Quote:
Originally Posted by Mr Pete
Quote:
Originally Posted by TrevorM3
how long will it take for the 10k EIDL grant to kick in you guys think?
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I think we would have received the EIDL $10k by now if there was any money left. Apparently it was supposed to be 3 days after you applied, you should have received funding via ACH |
Some are reporting that they are only getting $15k(25k potentially with grant) from the EIDL. After some research, it seems this is an initial payment, with the remainder of the funds issues later. I would hope this is the case, as a total of 25k cap is useless for some businesses.
On SBA website, they mention 25k is the max for a unsecured loan, so maybe just pushing this out for now. But there is no mention of a limit, other than the 2million we are aware about.