Advertiser Disclosure

🏦 Get funded today with one of our top 5 lenders for 2021

SBA EIDL Funding Timeline: What To Expect During Application, Approval, & Processing

Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.
Shelbi Wescott

Shelbi Wescott

Writer at Merchant Maverick
Shelbi Wescott is a writer and educator from Portland, Oregon. When she isn't writing about ways to help small businesses, she is a published author churning out pages for her science-fiction and mystery books. In 2015, her book After Life won an Honorable Mention for Best YA Mystery from the Library Journal. (It has ghosts. And mystery.) Shelbi has both a BA in English Literature and a Masters in Teaching from Lewis and Clark College.
Leave a comment

284 Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    DDWilliams

    Hi, All! I am usually VERY careful when submitting important applications, etc. This time around, however, I somehow stated on my EIDL Targeted Advance app that I am 60 days or more delinquent on Child Support. I do not have kids. I realized the mistake when the decline email came the next day. I immediately emailed the email address listed, and also was directed to do the same by a helpful person on the phone. Two people with whom I spoke said that a great deal of people have chosen the wrong answer because it’s worded a little funky. Nevertheless, I got the email sent to let them know that I am without kids. Is there any way to imagine what type of time frame I’m looking at for the processing of that? The folks on the phone said that there’s no way to tell, but that they’re working their way through the apps and emails. Am I going to just accept that I’ll have to stew in my mistake for the unforeseeable future?

      Jessica Dinsmore

      Hi DD,

      Aw man, that’s a tough one. I’m so sorry–how frustrating!

      Well, you’ve done the right thing, and now all you can do is wait. There is no way to even begin to guess the timeline. Hopefully, it’s a quick fix, but ultimately, we have no way to predict, and your best bet is to plan on a bit of a wait, all things considered. I wish I had a more optimistic response for you!

        Kevin

        My SBA EIDL application states processing, this will be a year since I submitted all documents and emailed reconsideration numerous times . They requested more documentation and I gave it to them. I signed everything and still haven’t received an approval. Called again and agent told me they didn’t even order my transcript yet, so she ordered it for me, this is after I signed for my transcript to be released..

        I call once a week but get no where. The agents are nice but the problem lies with underwriting… They are so backed up, and can’t complete a application in full. If they need more supporting documents they will ask for them and move on to the next application and put your application at the bottom of the pile and won’t go back to it or pass along for someone to complete it. I found out that they only work Monday to Friday, but the call center is open 7 days a week. Explain to me how do expect to complete an application in its entirety if you only work 8-5 for only 5 days 🤷🏿‍♂️

        Someone needs to step up and help the small business owners out!! You have the funds and the documents to make a decision..

        Still waiting, small business owner 🤷🏿‍♂️🤷🏿‍♂️

          Sameer

          Hi,

          I got an invite for targeted EIDL back in Feb 13 submitted all the required documents and it’s been 4 months now but, haven’t heard any thing yet. I called them several times sent couple of email to targetedadvance@sba.gov but, always get the same answer it’s processing. Their website says the process would take about 21 days but reality is 121 days and still %0 processing rate.

            Jessica Dinsmore

            Hi Sameer,
            If you received an invitation from the SBA and subsequently applied, you can check the status of your Targeted EIDL Advance through the SBA’s Economic Injury Disaster Portal.

              abdul rahimkhan

              hi sameer same problem when i was reading your question i was confused why they posted my question and i checked the name on it so go to your sba portal and check if u have any submit button in blue if not then click on change business may be there same business ll drop down 2 or 3 times click on each and see any submit button i did that and same day my $9000- is approved try please

                Tamika

                Please write a letter to your State Representative, Congressman, or Governor. Everyone that I know that has had problem like this with SBA in their area, got positive responses immediately. That is what they are there for…The people!

                  Charlotte Godfrey

                  I applied and completed the application for a very small increase in my SBA loan. That was 3 months ago. I am still waiting for the small increase to be funded. What is the delay? I received the initial loan within a week of application. The small increase application was completed 3 months ago and I am still waiting for it to be funded. I emailed to inquire and was told not to email again because I would slow the system down! Do you have any idea why this is taking so long?
                  Thanks

                    Erica Seppala

                    Hi Charlotte!

                    I’m sorry to hear about the delay in your EIDL increase. Unfortunately, we have no way of knowing why your funds are delayed or when you should expect to receive them. We have heard multiple stories from small business owners that have waited weeks or months to receive their funding. All I can say is just to continue to be patient as the SBA continues to catch up on processing the high volume of applications it has received. Good luck!

                      Dan Martin

                      My Targeted EIDL Advance and Supplemental Advance were both approved. Now my Supplemental Advance was funded. Will my Advance also be funded soon?

                        Erica Seppala

                        Hi Dan!

                        Unfortunately, we can’t find out when your Targeted EIDL Advance will be funded. If it was approved, you should expect to receive your funds soon. If your funds continue to be delayed, I would recommend reaching out to the SBA to find out more about your Advance. Good luck!

