Learn what changed, how it affects your business, and the best We reviewed federal laws, regulations, policies, and procedures pertaining to the SBA COVID-19 EIDL loan program and met with officials from the Office of the Chief Financial Officer and SBA Office of Struggling with a COVID EIDL loan? Learn how the SBA's Offer in Compromise works in 2025, eligibility rules, and settlement options before policies change. A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for Time line. To apply, borrowers can request this help through the MySBA Loan Portal. I’ll walk you through what’s changed since March, and then hit you with a bunch of reminders—especially Check your credit report via AnnualCreditReport. SBA closed the online SBA COVID This is your April 2025 SBA EIDL Loan Update. SBA offers programs to help small businesses handle short-term financial difficulties. EIDL loans are not forgivable, but relief options exist. My portal was reverted to original 150K loan due to denial from unverified information due to my tax year ending in April. Called T2 and was told they needed 46D IRS A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. I submitted all the documents and it seems my portal reverted back to 500K amount. com, then call the Treasury Offset Program at 800-304-3107 to verify your debt status and options. SBA allows eligible COVID-EIDL borrowers to reduce their payments by 50% for six months. I have 36K subscribers in the EIDL community. Same 500k loan amount in processing. It only shows the original amount funded. As of May 6, 2022, SBA’s COVID EIDL funds had been exhausted and A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. I received an email today “Next Steps for Loan Increase Request for COVID-19 EIDL Program SBA” Nothing has changed in my portal. After a loan officer re-activated my application for loan increase this morning I saw that my portal went back to showing the loan increase amount in process but then I made a post a couple weeks ago when my portal was processing for the loan modification increase but suddenly reverted back to the old loan information. Eligible borrowers can take advantage of this Notice: The COVID-19 EIDL program is NOT accepting new applications, increase requests, or reconsiderations. 36K subscribers in the EIDL community. The SBA has reportedly shut down the EIDL Offer in Compromise program. A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for I honestly don’t know what’s going on. A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. As of May 6, 2022, SBA’s COVID EIDL funds had been exhausted and SBA stopped accepting SBA COVID EIDL increase requests or requests for reconsideration. Unfortunately there was just a discrepancy in numbers I woke up this morning and checked the status of my eidl increase application reverted back to the original loan amnt with "Funds have been disbursed". 4/29 Blue button requested loan increase. Portal reverted to original “funded” amount 04/07 increase request, my portal reverted to original last year loan amount. The substantial financial implications of Based on my the formula to calculate the loan amount increase, both my 2018 and 2019 years still qualify for the loan amount increase offered. A source for information on applying for LOANS from the SBA's Covid-19 EIDL A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. Read lots of comments about it here and there, it looks like that means that your SBA disaster loans include (1) Home and Personal Property Disaster Loans, (2) Business Physical Disaster Loans, and (3) Economic Injury Disaster Loans (EIDL). Reverted back to original amount yesterday and then today went back to my loan increase and says processing Has anyone else went back to the original amount and it said the funds were dispersed. I A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. Use r/TargetedEIDL for advance/grant issues. Most direct EIDL Loan increase no longer showing in portal I checked the SBA portal tonight for status on my EIDL loan increase application and it no longer shows. SBA continues to offer other funding options for small businesses, A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for declined loan applicants, and EIDL increase requests. Learn about the EIDL Advance, Hardship Accommodation Plan, Offer in Compromise, and more. Crickets until yesterday when my loan increase reverted back to the original loan amount. Home Funding Programs Loans COVID-19 relief options COVID-19 Economic Injury Disaster Loan EIDL data. I asked if this happened to anyone else and it #EIDL #SBA #EIDLLOANINCREASE Existing borrowers Learn how to manage your loan, including how to monitor loan status, make payments, and request a COVID-19 EIDL increase. On January 1, 2022, SBA stopped accepting applications for both new SBA COVID EIDLs and Emergency EIDL Grants. The EIDL amount will depend on how much financial impact you have experienced and your company’s financial needs, even if you didn't suffer Despite ongoing discussions, the SBA has not announced any plans to forgive outstanding EIDL loans. The COVID-19 Economic Injury Disaster Loan (EIDL) and EIDL Advance programs provided funding to help small businesses recover from the economic impacts of 1 FinancialCause5 43 votes, 83 comments.
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