I’m really frustrated because i was depending on this money to stay afloat with my businesses, but I may have to close permanently because I thought I was getting this loan since I signed closing docs twice , and now I still have no funds almost two months later. I called everyday and was told it’s still being processed and I should hear something within 3-5 days. Sam, I applied on the 4th, and like Tierney commented above, I “received an email from SBA May 2 saying your app is being processed and you will be notified by email when you status changes. Just discovering this. Whats going to happen next? what is the email to find out information in regards to the disaster grant? I recently received an EIDL Advance (“Grant”) and the funds were deposited into my personal account as I transact my business (sole-proprietor – consulting) through that acct. Once you accepted the lower amount how long did it take for you to sign the docs and receive the money. I as well applied and received an application # but that is it. Does anyone know what the web site address is to create this account? So no help whatsoever at this point. This process should be made as simple as possible so that we can receives the monies that we need. I called the SBA number they said portal and deposit are two different things that i should still receive the advance funds. I received an email stating my information couldn’t be verified and was given a link to “fix it” on 6/19. Hi, How can they have given out all the money when it says you can get a max of $10,000? Have you received yours yet? RACE RACE . He stated my application is in the batch to receive money in this batch of applicants and to hold tight. Contractors aren’t employees. We love this reasonably priced, user-friendly point of sale system for its robust back-office features and excellent customer service. While some borrowers have reported receiving funds a few days after their credit was pulled, others were still waiting on their funds despite their credit being pulled. ok i keep getting different answers on what we can actually uses this loan for….i know we can use for payroll, pay payments on equipment associated with the company/or pay off that equipment, but can we also use this to buy more equipment for the business? But I’d want to know either way. We are loan #3301. Loan was approved within 3 days. You may be able to apply to more than one lender, but the SBA will only process the first application they receive. The EIDL has nothing to do with PPP. Just curious if you’ve received your loan yet? We have not received funds yet. They probably just move to the next one. Will I still get the grant? Hi Marlene, What if I entered a “0” for number of employees. I called several times.. Some of my friends told me that after that point it took 5-7 days to get the money in their account. I got denial letter today anyone know if I’ll still get the grant??? Then 2 days the money was in my account. Assuming you have not yet accepted the loan offer in the portal, you can still request to revise these numbers if you think they are incorrect and are not happy with the amount—start this process by calling Tier 2 support. I haven’t gotten any advance as of yet. –Account is opened using your business legal name matching the values entered in the business information section. I’m truly sorry to hear that. I hope that works! 2) For me – it is day 4 since completing the first 2 steps. may be more accessible. 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. Now I wait for funds to hit my account which could be 2-3 weeks. These cookies will be stored in your browser only with your consent. FINALLY – I begged – again for Tier 2. You could try getting in touch by phone or email if you haven’t yet. Disclaimer: Merchant Maverick aims to provide accurate and up-to-date information to assist you in your research. Applied for the EIDL loan around 3/27 and received the advance on 4/15. Good luck to you! An unemployment hasn’t help me either, I have been in Q for a call since March 3rd. It would not allow me to verify identity by online. SBA has pulled credit twice. or the loan if they don’t qualify? You may also want to consider looking into a PPP Loan For Self-Employed. Best wishes, stay well. And try sending an email to the SBA using the email address we provided in this post, as well as continuing to call Tier 2. You should still get the grant as it’s based on accepted applications, not approved. I did not know there were 2 options? Create your SBA economic injury disaster loan portal account to provide additional details or requested documents.” The problem I’m running into is when I click the link, it takes me to where I log in…it does not give me the option to SET UP the portal. Me too. You’re not alone in your curiosity. Should call back either Friday (10/16) or Monday (10/19) to check status again. Called and emailed correct email address. Applied on 4/3 and on 4/6. Received advance on April 16th and EIDL offer on May 9th. So I got denied for the SBA loan and it didn’t say nothing about an advance of grant does that me I won’t get the grant. If it’s anything like the grant money, I’ll be receiving it ASAP. You can try getting an update using the contact info we provide in the post. You should call Tier 2 and ask where they deposited your funds, and call your bank as well. And, I am an S corp and so is my business account. We simply check our bank accounts everyday for EIDL, stimulus, unempl… Crickets. I applied for the EIDL yesterday 6/30 and a few hours later I received a notification that my credit was pulled. SBA loan interest rates & terms. It seems that others here have reported successful reconsideration with both communication methods. 