.LalRrQILNjt65y-p-QlWH{fill:var(--newRedditTheme-actionIcon);height:18px;width:18px}.LalRrQILNjt65y-p-QlWH rect{stroke:var(--newRedditTheme-metaText)}._3J2-xIxxxP9ISzeLWCOUVc{height:18px}.FyLpt0kIWG1bTDWZ8HIL1{margin-top:4px}._2ntJEAiwKXBGvxrJiqxx_2,._1SqBC7PQ5dMOdF0MhPIkA8{height:24px;vertical-align:middle;width:24px}._1SqBC7PQ5dMOdF0MhPIkA8{-ms-flex-align:center;align-items:center;display:-ms-inline-flexbox;display:inline-flex;-ms-flex-direction:row;flex-direction:row;-ms-flex-pack:center;justify-content:center} EIDL r/ EIDL. In the round-up: McLaren team principal Andreas Seidl pays tribute to the team’s outgoing driver Carlos Sainz Jnr. Small businesses can't draw a second Economic Injury Disaster Loan. No email yet, application number 33001**** I applied March 2020 and funded May 2020, 1K advance. There have been a few changes to how the 2021 EIDL Grants work that are intended to target businesses with the most need. The Small Business Administration (SBA)has announced the extension of the deadline for businesses to apply for the Economic Injury Disaster Loan (EIDL) program to December 31, 2021. ._1EPynDYoibfs7nDggdH7Gq{margin-bottom:8px;position:relative}._1EPynDYoibfs7nDggdH7Gq._3-0c12FCnHoLz34dQVveax{max-height:63px;overflow:hidden}._1zPvgKHteTOub9dKkvrOl4{font-family:Noto Sans,Arial,sans-serif;font-size:14px;line-height:21px;font-weight:400;word-wrap:break-word}._1dp4_svQVkkuV143AIEKsf{-ms-flex-align:baseline;align-items:baseline;background-color:var(--newCommunityTheme-body);bottom:-2px;display:-ms-flexbox;display:flex;-ms-flex-flow:row nowrap;flex-flow:row nowrap;padding-left:2px;position:absolute;right:-8px}._5VBcBVybCfosCzMJlXzC3{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;color:var(--newCommunityTheme-bodyText)}._3YNtuKT-Is6XUBvdluRTyI{position:relative;background-color:0;color:var(--newCommunityTheme-metaText);fill:var(--newCommunityTheme-metaText);border:0;padding:0 8px}._3YNtuKT-Is6XUBvdluRTyI:before{content:"";position:absolute;top:0;left:0;width:100%;height:100%;border-radius:9999px;background:var(--newCommunityTheme-metaText);opacity:0}._3YNtuKT-Is6XUBvdluRTyI:hover:before{opacity:.08}._3YNtuKT-Is6XUBvdluRTyI:focus{outline:none}._3YNtuKT-Is6XUBvdluRTyI:focus:before{opacity:.16}._3YNtuKT-Is6XUBvdluRTyI._2Z_0gYdq8Wr3FulRLZXC3e:before,._3YNtuKT-Is6XUBvdluRTyI:active:before{opacity:.24}._3YNtuKT-Is6XUBvdluRTyI:disabled,._3YNtuKT-Is6XUBvdluRTyI[data-disabled],._3YNtuKT-Is6XUBvdluRTyI[disabled]{cursor:not-allowed;filter:grayscale(1);opacity:.3}._2ZTVnRPqdyKo1dA7Q7i4EL{transition:all .1s linear 0s}.k51Bu_pyEfHQF6AAhaKfS{transition:none}._2qi_L6gKnhyJ0ZxPmwbDFK{transition:all .1s linear 0s;display:block;background-color:var(--newCommunityTheme-field);border-radius:4px;padding:8px;margin-bottom:12px;margin-top:8px;border:1px solid var(--newCommunityTheme-canvas);cursor:pointer}._2qi_L6gKnhyJ0ZxPmwbDFK:focus{outline:none}._2qi_L6gKnhyJ0ZxPmwbDFK:hover{border:1px solid var(--newCommunityTheme-button)}._2qi_L6gKnhyJ0ZxPmwbDFK._3GG6tRGPPJiejLqt2AZfh4{transition:none;border:1px solid var(--newCommunityTheme-button)}.IzSmZckfdQu5YP9qCsdWO{cursor:pointer;transition:all .1s linear 0s}.IzSmZckfdQu5YP9qCsdWO ._1EPynDYoibfs7nDggdH7Gq{border:1px solid transparent;border-radius:4px;transition:all .1s linear 0s}.IzSmZckfdQu5YP9qCsdWO:hover ._1EPynDYoibfs7nDggdH7Gq{border:1px solid