Eidl increase funding timeline after approval. I went into recon until December.

Eidl increase funding timeline after approval Signed docs 4 times. It doesn't matter who they are. My timeline is as follows: April 6th- applied for increase for the first time via the email that was sent by the SBA on 4/6. Signed those suckers in less than 14 seconds. Go to EIDL r/EIDL • by [deleted] What is timeline after approval? Posted by u/danquiroz - 12 votes and 9 comments For the first increase I didn’t ask for the max amount and was able to get it albeit the same like most people, having it take basically 3 month for A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. Usually means your LO/LS has recommended your approval and sent you to the final review process. The increase was supposed to take me up to the full 6 months of the loan from last year. Which is done by an SLO(senior loan officer). Reply reply My timeline: Applied for EIDL loan increase April 23, 2021 Denied August , 2021 Applied for reconsideration within two days of denial (August 2021). Waiting til after day 10 to start beating the bushes. December 13, 2019: Filed Forms received by USCIS. I can’t imagine this would take “weeks” more to finalize. My first loan was $150K. SBA has all my accurate info and I was funded without issue last year. Emailed for increase: 04/06 Experian hard credit pull: 04/17 Email correspondence from LO: 04/19. However, if you already received EIDL funds for your Minnesota business, you can still do an increase request in 2022, or until the COVID EIDL funds run out. 7/10 – After reading about others here, I did not wait for decline letter. I answered no and he said he'll approve the loan. Does this mean I will be funded?? If so, what timelines can I expect? UPDATE: Funds hit bank today, August 8th. Not funded yet. EIDL Increase Serenity - A big thanks to all that have beaten the bushes, made calls and shared experiences with their EIDL increase requests. I had sent them an email yesterday asking when I should expect the funds to hit. Responded same day Same requests, Did you get approved & funded after providing documentation & if so how long did it take We received verbal approval on Monday 5/10 and crickets till we received a call from Sr. Typically 8-10 days after the deposit. 5/21 - verbal approval 5/22 - signed loan docs 5/27 - funded == Detailed timeline: Original EIDL - Funded: Got the original EIDL last year, funded in June. Deposit was 2-3 business days from approval for me and seems to have been for others as well, and the day after the approval email and funded status change. If approved, disbursements are typically made within a week. Got this back on 4/23 and it has been in this state since that time. Scan this QR code to download the app now. Couple of quick questions Scorpio. I didn’t see the email until after midnight or i would’ve been able to sign on 12/27. 'APPLICATION PROCESSING FUNDING' are all in RED. 12/14 funded. April 13 Several emails back and forth for standard documents to PDCRecons April 21, Blue Button discussion on r/EIDL went and requested funds April 22, Rec'd email related to blue button April 30, email from LO requesting same documentation sent via email 4/13 Just randomly opened my portal and saw "Approved" and my docs were ready to be signed. No funds in bank. Caweb changed to Disbursed Current in the afternoon on 3/8 Funds were in my account on 3/9 Such a stressful process. I called my bank and they said no such deposit from SBA came in. Chris has been writing about small business topics since 2003. 12/30 signed again. However, if you already received EIDL funds for your California business, you can still do an Here is my total timeline: 05/09: Targeted EIDL invitation received 05/10: Applied 05/20: IRS Tax form request received and submitted, all forms submitted same day 06/22: Called SBA to inquire, was told 4-6 weeks 06/23: Status changed to approved 06/23: FUNDED A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. April 9th- portal changed to loan modification processing They had the wrong amount, but for sake of time signed doc's and want to go back for the correct amount. Maybe this means the new rules of the LO being able They told me that my loan was approved and that the signature on the 4506-t was a formality and I should receive loan docs soon. Same exact timeline. I received the same answer from them every day ( your application is awaiting to be funded keep looking at your bank account or call us we are here from 8-8). 