How far is the timeframe from portal and portal 2
Another wrote that the deposit may take as long as two days to arrive after you’ve gotten the mass email and finished your portal submission. One person on Reddit wrote that most business owners received their advance within 24 hours of getting the mass email. The Advance will provide $1,000 per employee up to a maximum of $10,000.īusiness owners are noting that they got an advance deposit within hours to two days after receiving this email. To ensure that the greatest number of applicants can receive assistance during this challenging time, the amount of your Advance will be determined by the number of your pre-disaster (i.e., as of January 31, 2020) employees.
#HOW FAR IS THE TIMEFRAME FROM PORTAL AND PORTAL 2 FULL#
The Advance is available as part of the full EIDL application and will be transferred into the account you provide shortly after your application is submitted. On, following the passage of the CARES Act, the SBA provided small business owners and non-profits impacted by COVID-19 with the opportunity to obtain up to a $10,000 Advance on their Economic Injury Disaster Loan (EIDL). Numerous business owners have shared that they received the same EIDL email from the SBA that explains they are entitled to received “up to a maximum of $10,000” - they’re not guaranteed $10,000 up front. Many small business owners have reported getting an email from the SBA with details about how their loan advances are calculated for the EIDL (Economic Injury Disaster Loan.) But once you get this email, how long will it typically take to then get your loan deposit? And is the SBA EIDL Portal Account real? Here is what business owners are reporting so far as they seek funding during the coronavirus pandemic.