Approval & Funding Time For Economic Injury Disaster (EIDL) Loans: What To Expect

thumbnail

After the national catastrophe was stated in March, funds became available to assist little companies affected by the pandemic. How Long Is The EIDL Application Process? The SBA has never ever prior to required to open its catastrophe relief applications to the entire country at one time, and the pandemic’s results on little companies have actually created a terrific need up versus an overloaded system. If you are merely waiting for the SBA to pay out funds, there is little you can do to push the procedure forward. One business owner told us that she waited on the phone for three hours only to be informed they have gotten her application, and that was all– at the moment, there is no timeline.

How Long Is The EIDL Application Process? The SBA has never before needed to open its disaster relief applications to the entire country at one time, and the pandemic’s impacts on small companies have produced a great requirement up versus an overloaded system. If you are simply waiting for the SBA to pay out funds, there is little you can do to press the process forward.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back To Top