Earlier today, we spoke with a representative of the SBA regarding EIDL loans. If you submitted an application for an EIDL loan prior to March 30, 2020, you must refile a new application in order to receive the $10,000.00 emergency advance. Once your application is completed, you should receive the advance in three business days. We also learned that applications are taking roughly 3-4 weeks to process.
We hope that you and your family are staying safe and healthy. If you have any questions, please contact us at your convenience.
All the best, John Galarnyk Andrew Cunniff John Romanucci