Small Business Pandemic Survival Kit | Knowledge Avatars™

Small Business Pandemic Survival Kit

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Applied for a loan last week

Knowledge Avatars - Education's picture

Some businesses have received acknowledgements from the SBA that their application has been received and others have not.  This may be a result of when the application was submitted.  At this date, no one we know has received any money from the SBA EIDL program.

Unverified stories regarding conversations with SBA representatives indicated that payments might be made on the 15th.  At present, all information from the government, including specific promises of performance, are being treated as simply forecasts.

The applications for money exceeded the money appropriated by Congress and more appropriations are needed.  It is expected that more money will become available but there is no assurance that every small business will obtain funding or get all of the funding they applied for or when money will be distributed.

Emiliano De Laurentiis