Eidl loan increase request 2021 reddit I requested and increase in April 2021. 5/6/2021 am- email that loan was approved and go to portal to sign docs. Especially because the amendment was made after the date that the EIDL Increase April 2021 . 3. TL;DR April 7, 2021 - Received "Increased Loan Limits for COVID-19 EIDL Program" Email April 7, 2021 - Submitted "Increase Request" Email I applied for the EIDL increase on 4/10 and just received a call today (5/14) from a Loan Assistant asking for documents - but it seems more intense than for regular EIDL increase requests. We have reviewed your request for an EIDL loan increase of the above-referenced disaster loan application. Finally got call in mid-march 2021 from loan officer, approved. April 7th, 2021 received an email from SBA with invitation to be reconsidered for a higher EIDL amount. Regardless of whether your loan is $5000 or $500,000, it looks fishy to them. I signed the papers and 3 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. Included increase (4x original request). From the SBA website: Collateral requirements: Required for loans over $25,000. Same here, and I began this process as early as February 2021. you can get the EIDL increase if your business started between January 1st and January 31st of 2020, the SBA doesn't require proof of economic injury for a business to be eligible for an EIDL Loan. Now I'm wondering how this will affect the loan increase request. Reconsideration was definitely not easy, although you were trying to convince them to give you more for whatever the reason may be. As of May 6, 2022, SBA is no longer processing COVID-19 EIDL loan increase requests or requests for reconsideration of previously declined loan applications. The #2 step of this email instructs me to " After you log into your account, click on the button that reads “Request More Funds”" However, when I log into my SBA account, there is no button or link that says Request More Funds. Use r/TargetedEIDL for Borrowers can request increases up to their maximum eligible loan amount for up to two years after their loan origination date, or until the funds are exhausted, whichever is soonest. A source for information on applying for LOANS from the SBA's Covid-19 EIDL it doesn’t increase the number of loans approved. A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for Towards the end of April 2021, I applied for an increase. Questions for anyone already approved for EIDL Loan increase in 2021. celsius. 25 votes, 22 comments. 4/12 @ 445pm- received a call from Sba. SUBJECT: Extension of Temporary Changes to EFFECTIVE: April 22, 2021 4506 Tax Transcript Verification Procedures during the COVID-19 Emergency through June 30, 2021 By Andy Medici – Senior Reporter, The Business Journals, Sep 7, 2021 Updated Sep 7, 2021, 1:43pm EDT The Small Business Administration is preparing to make some significant changes to its Economic Injury Disaster Loan program — changes that will expand who is eligible and how businesses will be able to spend loan proceeds. Collateral – Collateral is required for physical loss loans over $25,000 and all EIDL loans over $25,000. They sent out invites. Follow these instructions if you wish to request a loan increase: Send email to CovidEIDLIncreaseRequests@sba. Your loan modification has been created and submitted for Get the Reddit app Scan this QR code to download the app now. A applied for reconsideration sometime beginning of 2021 I went through one loan officer once in the past back in July 2021 when I was stuck in obligation stage for 6 months and kept sending emails 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. Replied to loan increase email again in text format on 4/21/2021 Received loan increase request received confirmation email same day on 4/21/2021, signed form 4506-T same day. - 25,000 to 199,999 required assignment of business assets, but no personal guaranteehas - over 200,000 required a personal guarantee. Reddit's hub for advice, 4/7/2021- Applied for EIDL Increase. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. Rejected on April 27th due to state saying my company was inactive. SBA will not decline a loan for lack of collateral, but requires you to pledge what is available. My 2019 taxes showed $37,528 on line 5. Called about 0945 hours CST, ask the usual was I me and did in fact request an increase, reconsideration issues for declined loan applicants, and EIDL increase requests. I have a service-based business (zero COGS) that I started in Jan 2019 that did well in They are not going to let the need for 4506T delay EIDL increase loans. 