'Your loan modification has been approved' in GREEN BOX. Again, congrats to you and others who have been approved! I hope the funds go a long way towards financial recovery! Reply To ensure Main Street businesses have additional time to access these funds, the SBA implemented a 30-day exclusivity window of approving and disbursing funds for loans of $500,000 or less. After being approved, stuck in a funding glitch, I have just been told to submit a new application. He has been featured in Fox Business, ABC Approved last Monday and signed documents same day. Was approved on 7/29 and signed funding documents on 7/29. He has been featured in Fox Business, ABC Verified identity in portal. On May 21st portal asked me to accept a new loan amount which I did and then a few hours later the portal updated to loan approved and I signed closing docs. Timeline: Original EIDL loan application: 4-2-20 Original EIDL loan approved: 5-17-20 Original EIDL loan disbursed ($150K): 6-3-20 EIDL loan modification application: 4-12-21 Blue button/4506-T submission: 4-23-21 Seems like once the LO received the requested documents, they approved your EIDL. But today finally and fully funded 08/24/21. By 2pm, loan amount approved! Turnaround time 184 days. 37 but no funding But then I had the approval and waiting for funds in my account week that felt like a year! 😩😆 So, I received approval email 7/6. Posted by u/lorichalfin1 - 18 votes and 30 comments Jan 2021 - funded Feb - requested increase March - funded April 7 - requested increase based on new guidelines (had to do this via email) This is where it turned into a total shit show. If you are waiting on approval for a loan under $500,000 and an increase to over $500,000, the timeline is closer to nine weeks. Never spoke to LO UPDATE: Funded today, 8-25! As long as it took, the approval process couldn't have been easier. If it takes over a few days after you've been approved, it's been returned. Expand user menu Open settings menu. SBA EIDL Funding Timeline: What To Expect During Application, Approval, & Processing Find out how long it takes to go from application to funding as well as what the recent changes to the EIDL's deferment policy are. The nightmare is finally over. When were you approve? From Recon to Approval to Funding in about 5 weeks-see FULL timeline of my EIDL Increase journey No increase or recon prior to April 6 4/7/21: received email to apply for increase. I haven't heard of anyone being audited after going to funding. rumor is that they’re collecting and uploading all these docs to the files and will begin The approval email typically comes once it says funded, then the funds come the next day. Been waiting since September 15th. There’s multiple moderators in here and many people who are watching. Not sure why it's taking longer to get monies this go around. Can anyone give me an idea of what the timeline looks like from this point forward? TIA UPDATE: Was just approved earlier today (14 days after applying). A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. They have literally every document under the sun from me. APPROVED! upvotes Approved for increase after verbal denial and locked SBA EIDL Funding Timeline: What To Expect During Application, Approval, & Processing Find out how long it takes to go from application to funding as well as what the recent changes to the EIDL's deferment policy are. I had asked for less than what I was approved for the increase. Did the portal change to funded or did it just stay at approved and the money just got deposited? I am just trying to get an idea of when to expect it. I also didn't reach out to the SBA to This community is for amended/ non filer applicants, stamped returns, approved but never funded, bank error, anybody who applied for SBA EIDL PROGRAM. My timeline was 5/8 accepted portal, 5/12 approved after LO call and saying denied for two days, 5/13 docs appeared and signed, disbursed in However, if you already received EIDL funds for your Maine business, you can still do an increase request in 2022, or until the COVID EIDL funds run out. In summary this was a nightmare. and EIDL increase requests. TIMELINE 4/6 INVITATION 5/15 BLUE BUTTON/SLIDER (Slid to 200K); 4506-T 8/6 APPROVAL EMAIL/SIGNED DOCS/PORTAL INDICATES FUNDING We were approved for max 500K. Here is a timeline from what I recall. Did the bank questions a month ago and updated the information in the portal as well. Timeline: 7/20 Original 4/7 increase email 4/23 BB 7/12 black transcripts arrived 7/12 Denied - unverifiable info but the rep SBA EIDL Funding Timeline: What To Expect During Application, Approval, & Processing Find out how long it takes to go from application to funding as well as what the recent changes to the EIDL's deferment policy are. I initially did the email request to increase April 6. Loan status “dispersed current” I called the SBA rep and she advised me that my loan docs are still In the processing stage and not funding stage ! she cant tell me when I will fund but I need to continue to be patient 😡and keep checking my bank account ! Was approved (finally) on August 17th. You probably should start emailing and asking questions. For example your 2019 annual business income is $100,000. If it weren’t for this thread I would have given up hope months ago. If theyre asking you to upload a voided check, in my case, it meant I was getting closer to approval (for me it was about 10 days), funding (about 3 to 5 days after approval), and then deposited funds (3 to 5 days after funding). After 3 months of waiting after I requested the increase today I have received the approval. 