COVID19, Current News, Disaster Recovery, Disaster Relief, News

SBA EIDL and PPP resources

Update: as of 4-21-20, news media is reporting that a ~$450B supplemental appropriation bill will pass soon, and SBA EIDL and PPP loan applications and approvals can resume.

Our own resources tell us that if you have applied already, that it is a waiting game. We understand this is not especially comforting as bills continue to grow. Some SBDC clients have recently received letters that their applications are being processed and that additional documentation will be requested. This is encouraging. It means the back end processes are moving forward.

Here is a brief list of resources.

For help with SBA’s Disaster Loan Assistance website please contact the disaster assistance customer service center at 1-800-659-2955 (TTY: 1-800-877-8339) or by e-mail at disastercustomerservice@sba.gov.

DMSBDC website:

https://dallasmetropolitansbdc.com/category/covid19/

SBA.gov information:

https://www.sba.gov/funding-programs/disaster-assistance

EIDL application itself:

https://covid19relief.sba.gov/#/

an SBA bank list resource 1:

(refer to page 29 of the Resource Guide)

https://www.sba.gov/sites/default/files/files/resourceguide_3148.pdf

SBA bank resource 2:

an Excel List of SBA lenders

https://www.sba.gov/sites/default/files/resource_files/Loan_Volume_Comparison_As_Of_September_30_2019.pdf