This is no different than tax reform. 0 comments. I was finally funded after 6 months and was wondering if I could reimburse myself. This post explains in more detail. Is it possible to still get the grant with with new $20B in EIDL funding that looks to pass soon? /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/ReredditLink.f7b66a91705891e84a09.css.map*/I did my first incorrect also. We analyse and summarize anonymized self-reported data shared by small businesses. They could have at least gave all small businesses their grants first instead of paying out large loans to a few and depleting their money especially after reneging on the 3 day promise and the full 10k.... That would have helped some of us a lot. Another point of contention is the amount of the grant itself. In response to the coronavirus pandemic, small business owners in all U.S. states, Washington D.C., and territories are able to apply for an Economic Injury Disaster Loan (EIDL) Emergency Advance of up to $10,000. save. We got a confirmation number that the application went through on the SBA.gov website, but haven not received any further communication or funding in her account. /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/IdCard.de628c13230c59091a5d.css.map*/._2JU2WQDzn5pAlpxqChbxr7{height:16px;margin-right:8px;width:16px}._3E45je-29yDjfFqFcLCXyH{margin-top:16px}._13YtS_rCnVZG1ns2xaCalg{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;display:-ms-flexbox;display:flex}._1m5fPZN4q3vKVg9SgU43u2{margin-top:12px}._17A-IdW3j1_fI_pN-8tMV-{display:inline-block;margin-bottom:8px;margin-right:5px}._5MIPBF8A9vXwwXFumpGqY{border-radius:20px;font-size:12px;font-weight:500;letter-spacing:0;line-height:16px;padding:3px 10px;text-transform:none}._5MIPBF8A9vXwwXFumpGqY:focus{outline:unset} So if you don't auto-receive it tomorrow, call in ! New EIDL Grant and "Low Income Community" COVID: 2020 Relief 2 (BBOCR) I understand the definition based on 26 USC § 45D(e)(1); however, will there be a way to search this? When do you think we will get the invite for the loan? EIDL LOAN Progress Tracker. 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If the client receives additional funds from the SBA, which will require repayment, I will move them over to the "LT Liabilities: SBA Loan" account. 236 comments. 98% Upvoted. ._1PeZajQI0Wm8P3B45yshR{fill:var(--newCommunityTheme-actionIcon)}._1PeZajQI0Wm8P3B45yshR._3axV0unm-cpsxoKWYwKh2x{fill:#ea0027} • SBA must distribute the Emergency EIDL within 3 days of the request. 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As you know, the President signed the COVID Relief and Appropriations Bill tonight. I also called them yesterday and "Tier 2" sent me my loan portal invitation. Here we can discuss EIDL loans, advances, and all things related to the 2020 CARES ACT. $10K EIDL Grant. My wife's business applied on Tuesday evening. Reply. Same here, just got the 1k about 10 min ago. Rather get it sooner rather than later so the $ doesn’t run out. If you’re a sole proprietor, take 3 minutes to understand how the EIDL works for you. $10,000 is simply the maximum you could possibly receive. Click Add income to create a transaction. 2. Define EIDL Grant. These programs are available for a sole-proprietorship or gig worker as well; think: an Uber driver, Amazon reseller, contractor, etc. .c_dVyWK3BXRxSN3ULLJ_t{border-radius:4px 4px 0 0;height:34px;left:0;position:absolute;right:0;top:0}._1OQL3FCA9BfgI57ghHHgV3{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;-ms-flex-pack:start;justify-content:flex-start;margin-top:32px}._1OQL3FCA9BfgI57ghHHgV3 ._33jgwegeMTJ-FJaaHMeOjV{border-radius:9001px;height:32px;width:32px}._1OQL3FCA9BfgI57ghHHgV3 ._1wQQNkVR4qNpQCzA19X4B6{height:16px;margin-left:8px;width:200px}._39IvqNe6cqNVXcMFxFWFxx{display:-ms-flexbox;display:flex;margin:12px 0}._39IvqNe6cqNVXcMFxFWFxx ._29TSdL_ZMpyzfQ_bfdcBSc{-ms-flex:1;flex:1}._39IvqNe6cqNVXcMFxFWFxx .JEV9fXVlt_7DgH-zLepBH{height:18px;width:50px}._39IvqNe6cqNVXcMFxFWFxx ._3YCOmnWpGeRBW_Psd5WMPR{height:12px;margin-top:4px;width:60px}._2iO5zt81CSiYhWRF9WylyN{height:18px;margin-bottom:4px}._2iO5zt81CSiYhWRF9WylyN._2E9u5XvlGwlpnzki78vasG{width:230px}._2iO5zt81CSiYhWRF9WylyN.fDElwzn43eJToKzSCkejE{width:100%}._2iO5zt81CSiYhWRF9WylyN._2kNB7LAYYqYdyS85f8pqfi{width:250px}._2iO5zt81CSiYhWRF9WylyN._1XmngqAPKZO_1lDBwcQrR7{width:120px}._3XbVvl-zJDbcDeEdSgxV4_{border-radius:4px;height:32px;margin-top:16px;width:100%}._2hgXdc8jVQaXYAXvnqEyED{animation:_3XkHjK4wMgxtjzC1TvoXrb 1.5s ease infinite;background:linear-gradient(90deg,var(--newCommunityTheme-field),var(--newCommunityTheme-inactive),var(--newCommunityTheme-field));background-size:200%}._1KWSZXqSM_BLhBzkPyJFGR{background-color:var(--newCommunityTheme-widgetColors-sidebarWidgetBackgroundColor);border-radius:4px;padding:12px;position:relative;width:auto} /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/TopicLinksContainer.361933014be843c79476.css.map*/._2ppRhKEnnVueVHY_G-Ursy{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;margin:22px 0 0;min-height:200px;overflow:hidden;position:relative}._2KLA5wMaJBHg0K2z1q0ci_{margin:0 -7px -8px}._1zdLtEEpuWI_Pnujn1lMF2{bottom:0;position:absolute;right:52px}._3s18OZ_KPHs2Ei416c7Q1l{margin:0 0 22px;position:relative}.LJjFa8EhquYX8xsTnb9n-{filter:grayscale(40%);position:absolute;top:11px}._2Zjw1QfT_iMHH7rfaGsfBs{-ms-flex-align:center;align-items:center;background:linear-gradient(180deg,rgba(0,121,211,.24),rgba(0,121,211,.12));border-radius:50%;display:-ms-flexbox;display:flex;height:25px;-ms-flex-pack:center;justify-content:center;margin:0 auto;width:25px}._2gaJVJ6_j7vwKV945EABN9{background-color:var(--newCommunityTheme-button);border-radius:50%;height:15px;width:15px;z-index:1} I hope you get the loan portal soon. Applied 3/30 and 4/17 credit pull, Just hit my account a few mins ago as well. best. Posted by 1 day ago. NEW: ECONOMIC INJURY DISASTER LOAN (EIDL) GRANT What is an Emergency EIDL Grant? Press J to jump to the feed. I’ve heard of people applying before 3/29 that apps got lost, although I don’t the validity, so far no loan officer, my portal is still waiting for closing docs on my loan, Same here, 3/30 Short Form, personal credit check 4/17, deposit 4/21, New comments cannot be posted and votes cannot be cast, More posts from the smallbusiness community, Questions and answers about starting, owning, and growing a small business, Press J to jump to the feed. Log in or sign up to leave a comment log in sign up. I applied 3/29 using the streamlined app: 3300018xxx. Posted by. There have been multiple Reddit threads suggesting that people contact their senators about the EIDL emergency grant. .FIYolDqalszTnjjNfThfT{max-width:256px;white-space:normal;text-align:center} Replies (1) Options Top. For the Account, select the bank account the grant was deposited into. ._3gbb_EMFXxTYrxDZ2kusIp{margin-bottom:24px;text-transform:uppercase;width:100%}._3gbb_EMFXxTYrxDZ2kusIp:last-child{margin-bottom:10px} Even with the new law. The new round of funding, signed into law last week, injects another $10 billion into the EIDL grant program. When applying for the grant, you must select the type of business you have. Aside from loans, … New EIDL Grant and "Low Income Community" COVID: 2020 Relief 2 (BBOCR) Close. report. Go to Google and type in “EIDL Grant Application.” This will take you to the SBA page you need to get to in order to start the process: Once you get to the page, scroll down to where it says to apply, “click here.” Filling Out the Economic Injury Disaster Loan Form. 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svg.LTiNLdCS1ZPRx9wBlY2rD{fill:inherit;padding-right:8px}._2DVpJZAGplELzFy4mB0epQ ._18e78ihYD3tNypPhtYISq3{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;color:inherit} We are all stuck right now. 100% Upvoted. Because this advance doesn’t have to be paid back, some people have been referring to it as a grant. This has the language for the EIDL Grant (v2) in it. Posted by 2 days ago. Replies (1) 1 0. You'll have to wait for the SBA to publish specific guidance and process regarding getting funds through the new EIDL grant program, but there are restrictions on who is eligible - you can look those up. This is not a flat $10,000 grant to all applicants. We meet again! 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