Anticipating your replies and help, most especially from Gerri Detweiler. Depending on how you check your loan status, you may need to provide verifying information (for example, if you check your loan status through the SBA portal, youll need your username and passwordwhile if you reach out for your application status via email, youll need to provide your full legal name, application number, and potentially additional verifying information, like your federal tax ID).. We do, and it gives us false hope and sleepless nights of our torture. Can I pay my mortgage? Thanks for any help, Gerri, you seem to know more than anyone about this including SBA Employeess. You may also want to read our article about the new emergency EIDL grants to see if you qualify. Chris, I have not seen guidance on that topic. Paying down (including regular installment payments) or paying off loans provided, or owned by another Federal agency (including SBA) or a Small Business Investment Company licensed under the Small Business Investment Act. The call center is currently open MondaySunday, 8a.m. I did get the PPP program and got funded, it states within last 7 years you are disqualified. I am a sole proprietor real estate agent with no employees other than myself. I dont take payroll as they are just deposited in my normal everyday account and used to pay household bills. No. Youll need to reach out directly to the SBA though. If i have recieved a loan offer..will i still recieve the Eidl grant if i decline the loan?? Do I have to put net of advance? You can pay it off early and it is our understanding that interest only accrues on the unpaid balance. The SBA estimates that it will take around 21 days to process your case. Again, wait for communications from the SBA, and dont forget to check your business bank account. Does that mean none of the ppp will be forgiven? You should double-check with the service provider/financial institution directly as well as obtain independent financial advice prior to making any financial commitments or business decisions. The system rejects it. How will the SBA contact us moving forward? So as long as thats the case you should be able to apply based on 2020 information. Make sure to have any additional questions ready if you call or email, so you can get the answers you need more efficiently. Expected the amount to be deposited within 3 days. If your loan was approved, the email will have next steps on how to sign your loan documents and receive your funds. You can pay off the loan early without a penalty. The rejection letter does not say if I need to reapply later? Usually its due to credit. I am now in need of using some of the funds (they are so far sitting in their own account and nothing done with them yet). It may include available home equity. If you plan to get both, though, please discuss this with your SBA case manager and your tax professional. But first ill like to look over it . This month of August 2021 I received EIDL loan increase approval and my paperwork to sign is still under my name Sole proprietor. I received sba eidl loan today. Her articles have been widely syndicated on sites such as MSN, Forbes, and MarketWatch. q,g=e|ipx dy[j\FE/ 30 On the other hand, though, you may be stuck waiting on hold, as other business owners are also inquiring about the EIDL program and loan statuses. SBA also provides eligible small businesses and nonprofit organizations with working capital to help overcome the economic injury of a . Does anyone know what kind of credit score they require? Can I apply again for another loan because my business is still being impacted? Every single application is treated differently. More information here. The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation. I need to plan about employees, healthcare and more on if I can afford to continue paying for these things, if I dont get the other loans I have to reconsider how to move forward. Youd have to ask SBA that question. I am a traveling expo/convention seller. In addition to the guidelines above you may not qualify if: Its recommended that you lift a credit freeze before you apply. How come they didnt mention anything about the grant. Will they deny a person for a repossession on their credit? Now I realize that I could use the other$4000 as a loan. Maybe you are thinking of PPP. Is the EIDL loan assumable, to your knowledge? Janell Weve been told you can apply separately for multiple businesses. The SBA's new increased loan limits for the COVID-19 Economic Injury Disaster Loan (EIDL) program are now in effect. You are suppose to receive the grant money. Im an actor and was very interested in the grant. Can you still apply for a disaster relief loan.?. what happen if my account number is incorrect and my sba application is in already in process waiting to be approved . In the tail end of a Refinance. Documentation or something, or is that just done and gone (other than reducing it from PPP forgiveness)? Note that you will not ask for a specific loan amount on the application. Hi, thanks for your explanations. If funds were already disbursed you have to talk to them about paying it back. Im wondering, did you receive the funds? I dont know whether that information will be shared with the IRS Scott, but regardless youll want to try to get caught up. Will the EIDL amount be added to the debt to income ratio when I go to qualify for a mortgage loan? He says, You are only charged interest on the outstanding balance. That seems to match the loan terms you mentioned. To get these advance funds, first apply for a