Sba Loan Approved Reddit

When the sba released the eidl grant application they said the grant would be funded within three days of applying. On reddit u kitehigh911 said they applied on march 16 and received their full eidl funding yesterday.

Sba Eidl Approved Now What Smallbusiness

The payroll protection program ppp which is a forgivable loan is available via local banking institutions participating in the sba loan program.

Sba loan approved reddit. All users of this system must read and agree to the u s. There is recent precedence with the sba not meeting the pre defined funding window. I was advised that currently the sba is experiencing various issues with the portal including glitches surrounding loan docs only effecting those showing approved in portal.

I was advised that currently the sba is experiencing various issues with the portal including glitches surrounding loan docs only effecting those showing approved in portal. Simply forgivable loan if used for payroll etc. There is also an immediate 10 000 program available for any business affected by the virus regardless of the decision on the sba eidl loan.

But what about the full loan amount and not just the advance. Applied for the loan advance within another week though it was not called a loan advance at that time. In other words nothing happens your sba confirmation does not expire you still have your loan approved and you don t need to re apply.

Use lender match to find lenders that offer loans for your business. I was just approved by the sba for up to 350 000 at 3 75 360. Applied for eidl on 3 20 20.

They are pushing 20 30k approvals a day now and the system is getting backed up. Unauthorized use of this information system or use in excess of your approved authority is prohibited and may be subject to disciplinary action including criminal or civil penalties. Small business administration s sba gov rules of behavior document prior to accessing the system.

4 16 received the 1000 per employee advance on eidl loan 4 20 received email with link to review and accept loan with a minumum max. Start or expand your business with loans guaranteed by the small business administration. They are pushing 20 30k approvals a day now and the system is getting backed up.

However i m not trying to take out a loan with interest and payments. Did not apply for the ppp. They said the sba will call and.

I would absolutely accept a 10 000 forgivable loan but nothing indicates that this is 100 forgivable.

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