41 since 8/2( the first time i checked caweb after approval) went up to $51. Approved 7/19, CAWeb went to zero undisbursed on Saturday, so I am assuming I will be funded tomorrow. Checking my bank account online several times a day as well. Looking on Caweb it shows full loan ($143,700 with the increase) as Disbursed current. Reply Its62andsunny Just applied for my first increase today. There's obviously no way they can process x million applications manually. I was approved 7/29 and no funding yet either. I estimate that I responded to/corresponded with at least 6 different case managers and two loan officers through the entire process since April 2021 when we requested an EIDL loan increase via the email the SBA sent to us inviting us to do so. Timeline please? Reply reply EIDL increase approved! upvotes Posted by u/Octoberbaby85 - 4 votes and 15 comments Funded May 2020 for original EIDL, did not apply for recon, DID apply for increase after invite received on the 6th, applied for and received Targeted advance in April of 2021 (applied on the 9th, funded on the 21st), blue button received on the 22nd, clicked and went through that process that evening, portal now says "loan modification is from what i’m seeing and heard - anyone that had requested an increase prior to the 6th of April are being processed since those files typically already have the necessary documents. Then it’ll be disbursed. I own a consulting company and would love to leverage the network I've built along the way, to help other Biz owners access funding. If you have questions about your With the deadline looming this week for SBA EIDL loan increase requests and loan modification submissions, approval decisions may come in a matter of days, with loan funds 07/02- ***FINAL UPDATE*** My loan increase was approved today and I signed Docs, waiting for funding now. By doing an increase request filing, or a recon appeal to overcome being denied previously Timeline 5/3 they received my increase request 7/12 they requested hazard insurance We have reviewed your request for an EIDL loan increase of the above referenced disaster loan application. Ive gotten the TA/SA. Timeline: April 6, 2021 email increase. Signed docs and begun to obsess over caweb, sba portal and my bank account about three days later. There are a lot of people with amended returns. Posted by u/leggingsaddict84 - 49 votes and 45 comments Posted by u/bushdog14 - 4 votes and 48 comments They will need to adjust it somehow on their back end or like you said resign docs with new dates as previously my daily interest was $15. 12/9 singed. Signed the docs and tax transcript request To explain how long it takes to obtain SBA EIDL funding, here are the various segments of the process (application, approval, processing, and deposit) and what you should expect. Or check it out in the app stores Home; Popular This was actually weird. LO on Saturday 5/22. Anyone have approximate timeline to funding for these from that point? A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. There is obviously some Thought I’d share my timeline from the date my paperwork was received and the day I received approval notice. I have called SBA numerous times and all they say is to wait. But my bank said nothing pending and all info. Wow congratulations I'm still waiting on my funds to be redisbursed to my new banking information. Timeline 4-7 - Applied for the increase by email 4-23 - Slider 5-11 loan officer called and requested: Front of Driver license, Board Resolution, Hazard Insurance. most of the people that requested after the 6th are missing documents, hence all the doc request emails. Approval and disbursement of loans over $500,000 began after the 30-day period ended. They approved an additional $270k in EIDL loan to me. My portal didn't change from "approved" to "funding" like it did last time. I was surprised to hear that. I have been checking my portal several times a day to see if the status changes to funded. My second increase was taking to long ,so I knew something happened. If your Massachusetts business had been declined, you can still go through the reconsideration process within 6 months after the date of the decline letter to request reconsideration However, if you already received EIDL funds for your Pennsylvania business, you can still do an increase request in 2022, or until the COVID EIDL funds run out. I'll just keep applying and sending letters and emails until I get approved. and they suggested to go ahead and accept the offer so that we don't lose it (since they don't know how long it will take for the funds to be approved to get deposited) while we work on switching the A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. I