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 gone into default due to missed payments.

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

Fortunately, checking your loan status is pretty straightforward.

How To Check Your SBA Loan Status Online

Because most SBA loans are issued and serviced by partner lenders, your lender is often the best source for updates on your loan status.

However, 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.

The MySBA Loan Portal is primarily used for SBA-serviced loans, such as EIDL, and may provide limited information for other SBA programs like 7(a), 504, or PPP loans, which are typically managed by your lender.

If you need technical assistance with the portal, you can call MySBA Loan Portal Customer Service at 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 success 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) 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

Contact information is subject to change. Visit SBA.gov for the most up-to-date details.

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’ll typically be notified by your lender (and sometimes the SBA, depending on the loan type) once your loan is approved.

If your loan is denied, you’ll typically be notified by your lender or the SBA, depending on the loan type. 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.

Funding timelines vary, but it can take several days to a few weeks after approval to receive funds, depending on the lender and loan type.

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 90 days or more of missed payments, depending on your lender and loan terms, 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.

If you can’t find your loan status online, your lender is usually your fastest and most reliable source for updates.

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