Got $1K on 2nd app 4/30, nothing on other, no substantive communication about loan itself. So if I’m a sole proprietor with no employees all I can get forgiven for the Loan would be $1000 and that’s only IF I get the advance, right?My understanding is that the advance is not paid back. I have never received any communication from them!! I emailed 4/14- nothing. By law, the SBA is not permitted to issue new EIDL Advances once all program funding has been obligated.EIDL loan applications will still be processed even though the Advance is no longer available.Part of that notice says to “new” applicants so lets keep dreaming! Daily calls and no one can answer why. You can always try to call Tier 2 for an update, but chances are, they won’t be able to tell you anything more until it’s done moving through the process. Got application number but have heard nothing since. When all of this started, 10k was the advance amount anyone could have received. One thing I learned from reading these messages is that if you connect a personal bank account there are often problems with the funding getting deposited. In other words, this shouldn’t be used to gauge whether or not your loan was approved or will soon be funded. You can get a decline letter an any point, even after the invite to portal email.4) Calling in does *not* push your application further along.
I applied mid June and am now being told they have no grant money. Got PPP funded as well. Do you know who is funding your loan? hoping others, somewhere, have had similar experiences and might be able to shed some light on what’s to come! There is just so much information swirling around right now, it’s tricky to make sense of it all. I’m just trying to get some clarity in regards to how this works… I received my eligible amount email, I confirmed on my amount and now it says processing… Is this a good indicator that my loan will be approved?Please advise.
Cannot get through to found out the status.Hello Guys, i need some information, my grant advance for 5k was approved sent to my bank but did not go through because the bank account name is not in my business name but my own name..can this be rectify for me to get the 5k advance?It seems there has been a lot of situations like this over the last couple of weeks!
On about May 6, i was invited to sign closing docs AGAIN with a different amount for some reason, and still no money to this day. She said my application was in the que waiting to be picked up by a loan officer. on the Grant program. I was under the impression that the Advance was processed a lot quicker than the loan application.Hi Sam, I am a single sole proprietor. ?I am taking a photo of this message and will be reporting you to the authorities. I wish you all the best!I applied last week and have not received an e-mail or anything saying my application was received. No positive info or communication and not a penny received.I applied on 03/31, got an application number 3600. No credit pull, so far. Nothing yet. The EIDL is a loan of up to $2M. Don’t stop until you get some answers!what is the email to find out information in regards to the disaster grant? As long as you checked the box to receive it, you should see it deposited into the account you designated on your application eventually. and they say im up soon but thats sum dude on youtube.The reason why is because after you complete your application, you will received another email from the SBA to then at that point create your account. That portal is CLOSED!Calling into the SBA doesn’t guarantee a status update. I am self-employed and not working due to COVID 19. Meanwhile, others are reporting the entire process taking less than a week! I do have my application number. Please advise if anyone has an answer on this.The EIDL is a loan of up to $2M, and applicants can request an advance on that loan of $1k per employee, up to $10k.
Since I have not signed my loan documents yet can I call and change it to the full amount without any issues.Definitely call Tier 2 and/or your lender and request the change.
In your post it states that the status can be checked on their site, but I can’t find a link to do this. Good luck!I applied last Tuesday , received my email last Thursday and have been calling since this Monday to see if it was sent . I’m in the same situation as you though, same low 3300 number and credit check on the 16th and applied on the 31st.same here.