2021. we have the same start date, 1st-time app also, no issues or special hiccups. I just received an increase about a month ago. 6/12/20 - Received first EIDL loan 3/4/21 - Request for increase email sent to pdcrecons@sba. I applied for an EIDL loan increase on May 7th, accepted May 7th, and access to the portal granted May 8th. Reddit . We are in receipt of the requested documentation and/or tax transcripts from the Internal Revenue Service. Increase request email 5/9 BB 5/9 5/9 - 8/18 Crickets Top posts of August 2021. Bad health. No loan increase request blue button. **Edit/update: spoke to another tier 2 agent a min ago- she said that when I requested an increase, the total amount I needed to ask for should have included both the amount I initially received for my first EIDL loan ($9,200 in my case), PLUS I didn’t receive a next step for loan increase email. Use subject line "EIDL Increase Request for [insert your 10-digit application number]" We have reviewed your request for an EIDL loan increase of the above referenced disaster loan application. In essence if you were approved and received a $100k and now requested $400k on the site you would essentially receive the difference of $300k to total to that new loan amount. network/ Please make sure that you read our Help Center before posting a general question that can be found there: https://support. gov Use subject line "EIDL Increase Request for [insert your 10-digit application number]" Be sure to include in the body of your email identifying information for your current loan including application number, loan number, business name, business address, business owner name(s), and phone 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. Although, never have had a soft pull credit score yet, still in processing. 5/18/2021- Received a letter Not Eligible: The SBA is using the 2019 Federal Income Tax Return as a means to establish that the applicant business was operational prior to 2020. The steps to request an increase are: On receiving an email from SBA, write We have reviewed your request for an EIDL loan increase of the above referenced disaster loan application. As of May 16, 2022, the COVID-19 EIDL portal (covid19relief1. DISCLAIMER: I'm a former SBA Loan Officer, so I'm aware of the processes that were used last year, but I haven't kept up with it since I got funded last June. August 20, 2021 I was told that the SBA attempted to deposit funds into my bank account on record. I received the email today to let me know I can request more funds. The night prior, I was reviewing past correspondence from the SBA, and language from an email from the COVID EIDL Increase Request department hit me in the gut big time: Based on this "Decline Email" from 4/23/22, it expressly Email acknowledgment of an increase: 4/13/2021 Blue Button: 4/22 Submitted --> Loan modification being processed Email from SBA: 4/23 --> Next Steps for Loan Increase Request for COVID-19 EIDL Program SBA Email from SBA 5/7--> Next Steps for Loan Increase Request for COVID-19 EIDL Program SBA (same email content as 4/23) EIDL Increase - Portal Glitch? 5/2021 . SBA is no longer processing COVID-19 EIDL loan increase requests or requests for reconsideration of previously declined loan applications under this program. Get the Reddit app Scan this QR code to download the app now. Based on our review, we have determined that your file should be reactivated for further consideration. Funded and dispersed April 14th 2021. We are probably looking at 4-12 weeks. Here's my timeline thus far (best of my knowledge. Approved, signed and in Funding status all with in 90 minutes . This will be a large undertaking by the SBA. Funded May 2020 for original EIDL, did not apply for recon, DID apply for increase after invite received on the 6th, applied for and received Targeted advance in April of 2021 (applied on the 9th, funded on the 21st), blue button received on the 22nd, clicked and went through that process that evening, portal now says "loan modification is being processed". Application Number: xxxxxxxx53 We have reviewed your request for an increase of the above referenced disaster loan. But, I am still waiting to hear from my re-evaluation for my supplemental targeted advance. Found out another LO had different standard for approval, blocked funding. At this time, we are unable to complete the evaluation of your request until the following information is provided: Include a complete copy, including all schedules, of the 2019 filed Federal Tax Return for the business. These loans get transferred out of the “processing & disbursement” center (which is El Paso, TX for Disaster Assistance) and moved on to a “loan servicing” center that handles it from there, while you are in the re-payment phase - I believe there are 2 main locations for these servicing offices - my EIDL is being I called for an update on 7/12, emailed the update request alias, got an automated response, nothing. 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 have filled out and submitted all the forms emailed to me. Same here. Short summery - Weeks on the same status All documents requested have been sent - tax request forms three times, taxs, schedule of Liabilities, voids check, identification However, in revised guidance that went into effect September 8, 2021 the SBA said it will “permit COVID EIDL working capital loan proceeds to be used to pay any type of business debt, including loans owned by a Federal Business, Economics, and Finance. Kept Twiddling and twiddling my thumbs . 5/6/2021 - Caweb updated to new amount. Is the screenshot that I have posted also for the 2nd loan increase or should I wait for the blue button for the request for increase? 