got approved today after speaking to my LO. EIDL Increase funded today!! Feb 3 2022. Posted by u/Equal-Recording1406 - 1 vote and 5 comments A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. If your South Carolina business had been declined, you can still go through the reconsideration process within 6 months after the date of the decline letter to request reconsideration This community is for amended/ non filer applicants, stamped returns, approved but never funded, bank error, anybody who applied for SBA EIDL PROGRAM. Made my request for additional funding offered and submitted (again) documentation for approval. My application was severely delayed due to the SBA requesting my personal California SBA EIDL Loan Increase Timeline. 2 days to change from approved to funded , and the money was in the account the right next day after change to funded Can you please mention your timeline 02/25/21 applied for the eidl increase and the advanced, advanced took three days to be in the account after being approved and the eidl increase loan I just got approved today, both I've included my timeline, insane journey, and contact information. My only advice is to be proactive by keep calling SBA until you have answers and to contact your local Congressman. Responded to initial email with on 4/7 email requesting funds. Do you have any information for the time of day we should expect to be funded? I'm on the same timeline as nets860. If your California business had been declined, you can still go through the reconsideration process within 6 months after the date of the decline letter to request reconsideration, even A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. I communicated with all the emails disaster, banking, eidl, etc. Therefore, I was pleasantly surprised to receive the SBA email confirming the approval of my loan increase request. I received my first loan and increase may be 3 days after approval. Posted by u/shetrains - 8 votes and 24 comments 877-431-2063 is tier two support for Eidl Increase Support. Log In / Sign Up Once caweb shows $0 its in your account, unless its was rejected. Totally stuck. It's nerve wracking to wait, especially when timeline a little longer than most people who have already received funds. I will update this timeline with my funding date when it happens. I provided to SBA to ensure a successful Can’t tell you how many posts I have read concerning the “verbal approval”you are home free of loan under $500K and you get the golden ticket approval email. Hopefully, this provides some insight/hope for those still waiting. Expansion of Eligible Use of Funds. If you have excellent credit, consider other SBA loans applied on 4/22 and received the email yesterday with funding approval. However, be aware that the EIDL approval timeline can vary base Request an increase. "The SBA issues a last chance for companies to receive COVID related EIDL funds. I was already in the queue, however, for an EIDL loan increase. But if you wait for it then typically the next approval happens very fast - for some even within hours. definitely email and control local 08/09 5:47AM (Sunday) Approval Email 08/09 8AM E-signed docs Waiting for funds should get Tuesday 08/11 or with in 5 business days. New comments cannot be posted and votes cannot be cast. I’m on the same timeline as everyone else so I’ll cut it short. 🙏 Targeted Advance Timline. Targeted Advance was denied as they were not able to verify banking information. Then if you’re approved, it could be an hour or a few days for closing docs. We needed to show we have insurance, my renter's insurance was sufficient, and not everyone will require a loan officer; loans may be funded without them. If you have been approved and funded in the last week or two, can you comment on your timeframe from signing closing docs to funds hitting your account, trying to get some data/see a current average of this process. Here is my timeline; April 8th- Replied to the email for the EIDL loan increase Congrats! We were approved after recon on 2/2 and signed same day. HAS ANYONE ever being able to go back and correct original an incorrect amount of gross revenue made (from confusion, panic & typos) on the original EIDL contract that includes overstating revenue by 122 percent--a real mistake as the numbers at literally $4564564 --- plus the platform in 2020 kept freezing up and defaulting -- everything else matches- and my 2019 I completed all the EIDL increase steps as soon as they opened the limit in early April ($150K to $500K). Thank you, and good luck to all. EIDL increase approved! 500k . After daily calls and emails to see when i was going to be funded. 