... SBA account portal still states Loan Application is being processed. To ensure that the greatest number of applicants can receive assistance during this challenging time, the amount of your Advance will be determined by the number of your pre-disaster (i.e., as of January 31, 2020) employees. This is very encouraging and I sure hope this goes through!! This loan provides economic relief to small businesses and nonprofit organizations that are currently experiencing a temporary loss of revenue. No portal invite or deposit though. The change in the Economic Injury Disaster Loan program, or EIDL, was made by the U.S. Small Business Administration after it received more than 5 million loan … FAQ 15 appears to deal a possible browser issue. Type the amount in the Amount box and press Save and close. Then 6 hours later I got the "Create your SBA Economic Injury Disaster Loan Portal Account" email. Enter a name for the item, then in the Category drop-down, pick the correct expense category. Is there a way to create an account without SBA emailing you? In fact, in all of 2019 the SBA only guaranteed $28 billion worth of loans. These documents are required for processing and EIDL application. Still, no money deposited but these messages are very encouraging. Please login to your SBA Economic Injury Disaster Loan Portal account to complete the next steps within the next 30 days. The EIDL was designed to help during times of economic... View Article All users of this system must read and agree to the U.S. Small Business Administration's SBA.gov Rules of Behavior document prior to accessing the system. Got first vague email about 17 hours ago. Login - SBA Economic Injury Disaster Loan Portal Application. Second question. So if I hire I am good? save. The timelines are being shared on the subreddit called SmallBusiness. I called SBA four times and waited around 45 minutes each time, but every time someone picks up they state they can't hear me and hang up. On March 29, 2020, following the passage of the CARES Act, the SBA provided small business owners and non-profits impacted by COVID-19 with the opportunity to obtain up to a $10,000 Advance on their Economic Injury Disaster Loan (EIDL). SBA confirmed per notes on my app it was approved on 4/15 at 12:07pm. Log in to your portal and click on the blue box in the top right hand corner to switch/change business and you should be able to see your other company/App there. Username or email. The SBA provides low-interest disaster loans to help businesses and homeowners recover from declared disasters. Apply online for an SBA disaster assistance loan. Disaster Loan Application Portal. No advance, no warning, nothing. The Advance will provide $1,000 per employee up to a maximum of $10,000. Your SBA Application No. Answer: SBA economic injury disaster loan funds cannot be used to refinance pre-existing debt. SBA rep said look for EIDL funds to be deposited. But, I had applied for the 10K forgivable one. I qualify for up to 26,500. ditto. Haven't heard a single word for almost 3 weeks. Lift your spirits with funny jokes, trending memes, entertaining gifs, … After the national disaster was declared in March, funds became available to help small businesses impacted by the pandemic. Password. I’m sure it’s just a matter of time until we see the email to sign up for the portal. Thanks for the two responses thus far, but when I click the blue box/name at the top right corner it gives me the option to manage my account or logout. You already have an account. I got the first one as well yesterday, then just 5 minutes ago got the same email again lol. hide. covid19relief1.sba.gov/ 4 comments. 1. 500 employees is a large business.. Small business is 10 employees or less... My definition of small business is 4 employees or less.. Did you already fill out the long App? Now you'll be able to pay your employees and track your loan expenses. The SBA recently began accepting new applications for its Economic Injury Disaster Loan from all qualified small businesses and U.S. agricultural … The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. These are the ones really hurting... New comments cannot be posted and votes cannot be cast, More posts from the smallbusiness community, Questions and answers about starting, owning, and growing a small business, Looks like you're using new Reddit on an old browser. Loan amount up to $26,500 (See screenshots below) I am working on how to upload the screenshot image). At this point from seeing all these posts I guess we got denied but did receive the advance. Close. Same, got the first email at 9:37pm yesterday. A faster, easier qualification process for states seeking SBA disast… The Economic Injury Disaster Loan program through the SBA is a long-standing program intended to help businesses hurt by tornados or wildfires. I got the first email but never got the portal email. Great news! Here is the Screen Shot: https://imgur.com/a/xTRUbhB. The SBA doesn’t attest to the accuracy of information provided by third-parties and other linked sites. 17 3xxxxxxxx has been approved. So, I have been approved for the amount requested, which is less than 30K. I got the $1,00/employee email yesterday, got my $2,000 today but never received an invite to the loan portal. This presentation will provide guidance on how to complete an Electronic Business Application utilizing SBA Form 5 and SBA Form 5C. They become available once a county or state gets an Economic Injury Disaster Loan assistance declaration also issued by the SBA. 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