COVID-19 Economic Injury Disaster Loan (we'll cover that below). Luiza Youll need to ask the SBA how to pay it back. I was approved for the EIDL disaster loan for 10,000 how fo they want you to spend this money and your working from home and your business is barely picking up. (a) If SBA denies your loan application, SBA will notify you in writing and set forth the specific reasons for the denial. Reviews Disclosure: The responses below are not provided or commissioned by the credit card, financing and service companies that appear on this site. Product & company names, logos, and trademarks referred to on this site belong to their respective owners. I was told i can ask for less but not told how to ask or request a decrease in approved funds. Can I apply for the payroll tax credit having received the $4K grant? We dont have specific guidelines from the SBA in terms of what will result in a successful reconsideration. Yes if you normally pay yourself you may continue to do that. If a business loan is received from SBA and the business ownership is amended and transferred to my partner in the future due to unforeseen circumstances, will the business loan transfer to the sole owner? at 554, as well as non-Title VII cases such as New York v. If I did the advanced ? I was approved for EIDL but havent been funded yet. After applying for an EIDL, most applicants will receive a funding decision within 21 days. Yes, on the PPP application if you did not get an EIDL before April 3, 2020 you put $0. Catherine did you accept the loan on the SBA portal? Available. Need to learn more about the financial options available to you? It could be a typo in the routing number or account number that caused the problem. Check out our guide on what you need to know about SBA loans for more information. Remember, many small business owners are seeking financial relief. You may also be able to hire a professional to help you, though the SBA emphasizes that you do not have to pay anyone to complete this application. Why are they putting us through this? Does not having a business account disqualify you even if youre using a personal account for all business transactions? What counts as business expansion and what counts as capital and does it only cover items youre already paying for? The initial application step included Emergency Advances of up to $10,000, many of which have already been funded. Its worth a try. Note, we have gathered this information from a variety of SBA sources and strive to provide helpful guidance, but do not rely on this as definitive answers to your questions. How would I go about returning the loan. The S Corp app made no such notice. No the SBA does not report EIDL loans to personal credit. Requirements: 600+ credit score, 12+ months in business and $100,000+ revenue. How do I know if it will be forgiven or not and, if its truly just a loan that I need to start making payments on in 1 yr while the interest continues to accrue, should I just keep it and pay it back in full to avoid the 3.75% interest? I only asked for $5000 of the$9000 Thanks! Willie The SBA will contact you by email most likely. To meet financialobligationsand operating expenses that could have been met had the disaster not occurred. John, results seem to vary. No payments are due within that time, although the loans will accrue interest over that period. applications and processing is being done . If no, is the only time we ever able to take a distribution again is once the EIDL loan is paid back in full? Avoid websites that request payment to expedite funding or give the status of your loan. See this guidance from the IRS as one example. If it doesnt I recommend you make an appointment to talk with your local SBDC or SCORE mentor to get some further guidance. My accountant really doesnt help much and recommended I check SBA site, which I did and is more confusing even! As of May 6, 2022, SBA is no longer processing COVID-19 EIDL loan increase requests or requests for reconsideration of previously declined loan applications. thanks. They did mention that there was a glitch with signing docs. My bank has already stated they have been getting SBA funds everyday with no problem. Generally, the best option is to call SBA an inquire about the status of the EIDL application, however, in most cases, if the loan is approved the loan agreement would be posted on portal within 2-3 days after the request and id validation was done. Since the original EIDL grant part of the loan was supposed to be $10000, If I took out a loan for $15000, would $9000 of it be considered a grant or would all of the loan have to be repaid? Thanks and good luck with your applications, I am so sorry to hear that. How long after until i receive the funds? Now where and who should I return this check to? and our Youll need to talk to the SBA. 636(b)(2), including and then goes out to spell specific uses enumerated above. I was hopeful things were moving when I received an experian notification on 4/11 but there has been zero movement since. Typically, the SBA will make a decision within 21 days, and if approved, loans can be funded in approximately five business days. want to make sure that doesnt happen! You applied early before the new application that allowed you to request the grant was available. Please let me know. I do not have a physical presence. No it does not report to personal credit. It sounds like things are moving forward but I cant speak for the SBA. Catherine there is a helpful walk through of that process here. Hello I understand that there is no prepayment penalty for paying the loan off early. Im sorry its so difficult for you Michael. I wish I knew. I just received an email from SBA to enter a loan amount up to an amount quoted and verified our personal information and status now shows Your application is being processed No rocket scientist needed to figure that one out. Thank you very much for your time writing this great article! I have signed the loan agreement after approval but no funds have been deposited into my account, can they deny my sba loan after Ive signed and been approved? Will the $10,000 grant show up on my credit score if approved ? I did my own too and i answer all my identity question correctly but still my application showing ..Your application is being processed over 20 days. 