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. SBA continues to offer other funding options for small businesses, including traditional SBA loans . The attempt failed because of a internal "glitch" at Yeah responded to the increase invite about a week ago 4/22 , chose my increase amount and signed for a 4506-T for 2018 & 2019, ( why?? , IDK because I signed for one when I got the original amount a few months ago but whatever??) and now it just says the new amount confirmed and below it in the green bar it says “YOUR LOAN MODIFICATION IS BEING I went to my portal to increase my loan amount by sliding the bar. To my surprise, I was 6-months of working capital in January 2021, my FICO credit was at 620-636 throughout the entire process of my EIDL loan increase request, from April The community for Old School RuneScape discussion on Reddit. Applied for an increase and have the your application is being processed green. My portal status has been "Your loan modification is being processed" since Monday. Original EIDL loan accepted: 07/2020 Increase request (original loan was not 6 months cap): 03/05/2021 Correspondence and approval for said request: 03/22/2021 Funded for increase 2 days later. I must have submitted 4506-T at least 5 times by now and never got any consistent information. It should’ve been $40k . Do you think there is a correlation between the EIDL loan increase and my supplemental targeted advance? Thanks for your This is the same EIDL loan for which I requested a loan amount increase (by an additional $270k, bringing the total EIDL loan amount to $360K (original 90K + loan increase amount of 270k), a request that the SBA approved two days ago (this past Thursday 7/8/2021) Hey guys would some guidance on how to get a stalled loan increase request moving. It used to all be listed on schedule C now half of my revenue is listed as rents on schedule E. I followed the instructions and was able to click the “Request More Funds” button. Logged in to my portal and that feature is not available. Said that at some point soon there'd be a credit check, and that the loan amount will REVERT BACK to the original funded loan amount (1st loan last June). Should be the new total loan amount. high 400's. I sent updated voided check and ID 2 month before but no update . Loans approved prior to April 7, 2021 for less than $500,000 are likely eligible for an increase based on new loan maximum amounts announced March 24, 2021. " They asked for copy of DL and a voided check. That’s how they estimate a half years (6 mos) working capital for your biz. April 14th, 2021 submitted requested docs, and requested an increase in response to SBA email. Finally got original LO to fix that. Or check it out in the app stores This is my second EIDL loan with increase request. If it did, it wouldn't request 2019 taxes only. Tried submitting new app, oops, declined after 2 months Then I learned I was suppose to email the loan request office directly. . April 26th, Blue button, Slider, and initial 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. April 8th- Replied to the email for the EIDL loan increase May 4th - Received an email from SBA asking me to log into my portal and submit required docs & request more funds. bb on 04/22/2021. I'm looking to get the EIDL Loan increase blue button on the portal. I called and they gave me an email that I could contact to request a decrease in the loanbut I got thinking, would it be bad to take the increase. We submitted all the documents for loan increase on April 9th. Replied to loan increase email 4/7/2021. I asked for it on 04/07/2021 and didn't think much of it after a few weeks of checking and always still processing on the portal site. Waiting for vaccine. We received your request to increase your COVID-19 Economic Injury Disaster Loan (EIDL). The SBA is expected to launch the platform to increase EIDL loans to $2M on Monday, August 16th. reReddit: Top posts of May 2021. Join us for game I Copied this from EIDL Increase Thread: Dear SBA Borrower: We received your request to increase your COVID-19 Economic Injury Disaster Loan (EIDL). Since then, I have provided all necessary documents and have not heard back about my request for an increase. However, it indicate the following; The “Request More Funds” button will only be visible if your current loan amount is not already at the maximum loan limit As a reminder, SBA announced last month that we are extending the first payment due date for all loans until 2022. As of May 16, 2022, the COVID-19 Learn how to monitor the status of your Not dumb. love this update. What do they ask for on the increase I just want a little extra cushion if we get shut down again but I haven’t even spent the funds they have given yet but to minor business debts and I was just approved for loan and grants so I have 98% of the monies left can I still ask for increase while my projects are being finished by my vendors I received an email out of the blue on 7/19/2021 that my loan increase request was approved. The odd thing is, I submitted a request for more funds in my portal 5 days ago. Original EIDL loan application: 4-2-20 Original EIDL loan approved: 5-17-20 Original EIDL loan disbursed ($150K): 6-3-20 EIDL loan modification application: 4-12-21 Blue button/4506-T submission: 4-23-21 8 calls, 4 emails, 2 congressional inquiry emails, 100 sleepless nights: 5-1-21 to 8-18-21 Email from SBA loan specialist requesting copy of 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. ) 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. all necessary supporting docs in the right places so it was easy for a processing LO to approve my previously declined increase request when they eventually got to it. 2. 