EIDL Disaster Relief Loan update from SBA
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  1. #1
    Senior Member Reputation points: 81657
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    Quote Originally Posted by dealmakerCT View Post
    I still got merchants waiting for the money. What's the status if they didn't get it yet? If they didn't get it by now, is it never coming?

    The Treasury Department (SBA) has not released the funds - For merchants that have been waiting 60 days plus after being notified of approval-
    My suggestion is to contact their Senator by phone or email - In a short period of time they will receive a response requesting them to sign a
    "Consent Form" - then be patient for a few more weeks - but - it has been my experience they have been successful in having funds released.
    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

  2. #2
    Quote Originally Posted by Yankeeman07 View Post
    The Treasury Department (SBA) has not released the funds - For merchants that have been waiting 60 days plus after being notified of approval-
    My suggestion is to contact their Senator by phone or email - In a short period of time they will receive a response requesting them to sign a
    "Consent Form" - then be patient for a few more weeks - but - it has been my experience they have been successful in having funds released.
    Yea well at least this is something. It's better than me telling them that I don't have any idea what to do. I am going to try this.

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