How To Check SBA Loan Status

Want to check your SBA loan status? Your business probably has a lot riding on your SBA loan, so it’s natural to have some concern about your loan’s approval status if some time has passed since you applied.

Or perhaps you were already approved for an SBA loan and want to know when your loan will be funded. Existing SBA borrowers might also be wondering if their loan has been forgiven (in the case of PPP loans), or if the loan has gone into default due to missed payments (let’s hope not!).

There are a few ways to check on the status of your SBA loan, but it depends on the type of SBA loan you applied for.

Fortunately, checking the status of your SBA loan is pretty straightforward.

How To Check Your SBA Loan Status Online

There are several different websites you can use to check the status of your SBA loan online. Which one to use depends on the type of SBA loan you’re checking on.

My SBA Loan Portal

You can check the status of most common SBA loans online using the new MySBA Loan Portal, which uses one login for multiple SBA programs. Here you can see whether your loan was approved, denied, pending, or another status. You can also use the portal to make loan payments, access loan statements, and send messages to the SBA regarding your loan account.

You can log in to the MySBA Loan Portal with your MySBA account, or if you already have a Capital Access Financial System (CAFS) or Veteran Small Business Certification (VetCert) account, you can use those credentials.

Types of SBA loans you can check with the MySBA Loan Portal include:

• SBA 7(a) loans
• SBA 504 loans
• Paycheck Protection Program (PPP) loans
• COVID-19 Economic Injury Disaster Loan (EIDL) loans

If you need technical assistance with the portal, you can call MySBA Loan Portal Customer Service at 1-833-572-0502‍ from 8:00 a.m. to 8:00 p.m. ET, Monday to Friday, or email [email protected]. Note that the MySBA Loan Portal Customer Service cannot access your individual loan information.

Other Types Of SBA Loans

Certain types of SBA loans and grants have their own online portals, which means you can’t use the MySBA portal to check the status of those loans.

For example, to check the status of your non-COVID SBA disaster loan, you will need to visit disasterloanassistance.sba.gov.

There are also separate portals for certain COVID-era grants, including the Shuttered Venue Operators Grant (SVOG) Portal and the Restaurant Revitalization Fund (RRF) Award Portal.

Contacting The SBA About Loan Status

If you don’t have luck with the online portal, you can contact the SBA directly about your loan status, via email or over the phone. However, for loans serviced by other banking institutions, such as SBA 7(a), PPP loans, and SBA microloans, you may need to contact your lender directly.

Below, you can find the contact information for various types of SBA loans.

SBA Answer Desk (General Inquiries)

• Phone: 800-827-5722
• Email: [email protected]
• Hours: Monday-Friday 9:00 a.m. to 6:00 p.m. ET

SBA COVID-19 EIDL Customer Service Center

• Phone: 833-853-5638
• Email: [email protected]
• Hours: 8:00 a.m. to 8:00 p.m. ET, Monday to Friday

SBA Disaster Assistance Customer Service Center (Non-COVID Disaster Loans)

• Phone: 800-659-2955
• Hours: 8:00 a.m. to 8:00 p.m. ET, Monday to Friday
• Email: [email protected]

PPP, 7(a), 504, and Microloans

• Contact lender directly

How Will I Know If My SBA Loan Is Approved?

Although you can check the status of your SBA loan online, checking the portal every day probably isn’t the best use of your time. You can trust that once your SBA loan is approved, the SBA loan will reach out to you via email.

The email will contain a letter that states the SBA’s decision and what percentage of your loan is guaranteed. Similarly, in the event that your SBA loan was denied, the SBA will email you a denial letter. It can take at least two weeks to receive your SBA decision status email.

Once your SBA loan is officially approved, your SBA-partnered lender will then reach out to you to discuss the specific terms and rates for your loan.

SBA PPP Loan Forgiveness Status

If you are not sure about the forgiveness status of your SBA PPP or COVID-EIDL loan, please read the following information carefully:

• PPP loan forgiveness is not automatic; you need to apply for PPP forgiveness.
• There is no SBA EIDL loan forgiveness; EIDL loans are not forgivable.
• Any EIDL advances/grants you received are automatically forgiven; you do not need to apply for forgiveness.

To apply for PPP forgiveness, you can use the SBA Direct Forgiveness Portal. If your PPP lender does not participate in the portal, you will have to contact the lender directly to apply for/check the status of your PPP loan forgiveness.

SBA Loan Default Status

SBA loan default occurs after you haven’t made a loan payment for a certain number of days. If your SBA loan status is “Past Due,” this means you are at risk of falling into delinquency.

An SBA loan becomes delinquent as soon as you miss a payment. After the loan has been delinquent for anywhere between 90-120 days (depending on the lender), the SBA loan will fall into default.

Once the loan is in default, it may eventually show the status “In Liquidation.” At this time, your lender will begin standard loan collection procedures, as outlined in your SBA loan agreement.

This could include seizing your business loan collateral or even garnishing your wages.

The Bottom Line On How To Check Your SBA Loan Status

You can check the status of most SBA loans using the MySBA portal. For example, you can use the portal to find out if your SBA 504 loan has been approved or to see if your PPP loan has been forgiven.

Ultimately, you will an email from the SBA and/or your lender regarding the approval status of your SBA loan.

The best SBA lenders tend to have good customer service and quick turnaround times.

Contact your lender directly if you can’t find the information you need regarding your SBA loan status using the SBA website.

SBA Loan Status FAQs