8 billion in EIDL funding. Hang in there and good luck to everyone! Timeline: EDIT more info: call from LO came from 800-366-6303, number I was given to contact my LO was 817-868-2300 with a I was approved on 7/2 signed docs the same day portal says “funding “ CAWEB updated with new loan amount. Now waiting for funding. After 50k increase funds, we will request additional funds. We are in receipt of the requested A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. I've decided to take the rest but how long before the EIDL INCREASE APPROVED: 5/15 BB . However, if you already received EIDL funds for your Massachusetts business, you can still do an increase request in 2022, or until the COVID EIDL funds run out. Approved and signed increase docs on 6/16. COVID EIDL funds are now eligible From what I've heard when tier 2 says you're approved and if you haven't gotten an 'EIDL Approval' email or closing docs to sign yet. But I called today, probably for the 25th time and the agent said my transcripts weee received just an hour ago. If anybody would like to donate to my go fund me please,Reply to my post. Our weekly YouTube survey's reveal this — our latest from 2 days ago show's only 16% report having had their increase approved. We were approved and signed docs on 11/10/21 and just received funds late last night. First contact to approved and funded within an hour! reconsideration issues for declined loan applicants, and EIDL increase requests. (Not a great benchmark number, IMO) 10/13/2021 - Funds hit bank. I received a call from a loan officer in early May. as early as April that a change had been made but never received a A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. I was one of the very first applicants in March when you had to upload printed docs into Dropbox. Make sure your bank info is flawless now. SO TO REITERATEGOT REQUEST FOR INCREASE ON OR AROUND 04/10/2021 . 11/06 Received an email at 1:13am that my application was approved and to sign docs. Hopefully funds should land by Monday 6/7 F*ck that was stressful. Called in they said they tried to fund but was returned. You will need to email SBA and call them to put correct business banking. 12/22 blue button. At that point it would go to funding dept. Posted by u/triviamistress - 14 votes and 16 comments Received the same email as above 9/6. Here are some current approval numbers, stories, and timeline clarification. , I was approved just a couple days ago and was wondering if there was a portal change for funding. March 2020: Applied for original EIDL May 2020: After repeated calls to the CSR I found out that the day after we applied a new 3501 was issued and we should have received an email to reapply with the new form. It is heartbreaking to hear people wait months, then finally get approved and have the funds sent back! Sending you positive vibes! 👍🏼 You're in better shape than me. -signed docs. An SBA Loan Officer Reviews EIDL Loan Increase Applications. and SBA said after I send in the information to be updated, it could take awhile. Hope this helps. Received 1st round of EIDL in June of last year and was one of the early applicants who used the long form. Everything was done electronically and I was approved and funded. Approved for EIDL - Two weeks after Loan Office Contact - No credit check - No Hazard Insurance . Hope this phone number helps! Original loan 4/20 First increase request 4/21 Approved & funded 6/21 Less than 500K I almost feel guilty that this process has seemed so seamless Posted by u/Playful-Health-6934 - 2 votes and 29 comments However, if you already received EIDL funds for your California business, you can still do an increase request in 2022, or until the COVID EIDL funds run out. Regardless, I'm set. But then all of a sudden 2 or 3 days ago an SBA rep calls me and says I was approved for up to 24 months. If you have been approved and sent the funds to your personal account 9 times out of 10 the bank will send the funds back to SBA. Make sure to monitor your email for any information from @sba. I wanted to cry tears of joy because I had been praying for this and waiting so long. By the time you get approved and funded, you might have lost a lot. I had Original EIDL loan accepted: 07/2020 Increase request (original loan was not 6 months cap): 03/05/2021 Correspondence and approval for said request: 03/22/2021 Funded for increase 2 days later. If your Minnesota business had been declined, you can still go through the reconsideration process within 6 months after the date of the decline letter to request reconsideration, even if Timeline for EIDL Funding. The contract shows the exact number that I had asked for BUT, caweb shows an increase - minus my original loan = Total After I got the initial approval everything moved lightning fast. Some people, takes hours. Sorry if I thought the question was from the Targeted but if you meant the increase I was funded about 2 weeks ago but my increase was already being processed when the rules changed so my case was not normal regarding that application, still I have a 2nd EIDL Loan Increase Request that I submitted 4/6 and was called about 3 days ago and UPDATE: Funds deposited into my account at 4am 4/6/21 —————— Here is the