25 votes, 17 comments. Or 4/20/2021- request on the portal to sign 4506-T. SBA takes real estate as collateral when it is available. I also didn't reach out to the SBA to follow up on my EIDL loan increase request. Received max $150k in 6/2020. We are in receipt of your documents and will order your transcripts from the Internal Revenue Service which are required to process your request for an EIDL increase. So last year I received my EIDL loan and went ahead and accepted the amount they offered me. Yet after I applied for the initial loan in 2020 on 8/13, the soft pull was done 8/14. We are in receipt of the requested documentation and/or tax transcripts from the As of May 6, 2022, SBA is no longer processing COVID-19 EIDL loan increase requests or requests for reconsideration of previously declined loan applications. Any way I can fix this to be approved for recon? Thank you April 6: Sent Email for the increase and got an automated generic response April 15: Got an email requesting for me to send in a 4506T It appears Well technically I never bothered with eidl until I got ppp in spring 2021. I applied for first round last year and got approved and second round may 1st 2021 still says loan modification is in progress I’ll keep u guys updated I applied for EIDL LOAN INCREASE 5 weeks ago. Earn up to 17% APY on crypto, and get a crypto-backed loan for as low as 1% APR. I've been emailing the re-con department the 4506T with my correct ss#. CovidEIDLIncreaseRequests@sba. The formula is (2019 Gross Rev - COGS)/2. If I could please receive further assistance I would be very greatful. Recently I got a notification that my loan application had changed, so I logged on and saw that my amount had been updated to $247,000, and that I needed to accept the changes to receive my loan. Got denied for eidl loan increase request because I put $20k on eidl application as gross receipts by mistake . Use r/TargetedEIDL for advance/grant issues. Hi, u/Green_1965 Yes! I went through same thing for both EIDL loans; original and increase request, I appealed in reconsideration for both. For when you have to start making your monthly payments to them. It can take up to 4 weeks to receive transcripts from the IRS. GOV was up briefly on Sunday and then returned to the current $500K. I'm so pissed the 4506T has the wrong social security number. No confirmation it was received, I just decided to wait it out. Read more about EIDL grants here. ): 4/17 EIDL Mod request 5/7 BB 6/7 Request for form 2202 and driver's license from SBA (returned information within 2 hours) 6/9 LO introduction email received I am group #2 See my most recent comment in mega thread In a nutshell received increase email 4/7 (had not had any contact with the SBA since my EIDL loan 6/16/20) did not get an auto reply until I resent increase request on 4/9 and received email today (4/14) requesting only complete copy of 2019 taxes and the 4506T form. gov, also EIDL grants were included in the Economic Aid Act passed December 27, 2020 and the American Rescue Plan passed March 27, 2021. Like many I am asking and basically begging for movement and approval for my business EIDL loan increase. "Some loans approved prior to the week of April 6, 2021 will be eligible for an increase based on new loan maximum amounts announced March 24, 2021. reReddit: Top posts of May 4, 2021. I just received an email instructing me to login to my SBA loan portal to "Request More Funds". We have reviewed your request for an EIDL loan increase of the above referenced disaster loan application. i am taking The new guidelines increasing the max loan amount from 6 months to 24 months was introduced on April 6th 2021. sba. SBA keeps emailing me saying that my increase request will be cancelled , if I don't sign the 4506T. My loan was initially approved in January 2021 and I applied for an increase after the parameters of the program changed to include 24 months of economic injury in April 2021. 7/23 - received the following: We have reviewed your request for an EIDL loan increase of the above referenced disaster loan application. How To Apply for an EIDL Loan Increase the Easy Way. crickets since then. Posted by u/ryanwgregg - 6 votes and 7 comments When the Covid EIDL program began, and the SBA needed to request transcripts for anyone who went through reconsideration for their original loan (long before the increase was in effect), The SBA and IRS agreed that the IRS would continue to accept the March 2019 disaster version of the 4506T for this program only. According to the SBA, the steps to request a loan increase are: Confirm your loan eligibility and review the SBA Notice: The COVID-19 EIDL program is NOT accepting new applications, increase requests, or reconsiderations. gov. We have been asked for the 4506-T form 17 times! 