Good luck! PPP Loan Forgiveness: You Need to Apply. For COVID-19 EIDL loans made in calendar year 2020, the first payment due date is extended until 24 months from the date of the note, and for loans made in calendar year 2021 the first payment due date is extended until 18 months from the date of the note. Know how to apply for the new SBA EIDL Loan Increase of up to $500,000 in 2021 to get additional SBA Economic Injury Disaster Loan funds for your small business during this Covid-19 pandemic. NEW SBA EIDL Loan 2021 Increase Up to $500,000 Starting April 6, 2021 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. The new SBA Covid-19 EIDL Loan will provide 24 months of operational expenses to small businesses impacted by the Coronavirus pandemic. However, he tried three times, checking the SBA’s email that they give you to submit your request.. A further COVID-19 relief assistance amounting to $1.9 trillion is … The Consolidated Appropriations Act of 2021 replenished the pool of EIDL money by $20Billion and the application deadline for the Small Business Administration’s (SBA) Economic Injury Disaster Loan (EIDL) program has been extended to December 31, 2021. Here’s some more information. Search for SBA status. The COVID-19 pandemic has filled the entire world with uncertainty. SBA Resource Partners, such as a local Small Business Development Center (SBDC) or Women’s Business Development Center (WBC), can assist you with completing and submitting the COVID EIDL application at no cost. The instructions are to refrain from sending multiple emails. My 1st loan was so easy it was scary, I verified my ID, signed some documents and they pulled my credit. To learn more about non-forgivable SBA EIDL loans, read their FAQ. I’m wondering the same thing. This loan provides economic relief to small businesses and nonprofit organizations that are currently experiencing a temporary loss of revenue. Per the SBA, this is the process you should follow – do not respond to the email that you were sent: Visit our website. I encourage others to try the email given to submit for extension. Check the email address you responded to…there might be a + in front of it. Send to: You can look back through your email it will have your account number on there. Many have called on SBA to remove the $150,000 cap. In your search box – enter SBA … You should see your Approval Letter. For loan amounts over $25,000, SBA will continue to take a security interest in business assets evidenced by a general security agreement and UCC filing. Thanks, My loan amount was declined… What do I have to do to get it back. This legislation includes a new $5000 grant for hardest hit businesses. Additionally, if you have applied for or received a PPP loan, you can also apply for an EIDL. Thanks I’m assuming it might take weeks. A copy of you loan application will be there. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Builder Books SBA is now reaching out directly to loan borrowers via email to provide more details about how businesses can request an increase. SBA will send a follow up email notification if it needs additional documents. Freedomtax Accounting and Multiservices Inc. or its members cannot be held liable for any use or misuse of this content. 1016 E Osceola Parkway, Kissimmee, FL 34744 NAHB Use subject line “EIDL Increase Request for [insert your 10-digit application number]”. We received two do documents via email from SBA after our first application both had our application number on them. Has anyone received a response back yet on approval of loan amount extension, i did my request last week. How can I update this? Please advise, thank you! Their reply was obviously not helpful. Called EIDL Advances, they offered $1,000 per employee to qualifying businesses, up to a maximum of $10,000. Here is some more information. But was just curious. I have emailed accordingly with the requisite information, however it has been kicked back for the 4th time in the last 24 hour citing ‘access denied’ and not delivered. I have my loan number, just can’t seem to locate an App number. And 4506t AGAIN why ? Should I continue to wait patiently? Starting the week of April 6, 2021, the SBA is raising the loan limit for the COVID-19 EIDL program from six months of economic injury with a maximum loan amount of $150,000 to up to 24 … My first loan account number how do i have not heard of anyone getting a. 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