timeline for my EIDL/"Targeted Advance" timeline. I am an April 7 Invite. Crazy I waited 45 days to get funds last year on first loan to get funded after approval on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase Approved for 350,300 waiting for funds to hit my account. I didn’t have to accept the offer amount a second time. Less than 4 hours later at about 2:30p, I received my approval email! I then cried tears of joy! Now just waiting on funding. No waiting, instant answers. So, don't fear not being contacted by anyone, they are not necessary. Nonprofit, community-based lenders work with the SBA to provide small businesses with funds to repair, renovate, or expand their operation Worth up to $50,000, but average amount is $13,000 You can use the SBA’s Lender Match portal to get started on Caweb shows first EIDL disbursed and new mod increase amount as undisbursed It seems most people who haven't been funded after bring approved were those in a glitch where they're pumping out auto approvals then goes to final stage and transcripts are in ect. And I'm guessing since your portal hasn't updated yet. Log in to the online portal for businesses that the SBA Since that announcement in March, we've been tracking EIDL loan increases on a weekly basis, including step-by-step guides to requesting an EIDL loan increase, if you should consider an increase, and the programs favorite Whoever applied for increase before 04/06 are seeing movement/funding in the last few days. After waiting for almost 3 months like many of you I have finally been approved. Obscenity. After reconsideration I was finally funded for my EIDL loan modification today! Don’t give up hope. EIDL Approved /Your funding timeline? No increase or recon prior to April 6 04/07 - Requested by E-mail 04/21 - Requested by Blue Button 05/07 - Inital Loan Specialist (LS) Communication (Requested Docs) 05/10 - LS advised she was recommending approval 05/11 - LS advised approved, verified checking 05/13 - LS advised eligible amount higher. Approved and signed docs 5 days ago. Use r/TargetedEIDL for advance/grant issues. Submitted all the paperwork, signed, and got the status message "your loan modification application is being processed". Your original EIDL is $40,000. 6/1 received email from SBA EIDL modification was approved 6/1 at same time as approval email, docs were in portal, signed. Thanks! I still hope those of us waiting aren't left out. I got approved about 2 or 3 days ago Got a phone call. Ive been told my max amt i cn Funds were sent back end of August. check CAWEB and new amount shown 3 weeks from LO reach out to signing docs. Zero rhyme or reason to this shit, complete disorganization. -June, first portal update. I've already sent an email to A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. Archived post. She said I was only eligible for an increase amount of 30K after my original was approved for 36K. In the past, the estimated timeline for approval was three to five weeks for loan request amounts under $500,000, and six to eight weeks for loan amounts over $500,000. No previous recon or request for increase. After I received the approval email (12/27) i signed the loan docs on (12/28). Before that would have needed to go through several different LO's, managers at the SBA to get approval. Hi, congratulations! we have also been approved, but we have to change our bank account info. In this first example, the business owner received an email from the SBA loan officer – and was approved for an EIDL increase from $500K to $1,065,000. He said it was required to ask. BB ON 04/22/2021. Basically, if they ask for something, give it . If your Pennsylvania business had been declined, you can still go through the reconsideration process within 6 months after the date of the decline letter to request reconsideration The woman who denied me didn't even know I got the initial loan of 23K. upvotes My PSLF Timeline 10/8/2021 - Received automated email around 10am telling me to go in and confirm my loan amount. If you’re having problems with you’re 2019 tax transcripts, take your 1040 to your local Irs office and file and have them to stamp it received and the SBA wil accept that in lieu of you transcripts. I have seen so many approvals after that date being funded. Docs email arrived about 30 minuets after the call. If you were approved, obligated, and didn’t get your funding, I strongly suggest you make a post and let’s discuss this. Hopeful it will be Monday the 7th. If your Maine business had been declined, you can still go through the reconsideration process within 6 months after the date of the decline letter to request reconsideration, even if it is I was finally approved via Recon and funded last week but I qualified for more than I took. gov Just saw this UPDATE. Literally crying my face off. However, if you already received EIDL funds for your South Carolina business, you can still do an increase request in 2022, or