                          Dan Martin

                          My loan modification has been processing for 25 days. Does that mean it was approved?

                            Erica Seppala

                            Hi Dan!

                            Unfortunately, you can’t determine the status of your loan modification based on processing time. The best course of action would be to contact the lender, either through email, phone, live chat, or other outlets to determine the status. Good luck!

                              Dan Martin

                              I applied for the EIDL advance and the Supplemental Advance. Both were approved but only the supplemental was funded. Don’t they do the both at the same time

                                Erica Seppala

                                Hi Dan!

                                Unfortunately, I’m not sure what the delay would be in funding your EIDL advance. We’ve found that most business owners are experiencing significant delays in receiving loan and advance funds, and we’re not entirely sure why. It appears that the sheer volume of applications and approvals are putting the SBA behind. My advice would be to contact the SBA directly to find out more about why your EIDL advance has not yet been funded. Good luck!

                                  Carol

                                  The EIDEL loan takes way more than 21 days for approval. The first time around it took 12 weeks. This time, as I wait on processing an increase, its already been 12 weeks. Thats a far cry from 21 days. If you talk to SBA, they say there is no timeline of 21 days.
                                  Please be more accurate in your information.

                                    Erica Seppala

                                    Hi Carol!

                                    I’m sorry to hear about the delay of your EIDL funds. Previously, language on the SBA website, as well as personal stories from other borrowers, did indicate that the SBA aimed to process EIDL and Targeted EIDL applications within 21 days. Unfortunately, due to the sheer volume of applications, many borrowers have found that the timeline extends far beyond the 21 days. Unfortunately, there doesn’t seem to be a timeline at all at this point, and we can only direct borrowers to contact the SBA if a significant amount of time has passed since the application was submitted.

                                      Ronald R Litton

                                      I am at 11 weeks on the EIDL loan increase. Been in PROCESSING for about 7 weeks. First EIDL loan took about 8 weeks. Who really knows they dont answer your question via email, they just send a form letter. On the phone all they say is “Well it is taking a lot long this time”. That is right Captain Obvious. The whole thing is obviously a people problem. Plus they have a new SBA administrator who likely has her head up her ass just like the last one.

                                        Beverly

                                        I got a second email yesterday…5/24/21. to apply for this targeted loan as they call it. I am frantically working on this now.and should be finish in less than a week,They contacted me. Do I still have Time

                                          Jessica Dinsmore

                                          Hi Beverly,

                                          The Targeted EIDL Advance Grant is actually not a loan! I haven’t been able to determine a deadline but you can contact them and try to find out if you’d like. The SBA says:

                                          For details about the Targeted EIDL Advance and Supplemental Targeted Advance program, please visit SBA.gov/eidl. Eligible entities can email questions about the SBA Targeted EIDL Advance and Supplemental Targeted Advance to TargetedAdvance@sba.gov, COVID-19 EIDL disaster loan payment questions to DisasterCustomerService@sba.gov, and contact SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard of hearing).

                                          Best of luck to you!

                                            Mohi Hagmusa

                                            The government administration paying billions to facing this epidemic, if SBA have limited employees have to inform or asking the administration to get more employees to see and face the people business crises.
                                            I applied almost one year for EIDL went to reconsideration and appeal then fund was over with new stimulus again delaying this application.
                                            Now more crises might face due this delaying.
                                            I

                                              Tamara

                                              I have a question. Last year (July 2020) I was approved for a SBA Loan for a little over $15,000. I’m self employed stylist and lash technician. We were not considered essential and were forced to shut down. I have applied multiple times for the Grant through SBA and I was denied. I was also exposed to Covid clients after reopening 16 different times of which I was out 10-14 days each time because I’m a honest individual. It put a toll on my business and has really hurt my finances. I have no savings now and though I’m working I’m still playing catch up. I have not received a 2nd or 3rd stimulus and I filed my taxes in April but the IRS is still processing what should be a refund for me. I received the PPP1 and PPP2 loan which was nice but I’m still in financial debt. I clicked your link above to fill out the SBA loan for Covid relief thinking it would take me to my page of saying I can’t except an increase because last year I took the max. This time it says I’m confirmed for almost $98,000. When asked how much I would like to get I slid the bar over to the max. This would help me get my finances back in line and get out of debt. I’m maxed on loans/cc & my credit score has dropped 170 points which really bothers me. I’m also a single mom with 3 kids. When I work I gross anywhere from $4500-$6800 a month. So you can do the math on how financially stressed I’ve been during all this. I’m so scared they will say no and I’ll be on the verge of filing bankruptcy. If the SBA says I’m approved for the amount does it really mean I’m approved? I’m worried I’ll get a denied email like I have with everything else. I only received $1,000 last year for a grant, that was deposited into my account. So I guess my question is if it says in blue at the top of the page amount confirmed and the green bar says “your application is being processed” does that mean I’m more than likely going to get the funds within 21 days and I have hope? Also why is my amount so much more than last time? I’m so confused with all of this, to me it just runs together. Could you explain? Also thank you for your article it’s helpful.