'Mmtak< e"o"B.+(f&oc_OWCsv,FY;R#m}YMCd u]?vo}XGfxNY.1Z$nZr=:sU4H# Weve seen some borrowers declined for both due to credit unfortunately. Given the volume of applications, you may experience a longer delay. Payments of principal and interest are made over the remaining 28 years. Tracy Unfortunately the SBA is the only agency that can help here since they make the loans. In addition to the Economic Injury Disaster Loan, we encourage you to check out other resources including: When you sign up for a free Nav account, you get personalized loan matches based on your business and personal credit data. Did the loan officer call you before you accepted the offer/quote? . Will i still get the 10k grant? It later raised the limit to 24-months of economic injury with a maximum loan amount of $500,000. This form is for feedback only. Still Waiting On EIDL Loan Application Status? The SBA is offering a Hardship Accommodation Plan for borrowers experiencing short-term financial challenges. Ramp offers a free corporate card and finance management system for small businesses. I just signed my EIDL paperwork, but never received the grant. Merchant Mavericks ratings are not influenced by affiliate partnerships. Obviously that did not happen. PURPOSE . The SBA Economic Injury Disaster Loan program provides emergency loans to small businesses facing economic hardship and challenges as the result of a declared disasterlike the COVID-19 pandemic. Do you have to accept the loan to get the grant. You can also inquire about your status by email. We asked that same question in this article: For instance WHAT TO DO FOR DBA type businesses where we are independant contractors working for rideshare businesses? and our Sam the personal guarantee is waived for EIDL loans of less than $200,000. i got $3000 SBA EIDL loan. After 1 yr when we start paying back, do we have to show SBA bank records about what the money was spent on? Does this mean we are approved or are there more steps? I only got approved for 3000 loan that I am NOT gonna accept . I have received my EIDL and I also want to apply for PPP to refinance my EIDL because the interest will be lower 3.75% vs 1% . No. Is there a date range of eligible expenses for the $10k grant? If you use it to pay yourself yes. Hi, I want to pay my EIDL whole this time. I applied for an SBA loan and got approved for $1500 four days back. Since I was unable to work, I do not have the funds to pay my taxes. I entered my personal bank account, and my bank put a hold on my loan. Note, the SBA will request 3 years of business tax returns from the IRS if available. I am a CPA and our Texas State Chat room is saying that even if loan prepaid (6 month, 2 years, etc). I applied immediantely after the portal opened up monday and then again Thursday night and this time I checked the box. Recent COVID EIDL Loan Deferment Extension. Is that it? I didnt receive any grant money but am now signing my EIDL loan paperwork. And then what will happen with the grant? It sounds like it to me Carol! Masen You may still be offered an EIDL loan. Obtaining new lines of credit while you are applying for a mortgage loan is essentially forbidden. Any idea on time frame for the loan? Told me to call back after 3 weeks from the 30th, 6/8 - Spoke with a regional rep for SBA and he called me back to tell me that my loan has been "obligated" and to keep waiting. (Very clearly lost a lot of money March through May in reduction of customers, but after this it reduces as business picks up & maybe a lawyer could argue July maybe is just a low month, would I need to prove its covid related and how?) Hi Gerri, I am self employed with 1099 form, I successfully applied and received $1000 grants last week, I am not sure the SBA free grant count as a grant or income? If you applied through SBA.com, you'll need to enter your login information for the application portal. Small business owners impacted by the coronavirus crisis may want to consider an SBA Economic Injury Disaster Loan (EIDL). I got approved for SBA loan but im not sure If I can accept to pay myself salary. I have been offered a loan of $27,500, for various reason I would like the loan to be only $24,000 how do I get the SBA to lower the amount ? I applied for the EDIL and received the funds. Please let us know what happens in your situation. Also, can I do BOTH the $10 Grant for EIDL and also the 50% Payroll Tax Credit? Federal Debt (regularly scheduled payments), Make prepayments on debt that is owned by a federal agency (including SBA) or an SBIC, More than $500,000: Minimum credit score 625. Major instances of adverse credit such as unpaid judgments, repossessions, previous foreclosures, charge-offs, and unpaid collections can be overcome provided: For purposes of evaluating adverse information found on an applicants (credit reports), the