Any Brokers receive the EIDL loan ?
Printable View
Any Brokers receive the EIDL loan ?
i got denied but received the grant.
got the loan funded this week for EIDL
Received EIDL last week and PPP last month
We received both through wells fargo. But we have been banking with them for years. Submitted as business consulting services
EIDL is a direct application - takes about 5/10 minutes
https://covid19relief.sba.gov/#/
Sole Prop = SSN
Business Entity = EIN - "Applicant is a business with not more than 500 employees.
PPP - Utilize your bank (if lobbies are closed) make an appointment
or - they are alternative resources to apply SBA such as Community Banks, Square, etc.
We applied with Chase and Lendio. Lendio moved quicker than Chase did and we received the funding through Ready Capital. I was literally laughing when I found out that the underwriters from Knight (since Ready owns them), were participating in the underwriting for PPP loan applications
Business Services.
EIDL was a very simple process directly on SBA website
- 10 minute application
- No payments for 12 months
- 3.75% for 30 years
- Funded 48 hours from completed docusign
GOD BLESS AMERICA