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

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How Long Is The EIDL Application Process? The SBA has never ever prior to required to open its disaster relief applications to the whole country at one time, and the pandemic’s effects on small organisations have produced a fantastic need up against an overloaded system. If you are simply waiting for the SBA to disburse funds, there is little you can do to press the process forward.

After the national disaster was declared in March, funds ended up being readily available to assist little services impacted by the pandemic. How Long Is The EIDL Application Process? The SBA has never prior to needed to open its disaster relief applications to the entire nation at one time, and the pandemic’s effects on small businesses have developed a terrific requirement up versus an overwhelmed system. If you are merely waiting for the SBA to disburse funds, there is little you can do to press the procedure forward. One business owner told us that she waited on the phone for 3 hours just to be told they have received her application, and that was all– at the moment, there is no timeline.

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