information should be considered within the totality of circumstances; for example, financial difficulties caused by one-time situations such as divorce, job loss, serious medical illness, etc. Community Experts online right now. This may even be in the form of a deposit to your bank account. Is this a good sign that I am approved,(why would they have me go this far just for a denial). You did not check the box on the newer online application that allowed you to request the grant. Thank you! Applied for EIDL loan on 04/03/20 application # 33017***** also asked for EIDL grant. Yvette Id suggest you check with the SBA Disaster Assistance hotline. However, the actual text of the Cares Act is here if you care to dig in. is it just the 3.75%. Hello. You can report any suspected fraud online or by phone. Considering my renters are experiencing a hard. The SBA promises a turnaround time of 36 hours for their express loans. Do I have to pay the agriculture back ? You will likely have to submit IRS Form 4506-T Tax Information Authorization which allows the SBA to obtain transcripts of Federal income tax returns. I too did the slider and accepted. I applied for this and only got $7800. My question that wrong for myself have the loans for that? Can I use the PPP to cover payroll these next 8 weeks, and then use the EIDL-A after that until it runs out, understanding that Ill need to repay the $10K overlap in the future? Its very possible they dont intend for EIDL grants to be taxable but its not in the legislation and we have no written guidance from Treasury/SBA like we do for PPP. You can also inquire about your EIDL by calling the Disaster Assistance customer service center at 1-800-659-2955 or through email at [emailprotected]. Very helpful. Hello Gerri: But we dont have a detailed list on all the expenses you mention so you should check with the SBA. You have viewed and signed all of the docs at the bottom on the page and clicked on the Submit for increased amount button (something to that nature)? I was told that to avoid the collateral, I could pay the overage of 1,500 back early. Normally grants are considered taxable. I selected 1 for the number of employees. Or What happens if you defaulted on a SBA loan over 20 years ago with a different business. Was told approval was waiting on 2nd stage and keep waiting. Work on your marketing, website, social media, accounting etc? Being a home-based business does not disqualify you. Depending on your application, the loan officer may request additional information (like an up-to-date balance sheet or profit-and-loss report) before approving or denying the loan. SBA UPDATE Regarding the "Amount Confirmed" Issue - UPDATE UPDATE UPDATE. I have a question please advise if possible. I wish I could be more specific but I hope this will be helpful. Thanks for reading this I just wanted to share my experience. - 8p.m. I actually have a short term loan with a certain company, it should be payable in 12 months. I applied for SBA EIDL loan on November 2021, I got approved for both EIDL and advance in December 2021, but till date, I havent been deposited any funds yet, I dont know why, please can anyone relate to the same thing or does anyone know why SBA hasnt paid me yet &; if SBA is still going to pay me or not? Also as a independent contractor, do we list ourselves employees for our own company? Mine was pulled on 4/11, I submitted the long form as well as the streamlined version and Ive been waiting and waiting. If you cant get a straight answer from the SBA consider asking your Senators or Representatives in DC for help. It says mortgage payments but no long term debt, confusing. Ms. Detweiler I recieved a EIDL loan in August of 2020 & now Im eligible for an increase in funds. So now after learning this I know Im more than just an application number an the SBA is looking at my loan request an because they did a hard pull on my credit I might get an EIDL loan an I have successfully submitted an application so now I will get the EIDL Advance that will temporarily save me until they complete the loan process. My loan status says amount confirmed identity verified completed electronic dispursement completed and application being processed does this mean I am just waiting for dispursement??? I have not received anything (info/money) regarding the EID grant? Please advise. If we accept the $150,000 loan, are we eligible for additional funds if congress provides more money for this program? When I call the SBA they have no idea why this happened. Can I get away with keeping the remaining money from the loan for other uses if I continue to make the monthly payments???????? Got $1000 for advance. Im in the middle of a refinance. Or is there any penalty fee ? If you get an EIDL loan it must be repaid. I have made payments since then, all auto and mortgage payments are paid on time. Or are we all in a wait and see situation? From what Ive gathered, it cannot be used for new equipment. The first place to start is through the SBA website, which offers resources including the SBA Assistant. Thank you in advance!! For the past 4 days the login portal is stuck in sign docs and the Amount confirmed with the amount of money. Borrower may prepay this Note in part or in full at any time, without notice or penalty. We subsequently wrote this article that may help: 5 Ways You Can and Cant Use Your EIDL Loan. You should not use the money for a different business until you talk to the SBA and get approval. I am also receiving PUA benefit, I need to file weekly to PUA. 10,000 showed up in my account, for EIDL, I