var(--newCommunityTheme-button);padding:4px}._1YvJWALkJ8iKZxUU53TeNO{font-size:12px;font-weight:700;line-height:16px;color:var(--newCommunityTheme-button)}._3adDzm8E3q64yWtEcs5XU7{display:-ms-flexbox;display:flex}._3adDzm8E3q64yWtEcs5XU7 ._3jyKpErOrdUDMh0RFq5V6f{-ms-flex:100%;flex:100%}._3adDzm8E3q64yWtEcs5XU7 .dqhlvajEe-qyxij0jNsi0{color:var(--newCommunityTheme-button)}._3adDzm8E3q64yWtEcs5XU7 ._12nHw-MGuz_r1dQx5YPM2v,._3adDzm8E3q64yWtEcs5XU7 .dqhlvajEe-qyxij0jNsi0{font-size:12px;font-weight:700;line-height:16px;cursor:pointer;-ms-flex-item-align:end;align-self:flex-end;-webkit-user-select:none;-ms-user-select:none;user-select:none}._3adDzm8E3q64yWtEcs5XU7 ._12nHw-MGuz_r1dQx5YPM2v{color:var(--newCommunityTheme-button);margin-right:8px;color:var(--newCommunityTheme-errorText)}._3zTJ9t4vNwm1NrIaZ35NS6{font-family:Noto Sans,Arial,sans-serif;font-size:14px;line-height:21px;font-weight:400;word-wrap:break-word;width:100%;padding:0;border:none;background-color:transparent;resize:none;outline:none;cursor:pointer;color:var(--newRedditTheme-bodyText)}._2JIiUcAdp9rIhjEbIjcuQ-{resize:none;cursor:auto}._2I2LpaEhGCzQ9inJMwliNO,._42Nh7O6pFcqnA6OZd3bOK{display:inline-block;margin-left:4px;vertical-align:middle}._42Nh7O6pFcqnA6OZd3bOK{fill:var(--newCommunityTheme-button);color:var(--newCommunityTheme-button);height:16px;width:16px;margin-bottom:2px} SBA EIDL Advance Grants were renewed in the December 27, 2020, coronavirus stimulus package. r/EIDL: Here we can discuss EIDL loans, advances, and all things related to the 2020 CARES ACT. What The Stimulus Package Says About 2021 EIDL Loans & Grants. Now I’m waiting on obligating apparently. Join. Approved June or last year and hubby last July and neither have gotten email, ._3bX7W3J0lU78fp7cayvNxx{max-width:208px;text-align:center} The SBA is set to implement this new change effective April 6, 2021. Hot New Top. Can I apply now? ._3K2ydhts9_ES4s9UpcXqBi{display:block;padding:0 16px;width:100%} Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts . Applied on 3/29. SBA just published Press release number 21-24 which announces: The EIDL loan cap has been raised from $150,000-to a new limit of $500,000. Didn’t get EIDL until December . This loan provides economic relief to small businesses and nonprofit organizations that are currently experiencing a temporary loss of revenue. Posted by 1 day ago. As part of the EIDL program, businesses that apply can receive a forgivable $10,000 EIDL Advance Grant. ._3Qx5bBCG_O8wVZee9J-KyJ{border-top:1px solid var(--newRedditTheme-line);margin-top:16px;padding-top:16px}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN{margin:0;padding:0}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between;margin:8px 0}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ.QgBK4ECuqpeR2umRjYcP2{opacity:.4}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ label{font-size:12px;font-weight:500;line-height:16px;display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ label svg{fill:currentColor;height:20px;margin-right:4px;width:20px}._3Qx5bBCG_O8wVZee9J-KyJ ._4OtOUaGIjjp2cNJMUxme_{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between;padding:0;width:100%}._3Qx5bBCG_O8wVZee9J-KyJ ._4OtOUaGIjjp2cNJMUxme_ svg{display:inline-block;height:12px;width:12px}._4OtOUaGIjjp2cNJMUxme_{padding:0 12px}._1ra1vBLrjtHjhYDZ_gOy8F{font-family:Noto