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How SBA Economic Injury Disaster Loan (EIDL) Emergency Advances Work & Where Your Small Business Can Get One

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

Shannon Vissers

Shannon is a writer and editor based in San Diego, CA. Shannon attended San Diego State University, graduating in 2005 with a BA in English. She is the former editor-in-chief of SteelOrbis, an online trade publication. Shannon has also published articles for LIVESTRONG.COM, eHow, Life'd, and other websites. She has been with Merchant Maverick since 2015, writing about POS software, small business loans, and financing for women entrepreneurs.
Shannon Vissers

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7 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.

    Barbara Johnson

    I applied for a sba grant disaster injury loan iand july 6 it was approved and now it has almost a month on August 6 2020 how long do I have to wait for the money to be directly deposited into my account I need the money to register my car before August the 28 2020 and to pay some bills and to send for my husband and son who’s in Jamaica on vacation

      Jessica Dinsmore

      Hi Barbara,

      There isn’t a set timeline, unfortunately. The processing time seems to look different for every applicant.

        hellica perez

        I would like to check my status on my application loan covin 19

          This comment refers to an earlier version of this post and may be outdated.

          Jessica Dinsmore

          Hi Hellica,

          We have a post that explains How To Check The Status Of Your EIDL and Emergency Advance. I hope this helps!

            This comment refers to an earlier version of this post and may be outdated.

            jesse l perry

            Yes same here I applied as the ability to do so became active ,I called the number above and was informed that no information for my application was available and that it could take up to 6 weeks from application date before information would be available .my buisness will go under ,no doubt about it ,but will the funds be available in time to restart and begin to build again ,hope is nearly lost .maybe some of us small businesses will make it .God bless.we need it now.

              This comment refers to an earlier version of this post and may be outdated.

              kam

              This information is wrong. When you call the SBA 800 number to inquire about the status of your EIDL advance application they simply say that there is no way for them to check the application status. It’s unfortunate the blogs keep distributing incorrect information.

                This comment refers to an earlier version of this post and may be outdated.

                Jessica Dinsmore

                Hi Kam,

                Our information is sourced from the SBA, but as we warn readers in our How To Check The Status Of Your EIDL post, many have reported difficulty getting an update.

                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.
                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.

                  This comment refers to an earlier version of this post and may be outdated.

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