So, you’ve applied (or will soon apply) for an SBA Economic Injury Disaster Loan (EIDL). What happens now? Be sure to retain a screenshot of the Application Confirmation number that appeared at the end of the application, or at least write it down in a safe place. Keep these things in mind: 1) Although there is a “grant“ element to the EIDL (the “advance”), you are applying for a government loan, which will be processed and underwritten just like any other loan and will need to be repaid. 2) Loan applicati … (read more)
