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SBA says no EIDL applications still considered outstanding - Jacksonville Business Journal

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SBA says no EIDL applications still considered outstanding

, and the agency said it had done all it could to clear some of the EIDL applications, while others were stuck due to tax return issues or other problems. in the last few days often detailed frustrating customer service interactions or even radio silence from the agency after May 6, despite being assured their loan increase would be processed. They received little to no outreach over how to get their application approved.

“The IRC does not agree with the SBA's statement any more today than we did at the time of the hearing. We have numerous members who were in the reconsideration process of EIDL when the program closed. These applications remain unfunded and unresolved, saidThe EIDL program is not the only Covid-19 era small-business rescue program that has frustrated business owners. The Restaurant Revitalization Fund quickly ran out of its $28.

Court rulings by the U.S. District Court for the Northern District of Texas and elsewhere forced the SBA to freeze pending payments to 2,965 priority applicants.Government Accountability Office reported there was $180 million in unspent funding in the RRF,

 

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