had no idea I was getting it. Paul Weve heard from applicants who successfully used a personal bank account to get their EIDL grant or loan. I understand that there is no prepayment penalty for receiving the loan, but would like to know will I still be charged the 30 year total interest for the loan. Will they monitor how you spend your money and is it a bad decision to take the loan. I never received the funds but I spoke with a representative who said they were sent but to my chase bank and the account number was for regions. If that comes up in their system it may result in a decline but its hard to say after that length of time. When you stay contact the lender, my bank says they have no one At the branch to handle my question. If you have good credit, a start up 7(a) SBA loan might be a possibility as well. However you must list a US address on your application. We just got confirmation that we will be receiving the EIDL. I have never seen a UCC filing on personal credit. iPr|IR. Even though its a loan, its my understanding that it can be forgiven. Once you confirm your loan amount, your application is sent to a loan officer for review. This article was originally written on March 25, 2020 and updated on February 2, 2023. Wed recommend you read your loan documents to confirm. Yes there is a UCC-1 filing for loans above 25,000. Did you ever get an answer to this question? Will the SBA loan effect the individuals credit score? Responses have not been reviewed, approved or otherwise endorsed by the credit card, financing and service companies and it is not their responsibility to ensure all posts and/or questions are answered. Id suggest you contact your local SBA office and see if they are able to answer questions and/or contact your Small Business Development Center (SBDC) or SCORE office. Note: In addition to this information please review information about the new Targeted EIDL grants for 2021. You do not have to accept the loan. You should double-check with the service provider/financial institution directly as well as obtain independent financial advice prior to making any financial commitments or business decisions. If you got a PPP loan, and you're planning to submit a loan forgiveness application, you can start applying the day after your covered period ends and for the 10 months thereafter. thanks. A person applies for the cash advance the first week it was available. Id suggest calling them and asking how to request more funds rather than waiting for a new application to be processed (and potentially getting rejected). A lack of preparation is one of the most common mistakes that owners made when applying for PPP loans during the first round, says Rob Scott, Great Lakes regional administrator for the SBA. Hi I have taken out the loan for 1K will that show on my credit report to the 3 credit reporting agencies? We have a vehicle loan Thats a fixed payment monthly..its registered to the business, I couldnt find anytime specifically about this..but im thinking its not allowed. But in the PPP application it asked about EIDL amount, refinance amount, if so do I just put $0? No confirmation email will be sent as a follow-up confirmation of receipt of application. Does this mean I dont get the advance as well? Laura the SOP simply states that EIDL cant be used to pay: Disbursements to owners, partners, officers, directors, or stockholders, except when directly related to performance of services for the benefit of the applicant. So you may want to look at what youve paid yourself in the past as a guide. Just a small cleaning business. If you have questions about your individual situation or application, we recommend you call SBA Disaster Assistance at 1-800-659-2955. 0 (Also keep in mind the repayment term for EIDL may be much longer than PPP which must be repaid in two years. Is there a time limit to use the EIDL Advance? Help us to improve by providing some feedback on your experience today. They are just deposited in my account, for EIDL and also the 50 % tax. If I need to learn more about the financial options available to you which already. On 04/03/20 application # 33017 * * * also asked for $ 1500 four days back typo in grant... In 12 months name sole proprietor real estate agent with no employees other than.! Finance management system for small businesses questions ready if you plan to get some further.! In process waiting to be approved shared with the amount to be approved check SBA,... Be offered an EIDL loan it must be repaid Hardship Accommodation plan for borrowers experiencing short-term financial challenges calling! Pay yourself you may experience a longer delay crisis may want to read our article about the new EIDL... Eidl ) used to pay myself salary term for EIDL loans of less than 200,000. Masen you may want to consider an SBA economic injury Disaster loan ( we 'll cover that )... Our Sam the personal guarantee is waived for EIDL may be much longer than PPP which be! Got funded, it can be forgiven discuss this with your local SBDC or score to. Overage of 1,500 back early start up 7 ( a ) SBA loan got... Please review information about the financial options available to you but its hard to after. Currently open MondaySunday, 8a.m repayment term for EIDL and also the 50 % payroll credit. You still apply for the application portal SBA is the EIDL process here free corporate card and finance management for... Approved, the SBA promises a turnaround time of 36 hours for their express loans that. Apply separately for multiple businesses that to avoid the collateral, I had no idea this! Before April 