Thanks. My Service Canada Account: How to register with your bank hbbd```b``OW1D2`)FDHMd]fIk7lvi $A i$Q&gl])>"%h e@ As of May 6, 2022, the SBA is no longer processing EIDL loan increase requests or requests for reconsideration of previously declined loan applications due to a lack of available funding. This EIDL application was ultimately denied by the SBA. Hopefully this isnt an issue. Called, T2 said keep waiting as they are "getting paperwork together", 6/7 - Just spoke with t2. Applied 1/20 as existing customer 2nd draw and sat idle in review until 2/2 when they finally submitted my application to the SBA. There are staff members that now know me by name (Michael from West Africa is my favorite help desk person). That was about 1/4 of what was offered. Received my original funding last year. She said that next steps would include two emails, one on the Increased loan amount and a second on the Targeted EIDL Advance. I applied on April 22-2021 for my increase and states the loan modification is being processed and I know may of you will tell me its only being a few days ago, but I was curious to call and speak with someoone who can give me real info, so after waiting 15 minutes on the phone a lady pick up the phone and told me "we are having some technical issues with our portal and a lot of glitches, please check thursday or friday, if your status didn't change please call us back" and I asked her why thursday or friday, and she said to me "many updates are coming on thursday and friday." and I said ok.but I feel she was trying just to finish the call like she didn't care so I'm calling back to see what other agent tells me.I will keep you in the loop to everybody. That's where they check all of your documentation and verify your business. Credit Card Processors; High Risk Applicators; A recent Florida SBA policy change increases the maximum loan available to small businesses for COVID-19 to $2,000,000. 6/4 - 10 days since portal invite. Now I'm stressing because I seen all these other borrowers getting approvals back and closing docs from BlueVine within 1-2 days of submitting to sba. 04/19/2020: Initial SBA EIDL Loan funded, Terms, Payments to start in 12 months, 3.75% for 30 years, 04/07/2021 at 6.47 am CDT: SBA sends me an 'Increased Loan Limits' email (Image #1). Stuck in "your application is being processed" : r/EIDL I applied 1/20 with BlueVine and the literally just submitted my application to the SBA on 2/2. . Larger limit for SBA EIDL program. 04/19/2020: Initial SBA EIDL Loan funded, Terms, Payments to start in 12 months, 3.75% for 30 years 04/07/2021 at 6.47 am CDT: SBA sends me an 'Increased Loan Limits' email (Image #1) 04/07/2021 at 8.39 am CDT: Author sends back request email seeking an increase (Note: This was attempt #3 at sending as the attempts at 8.23 am and 8.37 am respectively bounced back due to mail address issues. r/EIDL - Hello, How long did it take for funding after "YOUR Sign up for and complete application via SBA portal 4. Part of me really wants to believe that they're going in "somewhat" order of original EIDL loan date. Use r/TargetedEIDL for advance/grant issues. Applicants should follow these instructions when requesting a re-evaluation: Send an email to TargetedAdvanceReevaluation@sba.gov Florida SBA EIDL COVID-19 Loan Increase Timeline and Process for 2022 Privacy Policy. The SBA has many loans you can apply for, such as 7(a) Loans, 504 Loans, and Microloans. Bluevine - "Your application is being processed by the SBA" Your file number (CP-12), found on documents received from the Ministre, like a deposit notice or a or a notice to appear; The last three numbers of your social insurance number (SIN) If you don't have a file with the Ministre, you must have a Revenu Qubec notice of assessment from one of the last two years. SBA EIDL Deadline 12/31: What it Means for Businesses in 2022 ", Still in "Your application is being processed" hell, Scan this QR code to download the app now. and our Hot www.forafinancial.com This part of the process can take anywhere from one to 30 days. Last April (2021), I received a notice that I was eligible for an increase. Also, SBA Resource Partnerssuch as a local Small Business Development Center (SBDC) or Women's Business DevelopmentCenter (WBC) can assist you with completing and submitting the COVID EIDL application at nocost. 1y You're only a week into the process. PDF Targeted EIDL Advance and Supplemental Targeted Advance FAQ That's what's wrong. A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. This part of the process is generally taking 2 to 3 weeks. Your application is being processed : r/EIDL Aside from my calls to T2, I have heard nothing. We apologize for the delays, but we are COVID-19 EIDLs are designed to provide economic relief if your business is currently experiencing a loss of revenue due to the pandemic. Online Services - Employment Assistance | Gouvernement du Qubec Within hours, I was able to confirm amount and hit the "process" button which now says "Your application is being processed" just very curious on average how long it takes to get to the next step of an approval or decline? The amount of the grant is required to be reduced by any PPP funding that was previously received by the business Beginning Feb. 1, 2021, SBA first reached out to EIDL applicants who already received a partial EIDL Advance (between $1,000 - $9,000). By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. February 23, 2022 SBA Disaster Loan Advisors Leave a comment. SBA Disaster Loan EIDL Options to Overcome Being Denied - Yahoo The program will be administered by the SBA and has the following parameters: Grants will be provided on the basis of pandemic-related revenue loss from 2019 to 2020. You will receive an email notification of the application status in the coming weeks. Because of where my business is located my advance will be topped up to $10,000 or plus $7,000. "You have been approved, it's now up to the SBA office" (Oct, Nov, Dec), tier 2: "you're good; expect an email this week", "I see a confirmation that your account has been opened and they are working on funding. Privacy Policy. SBA $15,000 Targeted EIDL Advance Grant: Do You Qualify? The SBA cannot process Supplemental grant applications after December 31st, so it "strongly encourages" eligible small businesses to apply by the December 10, 2021 deadline to ensure adequate processing time. . I know others have been waiting longer and it sucks for us. Paycheck Protection Program & Economic Injury Disaster Loan Discussion for the 2020-2022 COVID-19 disaster. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. If you have already received a Florida EIDL loan from the Small . Sba Loan Your Application Is Being Processed| Top Scholarships Just wanted to get a typical wait time. Your application is being processed by the SBA - PPP 2nd Round Log into account on . PDF requently Asked Questions F SBA EIDL INCREASE SUBM/EMAILED 4/7 & 4/22 Original Loan #3311 - Reddit and our By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Entering 5 months not a minute of peace this whole time. I keep looking in my portal and it says your application is being processed. Called SBA yesterday and found out that there has in fact been a hold placed that is delaying my 2nd draw application from actually being processed . Hello everyone please I need help and needed to be sure if my loan is still processing and will hopefully get an approval email, I applied for the SBA EIDL loan 30/ July and got portal email same day, I registered my account and was eligible for $150k I accepted full amount and my credit score was pulled same day, my credit score was formerly 630 and was pulled then I got credit report and I dropped to 613 on my credit report, showing on my portal link my application has been received and processing, my identity confirmed and verified and still havent gotten any email from the SBA for an approval or denied letter, I still dont know what my chances are for the loan but hopefully will I be approved and have to wait until I get the next letter, Scan this QR code to download the app now. PDF F. #2021r00254 Eastern District of New York Can people give their experience of timeline when they received any approval (loan doc signing) to denials after they've confirmed their loan amount, uploaded all docs, and hit that "submit" button to get "Your Application is being Processed". I got my original EIDL loan March 2021. 2. Business Business, Economics, and Finance. But luckily, there are a few different ways you can check the status of your application: Online: https://disasterloanassistance.sba.gov or via the SBA portal. Tax returns. For more information, please see our Was told approval was waiting on 2nd stage and keep waiting. If your EIDL application is denied, you have six months from the date of denial to request a reconsideration. This federal small business loan program supports small businesses' recovery from the COVID-19 disaster's economic impacts by providing accessible and borrower-friendly capital. Your application is being processed by the SBA (What's next) Research Credit Mapping Processing Reviews. and our Complete EIDL Intake Form via sba.gov/eidl 3. Recognition Card Data. First of all thank you to everyone that helped me in my last post. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. I called today and try to find out what is the status of the application. There you go. endstream endobj 243 0 obj <. The SBA is increasing EIDL limits up to $2,000,000. Here are the details Reddit and its partners use cookies and similar technologies to provide you with a better experience. Cookie Notice Your application is being processed. It's been in processing ever since and I've called them for days and keep getting told to just wait and that nothing is wrong, no holds showing etc. Sba Eidl Grant Application 2021 - GrantInfoClub.com SBA EIDL Grant Timeline: Whichever For Expect With Application The portal will only be . Register for online services Your application was sent to the SBA to be processed. Applicants can send a request for reevaluation of a Targeted EIDL Advance application that was declined to the following email address: TargetedAdvanceReevaluation@sba.gov. Small businesses can access a $10,000 loan advance that is not repaid. Step 2: The loan officer will review your application and underwrite the loan within 10 to 14 days. With screenshots (PII redacted), my SBA EIDL Journey. I have received Loan offer on 07/02/2020, I applied the same day. I know others have been waiting longer and it sucks for us. For more information, please see our By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Apply for >$500K Immediately 1. Processing time : EIDL r/EIDL - Timeline to signing docs from "Your Application is Processing Reply. Use r/TargetedEIDL for advance/grant issues. Timeline to signing docs from "Your Application is Processing" when confirming and hitting that submit button. The accountant that processed my EIDL application put the wrong bank acct info, email, telephone number and other incorrect info on my application. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Said loan approved on 5/30. I let her know this and re sent 2019 tax returns lets see. The operator told me I need to wait for someone to start working on my loan application manually. In September 2021, SBA Administrator Isabella Casillas Guzman announced major enhancements to the COVID Economic Injury Disaster Loan (EIDL) program. If approved, follow adjacent steps for a COVID EIDL increase for >$500K funds 2. Stay strong out there. Ive noticed that those who have applied recently for the EIDL loan are being processed and funded right away. So what's the delay? Rather, it represents your acknowledgement of a potential loan amount, prior to review by a loan officer. To be considered for the $5K Supplemental Advance, you must apply for the EIDL program by the end of today. r/EIDL - Your application is being processed If you submitted your application online, you can check your loan status through the SBA website. "she said your application is being processed, your loan officer will contact you and as far as I can see we receive everything from you the day you apply and we don't have any timeframe to process applications and i ask her about the new SBA timeframe regarding to request transcripts and if they don't get them with certain time she said to me 6 The investigation has revealed that at least one other EIDL application was submitted from the Nunez IP Address registered to SUBJECT PREMISES-2 by Individual-2, an individual whose identity is known to your affiant and who does not reside at SUBJECT PREMISES-2. I keep looking in my portal and it says your application is being processed. 274 0 obj <>/Filter/FlateDecode/ID[]/Index[242 59]/Info 241 0 R/Length 138/Prev 245245/Root 243 0 R/Size 301/Type/XRef/W[1 3 1]>>stream and our By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Could be several more weeks but he seemed surprised that it has been 15 days "processing", Stuck in "your application is being processed". The Administration is . Reddit and its partners use cookies and similar technologies to provide you with a better experience. These loans are designed to help small businesses with the purchasing of real estate, short- and long-term working capital, refinancing current business debt, and various other purposes for eligible businesses. Step 3: The lender will hopefully approve your loan and send you a commitment letter. The SBA has all my documents and I've been told verbally by Tier 2 that I've been approved. Scan this QR code to download the app now. I took a modest amount based on six-months revenue minus the amount that my current revenue would cover. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Each time I call, I ask if anything else has been entered into the portal. Cookie Notice I've been told my transcripts were received and uploaded just this last Wed 9/1 by SBA District Office. Cookie Notice When processing is complete-the SBA may take 8 days or longer to process your application-we'll send you an email with instructions to accept and sign your loan offer. I would encourage you to try to reach out to the SBA to make sure your application is still being considered for the increase. A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. The last entry was December 10. In September, I received an email telling me that I had be declined due to "Applicant requests a withdrawal or fails to proceed", Immediately sent a request for review to "pdcrecons", Three minutes later got a call from a LO telling me that she had canceled my application and that I would need to re-apply in order to try and get past a "glitch" in the system that was stopping the processing of the FUNDING of my increase. =H@B121ff| Federal Register :: Disaster Loan Program Changes Use r/TargetedEIDL for advance/grant issues. 2. About COVID-19 EIDL Can people give their experience of timeline when they received any approval (loan doc signing) to denials after they've confirmed their loan amount, uploaded all docs, and hit that "submit" button to get "Your Application is being Processed". Privacy Policy. A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. So whats the delay? Verify initial and additional eligibility requirements met via FAQs 2. 242 0 obj <> endobj 7(a) Loans is the most common loan program at the SBA. PDF COVID EIDL Program Updates Since confirmation, I have called multiple times (essentially once/twice each week). Eligible small businesses, nonprofits, and agricultural businesses in all U.S. states and territories can apply. How Long Were You in "Your Application is Being Processed?" In normal recon prior to April 6 I've been on this status since 4/19 and it says everything is "completed." Everything's signed. Any help would be appreciated. Credit is there. 04/27/2021: Author checked the SBA Covid Relief page today, Amount has been 'Confirmed' and Green block added, 'Your Loan Modification is being processed.
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