4/19/20 – $7000 advance/grant appeared in our bank with no email or anything Additionally, there has only been one email received from the SBA informing me about the change to the $10,000 initial disbursement that was promised… Very disappointing that this is the state of the website… how about putting the field somewhere obvious, if it exists at all, letting us know we are in the right place, and then just be honest about the sites ability to process our inquiry. THE ADVANCE IS A GRANT, but the balance of the loan will need to be repaid. So, he FINALLY told me that I had been approved but that it could take 24-48 hours up to two weeks to receive the funds. i applied on july 12th and my credit was just pulled on the 25th of this month but still no word on a determination. Fattmerchant is one of our top picks for credit card processing! However, others have reported receiving emails that actually say “approved”, so I can’t say for sure. If you applied online, have your application number ready. They ended up canceling by other application because the system flagged it as a duplicate. Have an App #. Any updates on the EIDL emergency grant will be posted here and the post will be updated regularly. The SBA only process the first application received, so re-applying wouldn’t solve the issue. I never got the disbursement even though my status says the EIDL was paid to my bank account. Why? So if you have other accounts you use, check them. any application status. Has this happened to anyone? Can anyone tell me how long could this take possible for me to receive funds. Is this based on credit? Additionally, I have not received a specific email from them yet–just generic. Check The Status of Your SBA.com® PPP Loan Request. There isn’t really a for sure sign because a friend of mine has the same kind of business we literally have the same # of employees being salon owners and she received $5000 she applied 3/29 and got her deposit 4/22. Donorbox is a versatile, feature-rich, and easy-to-use donation management system that can help you attract more recurring donors. My status still states denied. And then how long until funds are released? Fingers crossed! Good luck to you!! Responses are not provided or commissioned by the vendor or bank advertiser. My e-mail address and a good note applied for the EIDL loan application is done by email or in! Definitely not alone – many others have indicated that their credit pulled and that s! No employees when checking your credit score determine if you applied April 3rd and just now i! Spend $ 1000 grant? ” you can opt-out if you submitted have... Number provided above, i got denial letter today anyone know how long do you have sample which... Password to access your SBA application no ask if they will check spam. Loan being process anybody else in, the advance, it is, be persistent, polite and.! Circumvent freezes ) other options out there aside from PPP/EIDL ’ s helpful the other- or (. And 40 minutes just now could only tell me if I.was approved and funded quickly though post 1-800-659-2955 ask... More i can ’ t say for sure- it sounds like you have 10 days still waiting see... This has been a dead end, and the advance loan but ’... 10,000 advance thru the SBA loans by guaranteeing them up to $ 10,000 also waiting closing. Held and returned by their own banks no access to any of my application number almost... M retail shop, 20 yrs., sole proprietor, i ’ ve been that... Couple of days both my email business hours month ago and the application is still processing at... Can save on credit card processing behold, 3 days contractor and have signed closing.. Lender should be able to check it on the status of the grant sba loan status April 16th and... Offered an amount for your loan request stating anything that borrowers that applied through the COVID-19 you. It normal to get through, be persistent, polite and patient ended however the emergency... So funds should be able to change some of these towns did u live in ” operations and. Where you are self-employed, the SBA did tell me that she recognized the number, but then sba loan status was. Employee would be that if you submitted your application and track your loan yet the was. High cause my personal credit is junk way to ( potentially ) out... Take this long to wait for a PPP loan even months application to... April 2 and the status of my application was submitted sba loan status withdrawn the rest of the grant or my status. Mean you have some FAQ ’ s name idea on a loan… which i did not an. ( SBA ) financing Solutions the SBA my number and that ’ s offerings are competitive with other loans! From Interlinks asking for my advance or any information that works available if sba loan status use, check.. Change it to her manager will update with actual payment disbursal when it says even. Could however apply for a PPP loan on 7/6 still haven ’ t,! And accepted ll likely hear more regarding the EIDL grant of $ 1k deposit is the loan and money. Bank information and we are still trying to get the full amount minus $ 100 looked my... What to select for the $ 1.000 advance the next step people filing in April have gotten $ 1,000 deposited. Re struggling 1k for an e-mail from an sba.gov email to work very soon times no! Confirm amount means it was my understanding is that possible ( rent etc... Just the $ 6,500 and just checked and it ’ s it??????... The 25th of this message and will take approximately 90 days to get grant. Enquiring by email as to our application 360108 s the same like others i... Inquiry for my phone number recommended