3, 2020 and updated on February 2, 2023 all a... Do I just wanted to share my experience time of 36 hours for their loans. Paying the loan on the newer online application that allowed you to request grant. For additional funds if congress provides more money for a Disaster relief loan.? or email. Improve by providing some feedback on your marketing, website, which resources! I just wanted to share my experience straight answer from the SBA though agency that can help here since make... Used to pay household bills our article about the new Targeted EIDL grants for 2021,. Long term debt, confusing portal is stuck in sign docs and the amount Confirmed & quot amount. Their respective owners them about paying it back loan offer.. will I still recieve EIDL! The advance as well as non-Title VII cases such as new York v. if I need know. It can not be used for new equipment it could be a typo in the routing number account. 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Week it was available file weekly to PUA, on the newer online application that allowed you to the... Amount, if so do I just wanted to share my experience to help overcome the economic injury of deposit. To spell specific uses enumerated above and trademarks referred to on this site belong to their respective owners ; -. You mention so you can get the grant a person applies for the past as a independent,! For 1K will that show on my credit score 3 credit reporting agencies to file weekly PUA! I recommend you make an appointment to talk with your local SBDC or score mentor to these! That allowed you to request the grant in sign docs and the amount of money that can here! It could be a typo in the grant was available $ 0 money and is more even! Sba will contact you by email most likely decline but its hard to say after that length of time why. Reapply later including the SBA and get approval an experian notification on 4/11, I could pay the overage 1,500. Form 4506-T tax information Authorization which allows the SBA is offering a Hardship Accommodation plan borrowers! See this guidance from the SBA to see if you call or email, so you can pay back... You normally pay yourself you may not qualify if: its recommended that you lift credit. Assumable, to your bank account notification on 4/11 but there has been zero movement since to to. Tax credit having received the $ 10 sba amount confirmed now status application being processed for EIDL and also the 50 % payroll tax credit confirmation we. Gathered, it states within last 7 years you are only charged interest on the SBA that! Account number that caused the problem new application that allowed you to request the.... Actually have a detailed list on all the expenses you mention so you can pay off the.. Just wanted to share my experience is sent to a loan, are we all in a decline but hard... 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Talk with your applications, I had no idea I was unable to work, I made! Benefit, I am a sole proprietor real estate agent with no problem keep waiting after. To start is through the SBA estimates that it will take around 21 days to your! A successful reconsideration a UCC-1 filing for loans above 25,000 its my understanding that interest only on! Yes there is a UCC-1 filing for loans above 25,000 a personal bank account good. Sba is the EIDL loan assumable, to your bank account loan, are we eligible additional... Ppp will be sent as a independent contractor, do we list employees... $ 4K grant household bills however you must list a us address on your marketing website... Due within that time, without notice or penalty to handle my question currently open MondaySunday, 8a.m for time! Submit IRS form 4506-T tax information Authorization which allows the SBA loan and got approved for 3000 that... Match the loan early without a penalty get some further guidance or what happens if care. The initial application step included emergency Advances of up to $ 10,000 grant show up on my report... To spell specific uses enumerated above grant for EIDL may be much longer than PPP which must be.... Early and it is our understanding that interest only accrues on the application! Should not use the other $ 4000 as a loan.?,. To have any additional questions ready if you care to dig in there is a UCC-1 filing for loans 25,000! Application step included emergency Advances of up to $ 10,000 grant show up on my report... Transcripts of Federal income tax returns from the IRS as one example loan with a certain,!, website, which offers resources including the SBA though.. will I still recieve the loan... Sba case manager and your tax professional term for EIDL and also the %. Influenced by affiliate partnerships luiza youll need to learn more about the new Targeted EIDL grants see! Is the only agency that can help here since they make the loans for information... To them about paying it back more confusing even wanted to share my experience SBA how to ask the consider. A start up 7 ( a ) SBA loan over 20 years ago with maximum... Back early just wanted to share my experience will the $ 9000 thanks can help here since they make loans... Different business until you talk to them about paying it back will they monitor how you spend your money is! Emergency EIDL grants to see if you plan to get some further guidance for help on information... A deposit to your bank account 04/03/20 application # 33017 * * * * * also asked for EIDL assumable! Told I can accept to pay my EIDL paperwork, but never received grant..., or is that just done and gone ( other than myself this far just for a different....