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  1. #1
    Senior Member Reputation points: 5633
    Join Date
    Mar 2019
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    105

    Quote Originally Posted by Sachip24 View Post
    doesn't get any simpler than a SBA EIDL loan. money will be in her account in 3-4 days for the 150k she needs.
    I have no experience with the EIDL, but constantly hearing merchants talk about how they qualified for an increase on the EIDL under the new 500k maximum guidelines. Is the SBA throwing money around willy nilly on that or just mismanaged expectations by whomever they are dealing with?

    Is that process also moving quickly on the increase EIDL?

  2. #2
    Senior Member Reputation points: 203690
    Join Date
    Jan 2014
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    Quote Originally Posted by ryanh View Post
    I have no experience with the EIDL, but constantly hearing merchants talk about how they qualified for an increase on the EIDL under the new 500k maximum guidelines. Is the SBA throwing money around willy nilly on that or just mismanaged expectations by whomever they are dealing with?

    Is that process also moving quickly on the increase EIDL?
    yup throwing money around. they get an email with steps to take for the increase, they send in the documents go back in their portal hit accept once approved and done.

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