                                                Erica Seppala

                                                Hi Tamara,

                                                I am sorry to hear about the struggles you’ve faced as a result of COVID-19. The only way that you will know if you will receive the EIDL is once your application is processed and approved by the SBA. You will be notified by the SBA once your loan has been approved. Unfortunately, we have no way of knowing the status of your application, so you will have to be patient and wait for the notification of your loan status.

                                                As far as the amount of your loan, there is no specific guidance from the SBA indicating how loan amounts are determined. From my research, I’ve gathered that each loan is processed and approved on a case-by-case basis using monthly gross profits, the amount of lost profits, and other figures to determine how much each borrower is eligible to receive.

                                                  Ted

                                                  I signed the closing document 12 days ago , when I check it says summited . how long do I have to wait before my account is going to be funded?

                                                    Jessica Dinsmore

                                                    Hi Ted,

                                                    Most EIDL applicants will receive a funding decision within 21 days. If you’re approved, you should get a disbursement within a week of approval. You can read more about the process in our SBA EIDL Funding Timeline: What To Expect During Application, Approval, & Processing.

                                                      sandra

                                                      I was eligible for $10,300 EIDL and they had me to verify my identity E-SIGN DOCUMENT which i did about 4days ago the status of my account been showing processing how long do i have to wait before my account is going to be funded???

                                                        Erica Seppala

                                                        Hi Sandra!

                                                        The SBA has stated that it aims to process all loans within 21 days from the date the application was submitted. Unfortunately, there’s such a high volume of applications that this timeline is extended for many borrowers. I would encourage you to continue to check the EIDL portal for status updates. You may also be able to get more information on your loan by calling the SBA directly at 1-800-659-2955. Good luck!

                                                        More Comments

                                                        Leave a Reply

                                                        Your email address will not be published. Required fields are marked *

                                                        Your Review

                                                        Comment moderation is enabled. Your comment may take some time to appear.
                                                        Please read the "User Review and Comment Policy" before posting.

                                                        Share

                                                        We Recommend OnDeck 🏆

                                                        OnDeck is one of our top picks for Business Loans!

                                                         

                                                         

                                                        OnDeck is our featured vendor for business loans and lines of credit. If you have at least one year in business, a personal credit score of 600 or higher, and $100K in annual revenue, OnDeck is ready to help your business get funded.

                                                        Get Started

                                                        Get started with no commitment today.

                                                        We Recommend OnDeck 🏆

                                                        OnDeck is one of our top picks for Business Loans!

                                                         

                                                         

                                                        OnDeck is our featured vendor for business loans and lines of credit. If you have at least one year in business, a personal credit score of 600 or higher, and $100K in annual revenue, OnDeck is ready to help your business get funded.

                                                        Get Started

                                                        Get started with no commitment today.

                                                        Get Started With Featured Pick! 🏆

                                                        is our current featured vendor in this category.




                                                        Get Started

                                                        Learn more today with no commitment.

                                                        We Recommend Donorbox 🏆

                                                        Donorbox is one of our top picks for Donation Systems!

                                                         

                                                         

                                                        Donorbox is a versatile, feature-rich, and easy-to-use donation management system that can help you attract more recurring donors. Get started today for free.

                                                        Get Started

                                                        Get started with no commitment today.

                                                        We Recommend Helcim 🏆

                                                        Helcim is one of our top picks for payment processing!

                                                         

                                                         

                                                        Helcim has exceptional service and an advanced platform that we highly recommend for businesses in Canada and the US. Get three months free when you sign up with Helcim through our links!

                                                        Get Started

                                                        Get started with no commitment today.

                                                        We Recommend Lendio 🏆

                                                        Lendio is one of our top picks for PPP/Business Financing!

                                                         

                                                         

                                                        Lendio is a free-to-use marketplace that allows you to compare lenders side-by-side. Easily find PPP/SBA loans alongside other financing options.

                                                        Get Started

                                                        Get started with no commitment today.

                                                        PPP & EIDL Are Not Your Only Options

                                                        The SBA has expanded their loan portfolio and we have the list that no one else is talking about (yet) — Sign up for our newsletter to get your free copy!

                                                        • This field is for validation purposes and should be left unchanged.

                                                        We Recommend Square POS 🏆

                                                        Square POS is one of our top picks for Point of Sale!

                                                         

                                                         

                                                        Square is free to use and currently includes a free card reader at sign-up!

                                                        No credit card is required to create your account.

                                                        Get Started

                                                        Get started with no commitment today.

                                                         

                                                        Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.

                                                        Sign up for the Maverick Newsletter

                                                        • Please select topics of interest

                                                        • We occasionally send out emails with special offers.
                                                        • This field is for validation purposes and should be left unchanged.