EIDL Disaster Relief Loan update from SBA
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  1. #1
    Senior Member Reputation points: 72961 Olderguy's Avatar
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    The SBA EIDL funds will last through March. The SBA can have a reason not to fund a loan even if approval is sent out. You should contact your clients local SBA office to determine status of situation if you have an approval but not funded.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  2. #2
    Senior Member Reputation points: 84416
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    The Local SBA Office does not have any info to provide you -

    Info Directly from SBA.gov

    Information for applicants
    To check the status of an existing application, you can log in to your COVID-19 EIDL applicant portal where you find information about your application status.
    https://covid19relief1.sba.gov/Accou...?ReturnUrl=%2f
    Questions? Call 1-833-853-5638 | TTY/TDD: 1-800-877-8339
    Monday - Saturday, 8 a.m. - 8 p.m. ET

    Best time to call is early evening - once you get past the initial gatekeeper and work your way up to a Supervisor and they tell you are approved but still "Pending" you hit a stone wall - then contact your State Senator - the squeaky wheel gets the grease -
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

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