I received the advance also. On the email it says the advance is forgiven but not the loan. You may receive correspondence from the SBA regarding the loan portion (which is unforgiven)
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Did anyone apply for that 10K grant under the SBA Economic Injury Disaster Loan program??
- Thread starter cashwhisperer
- Start date
Did you receive an email along with the funds?
I received the email last week and then got the money in my account yesterday.
I thought I was out completely but the money just showed up.
I thought I was out completely but the money just showed up.
i woke up to it this morning 4k even though i listed way more employees
thanks
I received the PPP for another one of my businesses today
I got 1K EIDL and waiting for the PPP to hit the account. I've heard for PPP people are having more success with the FinTech sites: Paypal, Veem, Kabbage or quicken
I'm sure Trump is going to sign it into law tomorrow. If you havent applied for EIDL, keep refreshing the page and get in line ASAP.
I'm sure Trump is going to sign it into law tomorrow. If you havent applied for EIDL, keep refreshing the page and get in line ASAP.
What did your email say? I had my credit score pulled by the SBA today. How long after that did you guys receive your funds?
Woke up and checked my business account and the PPP loan was there. I got mine PPP from Veem
EIDL grant - check
PPP - Check
EIDL grant - check
PPP - Check
Most Videos I saw on YouTube said they received the EIDL grant 1-2 days after having their credit pulled by the SBA.
Yes, I got both the EIDL advance and a PPP Loan.
When did u submit for the eidl?
I just so happen to call the number thats on the bottom of my reference number email and the lady told me it can take upto 4 weeks now for the EIDL, she said if approved u shud get an email with a link to a portal so u can see the status otherwise u would get a letter stating that u didnt get it. Did anyone receive that email letting them know they were approved?
I believe I applied on April 1st.
I think this is if you actually get approved for the EIDL Loan. For the EIDL Advance, I have not heard of anyone needing to login to a portal. It either just showed up in the bank account (like me) or they saw their credit pulled by SBA and it showed up 1-2 days later.
If you didn't get your small business loan or grant the first time around here's why.
Applied March 30th (SBA Website)
Got a generic April 14th
Credit was pull yesterday.
Money was in my account this morning. (A week later after email, a day after credit check.)
Got a generic April 14th
Credit was pull yesterday.
Money was in my account this morning. (A week later after email, a day after credit check.)
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I applied on 4/2 & got the $1k in my account this morning. I applied under my name but I'm kicking myself for not applying with my LLC too. I'll apply under my LLC when they start taking applications again.
I got $1,000 in my account this morning
Was this the forgivable loan?
It showed up as:
Deposit from SBAD TREAS 310 MISC PAY
Was this the forgivable loan?
It showed up as:
Deposit from SBAD TREAS 310 MISC PAY
I had a credit pull over the weekend (I have good credit) and still nothing as of this morning.
@YoungSinister Yup.
UPDATE!!!!!
I got the FULL $10k from the EIDL today! I just checked my credit reports and I haven't had any inquires. I applied on 2 Apr. I didn't apply for the PPP because I don't have employees that I pay, they pay me (Barbershop/Salon). Also, I didn't get an email that stated that i was approved or denied nor a letter.
UPDATE!!!!!
I got the FULL $10k from the EIDL today! I just checked my credit reports and I haven't had any inquires. I applied on 2 Apr. I didn't apply for the PPP because I don't have employees that I pay, they pay me (Barbershop/Salon). Also, I didn't get an email that stated that i was approved or denied nor a letter.
question, can you open up a barbershop without an actual barber's license?? I would like to do that but I don't want a barber's license.
I did, but I actually have a Master Barber there. I don't cut hair, never have. I was never asked for a barber license when I went to get the permits. My shop is in PG County in Maryland. But you have to have licensed barbers doe, people get around it, but it suppose to be on display at all times, thats why you see barbers display theirs, but the shops do get inspected every so often.
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cool, thanks
I put the app in about April 8, the bank approved me and I got an SBA number and went to initiate closing with the SBA. Money ran out, they got more funding, my bank called me on Friday and asked for some more docs and I sent them over. Over the weekend they did a hard credit pull. I haven't heard anything since of received any funds. Will keep you posted.
Update. They just called me and want me to fill out another app and a Schedule C for 2019.
How many employees did you list on the application
I have 11 Barbers/Stylist combined. I didn't think I was gonna get approved because I didn't embellish my numbers, I actually went off of my business tax returns.