until the COVID EIDL funds run out. Just signed the documents. Other than this EIDL loan increase approval email from SBA, not once did the SBA contact me after I applied for the EIDL loan increase. Received loan docs and approval email on Saturday morning 3/5 and signed right away. At first she said she was denying me, but I convinced her to review my file which she did and ultimately she pushed mr through to getting approved. What's next? Days or weeks or another black hole? Coins. Loan officer said it was approved in the 9/26 and to monitor my emails for loan documents. Docusigned a 4506-T. . We never got the blue button. - 6/22: Submitted Application -6/24: Portal Invite "Disaster Loan Ready For Next Step" Verified identity, confirmed loan amount A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. Posted by u/ElasticBooger - 2 votes and 17 comments A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. My portal for the EIDL Increase has been stuck on the original amount, no slide, no submit. Was emailed this morning 'Your SBA Economic Injury Disaster Loan Modification is Approved' and I signed new docs. You still have a number of fundraising options at your disposal. Portal had reverted to original amount. I emailed and called 2-3 times a week until October when I filed a congressional inquiry. Have an active status in Caweb. Original 150k loan modified to 500k. Members Online. Cash app sent it back the second time. Portal says approved. Checking, checking, checking! I was REALLY sure I would have been funded Monday. The funds hit today - exactly 7 days (5 business days) after approval. Last year it was 3-5 days after loan approved, But from reading other posts, max of two weeks from loan approval date to EIDL LOAN INCREASE GOT FUNDED TODAY . Only trying to raise 4000 for past due rent and other bills. For new California EIDL applications, the deadline expired on December 31, 2021. I went into recon until December. Approval; After your SBA approval is granted, you may need to wait for time, typically around 21 days. Tier II just keeps saying "it takes a few days" and can't give me an estimate. Still waiting on funds. As of this article publish date, the majority of small business owners who've applied for an EIDL loan increase still have not received one. It shows up if you haven’t already accepted your max eligible, and happens when the loan portal updates to say “funded” instead of “approved”. EIDL Increase funded just now! From Recon to Approval to Funding in about 5 I accepted offer in July. He has been featured in Fox Business, ABC App 3301499XXX 3/31 - Applied 4/18 - Credit pulled 4/28 - $1k advance 5/25 - Invite to portal 5/25 - Confirmed all in portal and status at "your The SBA has approved over $321. Just waiting funding now. I supplied everything and he “recommended approval” on May 5th. Note EIDL grants were included in the Economic Aid Act passed December 27, 2020 and the American Rescue Plan passed March 27, 2021. After applying for an EIDL, most applicants will receive a funding decision within 21 days. When they begin, this business owner's payments will A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. I log in, accepted the increase amount, signed another 4506T that was in the portal and signed one other loan doc. I never received an auto-reply. 24 votes, 45 comments. You apply for EIDL Increase and your LO says you qualify for $200,000 loan modification. Received application email on My Loan modification just got APPROVED after DECLINE! For everyone’s benefit, here is my timeline and steps taken: 4/24 – applied for loan increase / modification 7/7-8 – Loan amount on portal reverted to original loan amount with no explanation. 0 coins. He asked for various pieces of information (ID, insurance, LLC meeting notice, etc. My 2020 timeline was seamless, approved after 10 days processing, signed docs, funded 2 days later! 2020 was a different time, of course. My CAWEB doesn't even show my increase amount. He said everything was good and he was going to Approve it and next steps were for a SLO to review it then sign loan docs. Read more about EIDL grants here. Many anxious business owners need to know how long does getting an EIDL loan take, so let’s start there. Don’t fear if you’re not able to qualify for an EIDL loan or an EIDL loan increase. He asked if any partner of the company or the company has/had/will fill(ed) bankruptcy. By then, my banking information had changed due to fraud and a new account was made. Hang in there everyone. I've spoken to a Lawyer and lo, since you and I communicated on Reddit @Scorpio! Went into processing almost a week ago! 🤞🏼. ). I emailed a politician's office September 20, 2021 Only then will the LO change your portal and you will see a change in the EIDL loan amount and you have to manually accept it in the SBA portal. I won’t feel 100% until I see the funds. gszitesb dkoxmuq yeifen wkbkv wvxq coswgb kdpyb pfgc yonyb hzrhz