Get the up-to-date SBA Form 1368. - To SBA Home Page-2024 now

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The business and its principals must utilize their own resources to the maximum extent possible. The APPLICANT must establish that the claimed economic injury is substantial and is a direct result of the declared disaster. For MREIDL the applicant must establish the claimed economic injury is substantial and is a direct result of the call-up of an essential employee. Substantial economic injury generally means a decrease in income from operations or working capital with the result that the busi ...

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Versions	Form popularity	Fillable & printable
2021	4.5 Satisfied (45 Votes)
2018	4.8 Satisfied (150 Votes)
2012	4.4 Satisfied (183 Votes)
2009	4 Satisfied (56 Votes)

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How long does it take to get closing documents from SBA?

The SBA will assign a file number to the loan and authorize the government guarantee. Closing generally takes one to two weeks.

How do I look up my SBA loan application?

A: To check the status of an existing application, you can log in to your COVID-19 EIDL applicant portal where you find information about your application status or contact SBA's Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard of hearing).

How long does it take SBA to approve reconsideration?

According to the SBA, the average reconsideration wait time is four weeks but can take up to six weeks. Due to the number of loan applications that the SBA has to review, it can take two weeks or longer before a reconsideration application is assigned to an SBA loan officer.

How long does SBA take to verify documents?

The SBA promises a turnaround time of 36 hours for their express loans. But, that doesn't include the time it takes for the lender to approve the loan, which could tack on another few weeks. So, instead of 60-90 days, you're looking at 30-60 days for the SBA loan processing time when all is said and done.