[StealMyDeal]

I’ve had clients get amazing offers from EIDL but they started the first day and they won’t see funds for another month (both offered $500k over 30 years at 3.75% with ability to get up to $2,000,000). The 500k can be done in 4 weeks or they could opt for $2,000,000 in 7 weeks. One was extremely profitable, the other is slightly profitable (but after some revisions will probably file returns with small net losses in 2019). Because of that they’ll probably go with the $500K in 4 weeks. But that’s about it for the EIDL. Seen hundreds still waiting for response.

Hey West, if a business submits the EIDL application directly through the SBA website, who processes that loan application? The SBA itself? When and how is the business notified of the results or any updates? We submitted several last week and haven't seen anything yet.