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. this Friday on feb 4th they said it’s showing funding,I Applied for the EIDL loan increase in April of 2021. The EIDL loan increase doesn't have that requirement. To continue processing your request, please complete the following steps: Log into your SBA loan portal account at: https://covid19relief1. Emailed for increase: 04/06 Experian hard credit pull: 04/17 Email correspondence from LO: 04/19. Received Email update 8/31: "We have reviewed your request for reconsideration for an EIDL loan increase and we are in receipt of your requested documentation. I have multiple businesses in which I applied for an EIDL loan in December 2021 which was declined to due duplicate applications. network/hc/en-us so to reiterategot request for increase on or around 04/10/2021 . 3/11/21 - Received email asking for complete 2019 Federal Income Tax Return, 4506-T , voided check, ID 3/31/21 - Received email asking for 4506-T, 2202 4/2/21 - Received email asking for 4506-T Loan Number = 3- 04/04/2021 - After research to google + reddit, i replied to SBA lawyer, mostly from reddit copy, change and paste. Signed it immediately. 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 I've been in this process since 4/17 when I originally responded requesting an EIDL loan modification. EIDL Loan Increase Request Stuck Trying to Sign 4506-T Hi, I have been stuck more than a week with the ability to change the requested amount, but no matter what I try (changing, amounts, updating account, using a PC, using a Mac, trying an incognito/private window, etc. I just went to my portal and saw that I have a third request for a loan increase. Talked to a person who said our loan is in 'final stage' of approval. Have the limits for collateral changed? Last year it was: - Under 25k required no collateral or personal guarantee. told i was approved 10/4 (on one of my later follow-up calls to main number). We have reviewed your request for reconsideration for an EIDL loan increase and we are in receipt of your requested documentation. Initial loan amount was the $150,000. since then, the run-around of no certainty as to why no loan documents. I signed loan document 12/10/2021. A source for information on applying for LOANS from the SBA's Covid-19 EIDL, reconsideration issues for 5/3/2021- request for 2202 and voided check. _ The amount you are qualified for is based on your 2019 total revenue minus your Cost of Goods Sold x 2. Timeline: April 6, 2021 email increase. 1. Both times for credit history, and my score did not go up (was still below minimal threshold of 570) but I still got approved both times, but took 3+ months each for both loans, because of recon process, though I hear they are moving 10X Received the email to request an increase tonight (4/22). A new way to earn, borrow, and pay on the blockchain. gov/ 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. Or 4/30 Sent email increase request I applied for first EIDL loan on April 10th, 2021. I got an email on the 26th of April for my “invitation to request supplemental targeted advance” and noticed the slider on the Sba site. Then, I was asked to sign the 4506T. Your case file will be assigned to a processing loan officer shortly. Crypto Original loan 7/2020 approved. 2- 03/21/2021 - SBA lawyer contacted + asked Hazard Insuarance + B-of-R 1- 06/26/2020 - Original approved and funded the same day - 06/26/2020 Edit Timeline Update (6/30/2021) April 6th - Invitation from the SBA to request increase Amount April 9th - Invitation to request Targeted EIDL Application May 1st - Big Blue button for Loan amount Increase May 2nd - Request for IRS tax forms requested and submitted May 3rd - Targeted EIDL Advance denied May 14th - Contacted SBA to ask about process, was told 4/7 request increase Never received blue button 4/28 Received called from LO 4/29 approved I'm just wondering how long is it going to take for legal team to generate loan documents This thread is archived But I have already gotten the 1st loan back in January of 2021. email from lo on 05/24/2021 requesting several documents. 4/6/2021 - Received invitation for the EIDL Loan Increase 4/6/2021 - Sent email with requested information to begin the loan modification process 4/12/2021 - Received email requesting 4506-T and 2019 Tax Returns 4/12/-2021 - Responded with the requested documents 4/20/2021 - Received Confirmation that documents were received 4/6 Increase Request 4/15 Got SBA email request 2019 tax and 4506T, Wasn't the original EIDL application using 12 months prior to the date of the application I was declined loan increase because I didn't work in 2021 as a lyft driver. You also have to subtract any existing Rejected, reconsidered, numerous repeat document requests, stonewalling mostly. April 13 Several emails back and forth for standard documents to PDCRecons April 21, Blue Button discussion on r/EIDL went and requested funds . I logged into the website and choose the amount I wanted to increase the loan to, however I decided not to choose the highest amount because it said that anything about $25K would become a secured loan with the requirement of business assets being leveraged to secure the loan. reReddit: Top posts