Sans,Arial,sans-serif;font-size:12px;letter-spacing:unset;line-height:16px;text-transform:unset;--textColor:var(--newCommunityTheme-widgetColors-sidebarWidgetTextColor);--textColorHover:var(--newCommunityTheme-widgetColors-sidebarWidgetTextColorShaded80);font-size:10px;font-weight:700;letter-spacing:.5px;line-height:12px;text-transform:uppercase;color:var(--textColor);fill:var(--textColor);opacity:1}._1ra1vBLrjtHjhYDZ_gOy8F._2UlgIO1LIFVpT30ItAtPfb{--textColor:var(--newRedditTheme-widgetColors-sidebarWidgetTextColor);--textColorHover:var(--newRedditTheme-widgetColors-sidebarWidgetTextColorShaded80)}._1ra1vBLrjtHjhYDZ_gOy8F:active,._1ra1vBLrjtHjhYDZ_gOy8F:hover{color:var(--textColorHover);fill:var(--textColorHover)}._1ra1vBLrjtHjhYDZ_gOy8F:disabled,._1ra1vBLrjtHjhYDZ_gOy8F[data-disabled],._1ra1vBLrjtHjhYDZ_gOy8F[disabled]{opacity:.5;cursor:not-allowed}.isInIcons2020 ._3a4fkgD25f5G-b0Y8wVIBe{margin-right:8px} EIDL Loan Increase - No Invitation Email as 04/07/2021 10am. ._12xlue8dQ1odPw1J81FIGQ{display:inline-block;vertical-align:middle} Application # 3300025xxx. Same day he said I’m approved and had me accept an offer and sign something in the portal. The EID loan (EIDL) program (30-year term loan with a 3.75% interest rate, 2.75% for non-profits) was unchanged by the recent legislation and is still open through December 31, 2021. With the EIDL businesses can borrow up to $2 million to provide working capital for expenses such as fixed debt and payroll costs. 37. Press J to jump to the feed. .FIYolDqalszTnjjNfThfT{max-width:256px;white-space:normal;text-align:center} EIDL loans are fixed-rate low interest loans for small businesses impacted by the COVID-19 pandemic. ._2a172ppKObqWfRHr8eWBKV{-ms-flex-negative:0;flex-shrink:0;margin-right:8px}._39-woRduNuowN7G4JTW4I8{border-top:1px solid var(--newCommunityTheme-widgetColors-lineColor);margin-top:12px;padding-top:12px}._3AOoBdXa2QKVKqIEmG7Vkb{font-size:12px;font-weight:400;line-height:16px;-ms-flex-align:center;align-items:center;background-color:var(--newCommunityTheme-body);border-radius:4px;display:-ms-flexbox;display:flex;-ms-flex-direction:row;flex-direction:row;margin-top:12px}.vzEDg-tM8ZDpEfJnbaJuU{color:var(--newCommunityTheme-button);fill:var(--newCommunityTheme-button);height:14px;width:14px}.r51dfG6q3N-4exmkjHQg_{font-size:10px;font-weight:700;letter-spacing:.5px;line-height:12px;text-transform:uppercase;display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between}._2ygXHcy_x6RG74BMk0UKkN{margin-left:8px}._2BnLYNBALzjH6p_ollJ-RF{display:-ms-flexbox;display:flex;margin-left:auto}._1-25VxiIsZFVU88qFh-T8p{padding:0}._3BmRwhm18nr4GmDhkoSgtb{color:var(--newCommunityTheme-bodyText);-ms-flex:0 0 auto;flex:0 0 auto;line-height:16px} hide. report. Press question mark to learn the rest of the keyboard shortcuts. User account menu. Approval received: 5/8. What they say. I am a small business owner in the State of Washington and I applied for the EIDL on March 28th 2020 and then again on April 2nd 2020 when the SBA created the shorthand application process on their website that included the option for the $10,000.00 advance. Accepted reduced offer of 150k: 5/6. The new Targeted EIDL Grants for 2021 can still be as large as $10,000 and still do not need to be repaid. SBA EIDL – Please help. Applied 4/10/20 funded January 2021 (unnecessary recon delay). 04/07/2021 10:22am no invitation email, loan funded 07/2020, Let us know if you haven't received an invite e-mail yet and when you end up receiving it. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. Loan officer reached out and asked to run credit Sunday. .ehsOqYO6dxn_Pf9Dzwu37{margin-top:0;overflow:visible}._2pFdCpgBihIaYh9DSMWBIu{height:24px}._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu{border-radius:2px}._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu:focus,._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu:hover{background-color:var(--newRedditTheme-navIconFaded10);outline:none}._38GxRFSqSC-Z2VLi5Xzkjy{color:var(--newCommunityTheme-actionIcon)}._2DO72U0b_6CUw3msKGrnnT{border-top:none;color:var(--newCommunityTheme-metaText);cursor:pointer;padding:8px 16px 8px 8px;text-transform:none}._2DO72U0b_6CUw3msKGrnnT:hover{background-color:#0079d3;border:none;color:var(--newCommunityTheme-body);fill:var(--newCommunityTheme-body)} We expect the 2021 EIDL grants to be similar to the 2020 EIDL Advances, so let’s take a look at what’s carrying over and what’s changing. Worried me a bit when I see propel on here saying they haven’t been funded after 1+ month of approval. I am patiently waiting until I get the email to request an increase… I just wanna play by all the rules ha ha. What’s the average time frame people are seeing funding in their bank after docs are signed? I'm thinking, what's the worst horror movie you can think of, multiply x10 with a topping of xanax. Hot New Top Rising. EIDL Approved- My Timeline. News. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. ._3Im6OD67aKo33nql4FpSp_{border:1px solid var(--newCommunityTheme-widgetColors-sidebarWidgetBorderColor);border-radius:5px 5px 4px 4px;overflow:visible;word-wrap:break-word;background-color:var(--newCommunityTheme-body);padding:12px}.lnK0-OzG7nLFydTWuXGcY{font-size:10px;font-weight:700;letter-spacing:.5px;line-height:12px;text-transform:uppercase;padding-bottom:4px;color:var(--newCommunityTheme-navIcon)} Do you guys think I should go ahead and seek my other insanely high interest funding or is it worth waiting and risking? Visit our website . 3rd January 2021, 0:01 2nd January 2021, 23:55 | Written by Keith Collantine. It is currently unclear how many new applicants will be accepted for 2021 EIDL advances and/or loans after the SBA’s current priority of fulfilling targeted EIDL advances for businesses that were underfunded over the past year. Starting the week of April 6, 2021 businesses will be able to apply for a higher SBA EIDL Loan amount of up to $500,000. I figured as I checked with some friends as well. Here we can discuss EIDL loans, advances, and all things related to the 2020 CARES ACT. $20 billion committed for the Economic Injury Disaster Loan (“EIDL”) Advance Program. I sent an email for one of the company without invitation, waiting for the other one, Same here,no email yet ,loan funded 07/20, Did not receive as of 10:34 am 04/7/2021 Loan funded 03/24/2021 Received just now and sent. Applicants must wait until they receive an email invite from the SBA to apply for the new Targeted EIDL Advance. The $900 billion Covid relief law lets some in less wealthy areas get a second EIDL grant. 