[MCA]

https://covid19relief.sba.gov/#/

This above link went live last night -
It went dark late Friday -

Hi Dave,

Have you heard anymore about what is happening with EIDL applications? I have heard from so many that applied online via SBA site and they were suppose to get a $10k advance within 3 days, then get their loan on top of that, none have been contacted since applying, some 5 days +.

People call the SBA and they tell them they don't, seems like the EIDL product is even worse shape than the PPP product

[Michael Slabitcher]

Hi Dave,

Have you heard anymore about what is happening with EIDL applications? I have heard from so many that applied online via SBA site and they were suppose to get a $10k advance within 3 days, then get their loan on top of that, none have been contacted since applying, some 5 days +.

People call the SBA and they tell them they don't, seems like the EIDL product is even worse shape than the PPP product

It takes 3 days for the $10,000 advance to be funded after approval.

The problem is nobody knows the time-frame for approvals.

[WestCoastFunding]

Hi Dave,

Have you heard anymore about what is happening with EIDL applications? I have heard from so many that applied online via SBA site and they were suppose to get a $10k advance within 3 days, then get their loan on top of that, none have been contacted since applying, some 5 days +.

People call the SBA and they tell them they don't, seems like the EIDL product is even worse shape than the PPP product

There are 140 loan officers/underwriters (whatever you want to call them) working the EIDL.

[Yankeeman07]

Hi Dave,

Have you heard anymore about what is happening with EIDL applications? I have heard from so many that applied online via SBA site and they were suppose to get a $10k advance within 3 days, then get their loan on top of that, none have been contacted since applying, some 5 days +.


People call the SBA and they tell them they don't, seems like the EIDL product is even worse shape than the PPP product

I can only rely on my own experience - I completed my own EIDL on Monday 03-30-2020 - other than an automated reply with my application number - you will be notified via email for any additional information - as of today 04-04-2020 - no further contact.

On the PPP application - Self Employed have been delayed until April 10, 2020

[WestCoastFunding]

I can only rely on my own experience - I completed my own EIDL on Monday 03-30-2020 - other than an automated reply with my application number - you will be notified via email for any additional information - as of today 04-04-2020 - no further contact.

On the PPP application - Self Employed have been delayed until April 10, 2020

I like messing with you, Dave, but you’ve provided some good stuff over the past few weeks on this.