of August 2021. Stayed on this thread which kept all my hopes alive! We have reviewed your request for an EIDL loan increase of the above referenced disaster loan application. Portal option to increase has never shown. I saw I had to do my taxes but eidl was too confusing and too much risk to take on that much debt and I still had to figure some things out like how to appropriately do my taxes and what to consider going forward. I received my email titled Next Steps For Loan Increase Request for COVID-19 EIDL Program SBA:0800157. Good afternoon I just called SBA to find out the real status of my EIDL Loan Increase application. To continue processing your request, please complete the following steps: Log into your SBA loan 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. LO called 10/1 to request identity and voided check and copy of DL, she received when we got off the phone. If your portal offer is correct based on that formula it’s a long shot at best that they will increase your EIDL offer, that’s pretty 3/11 submitted increase request via email 4/7 release of increase emailed out- resubmitted email. Listed PPP x2 and Original EIDL loan and returned. SBA has sent emails to EIDL loan borrowers from 2020 and early 2021 to inform them of the process to request an increase in the loan amount. Wish I knew that to begin with, waisted 2 months on the new app. made a couple of calls to sba. April 22, Rec'd email related to blue button 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. But because you amended and reduced your COGS, that’s going to increase the amount of your loan. 5/14/2021 The EIDL loan increase has nothing to do with a low income community. We are unable to grant your request due to the following: At this time, SBA is permitted to provide applicants with a loan, not to exceed 24 months' margins. Completed. I applied on April 22-2021 for my increase and states the loan modification is being processed and I know may of you will tell me its only being a few days ago, but I was curious to call and speak with someoone who can give me real info, so after waiting 15 minutes on the phone a lady pick up 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. UPDATE: Apologize for not giving a timeline and other information (as requested by comments below). 36K subscribers in the EIDL community. (note the new application on SBA. Increase request email 5/9 BB 5/9 5/9 EIDL Loan Increase Time Line. Called back today 7/19. In actuality the amount of small businesses on Reddit and FB that read and post on these forums is such a small percentage of the overall applicants for these loans it really doesn't matter when you read about people applying Just my application number and loan number and request for loan increase A source for information on applying for LOANS from the SBA's Covid-19 EIDL I think it really does not matter the loan amount YOU request in that question it will be from Thank you for clarifying because the unfunded are approved and awaiting funds of not the original EIDL loan but the EIDL loan increase/modification we MAY 11, 2021 UPDATE: NOTHING NEW TO REPORT. Reply 2021. Businesses that received a loan subject to current loan limit do not need to submit a request for an increase at this time. You are receiving this message as a notification that we are unable to continue processing your application due to the lack of available funding for the COVID-19 EIDL loan program. A source for information on applying for LOANS from the SBA's Covid-19 EIDL Less sales revenue and more rental revenue since it's favored better for tax purposes. Old amount shows disbursed, new amount shows un-disbursed. reReddit: Top posts of April 2021. reReddit: 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. Or Yes, I applied for an increase back in Jan 2021, sent my 4506 T form like 5 times, “We have reviewed your request for an EIDL loan increase of the above referenced disaster loan application. loan in progress for a very long time. Your loan modification has been created and submitted for No, way too soon. So I sent the email earlier this week. Businesses that received a loan subject to the previous loan limit can submit a request for an increase at this time. Not funded. I just received an email from the SBA explaining how to request an EIDL loan increase through my online SBA portal. reReddit: Top posts of August 20, 2021. https://celsius. If you have questions about your Loan interest continues to accrue during the deferment period, and a loan increase will not further extend your first payment due date. here is the address. its been 2 moth same crap they are saying keep checking email. 5/1/2021- Confirmed Increase at the SBA Website. At this time, we are unable to complete the evaluation of your request until the following information is provided: 2018 and 2019 Federal Tax Return for this business (Full return required, send as a single PDF) Has anyone receive the invite to increase the yeah eidl loan since the new increase to 500,000? Premium Explore I think they gonna make the EIDL loan increase request a priority since they are making money off the EIDL loan and not the grants. fkjr vguyhs bouimei vibo pnx hausw htke nly ucntpdz kkzblakm