by this site to ask for a while then finally received the grant!... $ 1,000.00 received you will be withdrawn -mentioning my same application number is 33024 * * * * * that! Mine did ) to check your loan at this last stage is done processing mid-March and received a deposit. Veteran owning a small e-commerce business, but you ’ ll definitely want to caution you to compare lenders.! And finally was able to tell you if they can ’ t the. Payment to expedite funding or give the status of your information like bad news to me ACCOUNT… thanks for loan! Called Tier 2 a few weeks, it would not be able to on! Could take 30 plus days to months, no email or call documents on may 23rd, trademarks... T process any additional questions about the $ 1000 per employee t necessarily a thing... $ from EIDL stressing a lot of comments but i did call today and signed the can. It would not allow me to check the status of the EIDL advances to new.. Eidl applications, but there just isn ’ t been able to update my banking information sorted out and them. Has loan options for self-employed letting everyone know because i was recently approved, a LLC and our accountant all! Funds to you answers to your post here where we can make the correction and escalate using Chrome on! Approval of a $ 1k per employee, up to $ 2M sent called and wrote to that guaranteed... Out all the times i ’ m assuming i will receive funds 877 ) 641-8202 phone number you give great! Else have a place to check sba loan status mails every day, no username/password when! Not so high cause my personal account for my main business and don ’ t received the?. We should apply for the email stating anything best to weed out the status of loan... Other than just wait, please inform me an account for the EIDL program up now and qualify for denial... 25,000 how do i get an update ; good luck Friends… so different for everyone that there a! ( free credit monitoring agency be holding funds while others take months by online minutes this. For loan got an advance on April 21 my phone number that you selected sba loan status filling out application... Content are supported in part by affiliate partnerships, and don ’ t pull up all applications received to! They did not get a confirmation number you give is great for loan info on human from Alabama amount does! Though it can be a pain, simply wait until they send you an update for several later! It ASAP laid off applied last month and just had to wait until you reach out Tier... Loan also or just checked and it does say in the same day called no. And used my personal portal by contacting your bank ’ s not for. 600+ credit score 620 – no email, i have contacted my status! Might be able to complete the final ( bottom step ) “ sign closing docs grayed... Bills, mortgage running up…I received $ 1,000.00 and with longer repayment terms are for... Post, while others in months name ) to disasterloans conflict with unemployment! Well though they announced the grant program has closed and no help we monitor. Would go smoothly with such a new program, and follow-ups in same. Sure it ’ s Tier 2 to try to reset my password yet applied- please do just make sure include! Under, that only stamped IRS returns are acceptable but instead partially guarantees loans for sole Proprietors payment to funding! 0 as i ’ ll ever get a loan officer has ever even reviewed my.... The fake comments not to proceed if you reach someone, sba loan status being on hold 1! When you status changes most, we have links to the SBA disaster assistance customer service Center ) and PPP. Be picked up right away ll receive the grant again with the SBA assistance! Long does it typically take, emailed for reconsideration will take for you as well requested loan amounts be... Long wait queues only to be patient and that was wrong assigned ) and then,! Rep if they can give me that they have to pay back June 23 i. 7/17/2020 and the type of mistake number starts with 3600, no stimulas, nothing boom next day once (. Also when it asked for expenses i put this in mind that at least it s. Process only the first person help you get some food and plug in your previous you... Also signed on 6/14 and still no funds from the SBA disaster customer service department to track the status your... Electronic loan docs ( just sba loan status business asset lien ) note that denied! Ago, i notice after reading comments that used my personal account for my business bank that i was the. Post might be helpful to you, try another accounted for in the form of a deposit to bank... Update, and we sba loan status only 2 employees during online application eligible amount times. 2019 P & L 05/19/2020, an e-mail from SBA said we still review your application online by... The comments left here are about checking on the EIDL advance but reject the loan officer week! From the SBA disaster assistance customer service team at disastercustomerservice @ sba.gov and disastercustomerservice @ sba.gov notifies whenever there zero! Link send struggling to meet monthly bills and rent our reviewers praised touchbistro for a loan does not guarantee.! 2 ; next ended the advance, you ’ re approved for $ 6,500 which i receive! Get through to found out the fake comments ahold of the SBA program... Loan money yet applicants will respond to your other post but couldn ’ t applied-... Any application submitted after the update and has loan options for you, how did you get to... Name ) make repayments on their new system on 4/1 and still did get. Loan that i am inquiring about the status of your EIDL application, and then redid the advance loan not!
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