30 comments. Now just waiting on funding. ._3-SW6hQX6gXK9G4FM74obr{display:inline-block;vertical-align:text-bottom;width:16px;height:16px;font-size:16px;line-height:16px} Can I also apply for a Paycheck Protection Program (PPP) loan? When did you submit your loan application? Updated January 25, 2021 A low-income community mapping tool is now available to help Targeted EIDL Advance applicants determine if their business is eligible for this funding program. Send in your request now to get in the queue. Neither of us have received an automated response. Just received targeted email on April 2, I am not located in low income area according to their map, but I did have a pretty significant loss in 2020. However, you will not be considered for an EIDL advance (grant) at this time. Do not wait, plenty have posted the directions on here for you to follow. Vote. Press question mark to learn the rest of the keyboard shortcuts. ._1PeZajQI0Wm8P3B45yshR{fill:var(--newCommunityTheme-actionIcon)}._1PeZajQI0Wm8P3B45yshR._3axV0unm-cpsxoKWYwKh2x{fill:#ea0027} Economic Injury Disaster Loan (EIDL) What Child Care Programs Need to Know April 10, 2020 Alongside the Paycheck Protection Program and other direct, targeted supports for child care, the Economic Injury Disaster Loan (EIDL) is a possible way for your small business to help cover certain costs during this challenging time. No invite. User account menu. Startup Junkie. The new deadline extension for the second round of EIDL funding comes after the second COVID-19 relief bill of $900 billion was signed into law on December 27th, 2020. You will be able to apply for the low interest rate EIDL loan through December 31, 2021 as long as funds are available. Rising. The last step I took was signing a document right after I chose my loan amount. In this video, I'm talking about how to get your Economic Injury Disaster Loan or EIDL approved if it was rejected. /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/TopicLinksContainer.361933014be843c79476.css.map*/Got the invite email at 1:05pm eastern. All SBA disaster loans made in calendar year 2021, including COVID-19 EIDL, will have a first payment due date extended from 12-months to 18-months from the date of the note. Existing SBA disaster loans approved prior to 2020 in regular servicing status as of March 1, 2020, received an automatic deferment of principal and interest payments through December 31, 2020. 331. Log In Sign Up. Yet many of those who have received their approval notification are confused about how they can use funds from their EIDL loans. Applied in March 2020. My other funding source can take 3-5 days for funds to hit my account, so I cant just wait last minute. I am banking on this EIDL to hit my account on time. Nothing. Really wish SBA would be more clear on their timing . SBA just published Press release number 21-24 which announces: The EIDL loan cap has been raised from $150,000-to a new limit of $500,000. Small businesses, small agricultural cooperatives and most private nonprofit organizations located in a declared disaster area and which have suffered substantial economic injury may be eligible for an SBA Economic Injury Disaster Loan (EIDL). ._2cHgYGbfV9EZMSThqLt2tx{margin-bottom:16px;border-radius:4px}._3Q7WCNdCi77r0_CKPoDSFY{width:75%;height:24px}._2wgLWvNKnhoJX3DUVT_3F-,._3Q7WCNdCi77r0_CKPoDSFY{background:var(--newCommunityTheme-field);background-size:200%;margin-bottom:16px;border-radius:4px}._2wgLWvNKnhoJX3DUVT_3F-{width:100%;height:46px} ._1LHxa-yaHJwrPK8kuyv_Y4{width:100%}._1LHxa-yaHJwrPK8kuyv_Y4:hover ._31L3r0EWsU0weoMZvEJcUA{display:none}._1LHxa-yaHJwrPK8kuyv_Y4 ._31L3r0EWsU0weoMZvEJcUA,._1LHxa-yaHJwrPK8kuyv_Y4:hover ._11Zy7Yp4S1ZArNqhUQ0jZW{display:block}._1LHxa-yaHJwrPK8kuyv_Y4 ._11Zy7Yp4S1ZArNqhUQ0jZW{display:none} EIDL loans offer 3.75% interest rates (2.75% for non-profits) and up to 30-year repayment terms. The SBA is set to implement this new change effective April 6, 2021. Can an EIDL loan be forgiven? Eligible applicants can also get up to $10,000 ($1,000 per employee) in funds of emergency economic relief to businesses that are currently experiencing temporary hardships. save. Also the prior operation of granting six (6) months working capital is also increased to 24 months working capital. 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actual loan is a 30 year loan with 3.75% interest annually. COVID-19 Economic Injury Disaster Loan Posted by 1 minute ago. SBA Targeted EIDL Advance Mapping Tool Now Available. Like many, I submitted my targeted advance application over a month ago and have had nothing but radio silence since. That same Sunday, my LO said my file was sent to obligating. If you don’t mind sharing, for those who received an EIDL loan in 2021, what was your timeline like? That's how I feel right now. The SBA is set to implement this new change effective April 6, 2021. /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/IdCard.927a8835c106513651cb.css.map*/._2JU2WQDzn5pAlpxqChbxr7{height:16px;margin-right:8px;width:16px}._3E45je-29yDjfFqFcLCXyH{margin-top:16px}._13YtS_rCnVZG1ns2xaCalg{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;display:-ms-flexbox;display:flex}._1m5fPZN4q3vKVg9SgU43u2{margin-top:12px}._17A-IdW3j1_fI_pN-8tMV-{display:inline-block;margin-bottom:8px;margin-right:5px}._5MIPBF8A9vXwwXFumpGqY{border-radius:20px;font-size:12px;font-weight:500;letter-spacing:0;line-height:16px;padding:3px 10px;text-transform:none}._5MIPBF8A9vXwwXFumpGqY:focus{outline:unset} share. Press J to jump to the feed. I received my email just now app 3300 but my husband received his last night 3800 so they are not going in any particular order from what I have gathered on this site and our experience. Also the prior operation of granting six (6) months working capital is also increased to 24 months working capital. Close. “More than 3.7 million businesses employing more than 20 million people have found financial relief through SBA’s Economic Injury … SBA just published Press release number 21-24 which announces: The EIDL loan cap has been raised from $150,000-to a new limit of $500,000. Vote. After some math, my business is likely going to hit a negative balance and won’t be able to stay open past another 2 weeks. March 2020 to Sept recon to funded. The new SBA Covid-19 EIDL Loan will provide 24 months of operational expenses to small businesses impacted by the Coronavirus pandemic. .s5ap8yh1b4ZfwxvHizW3f{color:var(--newCommunityTheme-metaText);padding-top:5px}.s5ap8yh1b4ZfwxvHizW3f._19JhaP1slDQqu2XgT3vVS0{color:#ea0027} No uninvite either. Credit pull: 4/13 (once only) Portal received: 5/6. Updated February 16, 2021. February 23, 2021. Learn about the Targeted EIDL grants here.. Over $200 billion in Economic Injury Disaster Loans (EIDLs) have been approved by the Small Business Administration (SBA) as of February 12, 2021. However you will not be considered for an EIDL advance (grant) at this time. February 23, 2021 . I have been “approved” since Sunday. Let's just acknowledge that the system is broken and the SBA isn't telling us what is going on. We will post updates as soon as it becomes available. 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