i really need this loan to help my buisness, please tell me what do i do now with the proper devices to complete my sba loan thank you
Hi Catalina,
You’ll need a computer, most likely. I think it would be difficult to complete the application on a phone, but I suppose it is possible. You can also print the application out and mail it once completed. We have a post with all the applicable links as well as contact info if you need assistance. I think this should get you on your way. How To Apply For An SBA Economic Injury Disaster (EIDL) Loan Good luck!
I have send the apply last do I need to fill another one this year
Hi Nini,
If you haven’t heard back from the SBA on your previous application, you may want to reach out to them and see what happened. They should be able to tell you if you need to reapply or if they need clarification on something. Without knowing anything about your situation I can’t say for sure, but the SBA can definitely direct you on next steps. Good luck!
My loan is in the funding stage. How long does that take?
Hi Wendel,
I wish I could say for sure! Everyone seems to have very different experiences but ideally, you should receive it within 5 days. Though many people have waited far longer. Best wishes for a speedy deposit!
I received the targeted application today and submitted this morning. How long does it usually take for the decision to be made?
Hi Katina,
Thanks for your question! According to the SBA website: