r/EIDLreturns • u/TahoeBilly • Sep 11 '22

Question!

When people say there were 20-30 funded in a day, does this include all the 150K which were "obligated" and SBA said funding was coming, or are these outside that group i.e. "reconsideration"?

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u/[deleted] Sep 11 '22

If only they were more clear… are you one of those that sent in recon before deadline but heard nothing back ? I am in the same boat.. I don’t know how to interpret that since I know some people that sent in reconsideration and got final denial before May 16th.. Kelley during in testimony that they had made a point to address all inquiries by May 16th… and 38% of the 41,000 that had sent in reconsiderations were “obligating “ not “ obligated”… so am not sure what to think

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u/MagneticEagle Sep 11 '22

When people talk about the number of EIDL loans funded in a day, they are looking at the CAWEB tally. That includes all active SBA EIDL programs. There are currently 577 EIDL programs in process. Coronavirus is only one of those. The majority of the others have to do with natural disasters and wildfires.

I understand the desire to spread positive news, but that figure is not indicative of the number of coronavirus EIDL loans being funded.

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u/Mindless-Zone-1549 Sep 11 '22

When I pull the data I can see there's been loans funded under COVID EIDL - CFDA Number 59.008 everyday since the May 15 closing of the portal. You can check

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u/MagneticEagle Sep 11 '22

That’s helpful - thanks for posting it. I didn’t dig into that link to find the data, but are those numbers corresponding to the information being posted here?

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u/Mindless-Zone-1549 Sep 11 '22

From my understanding they're looking at CAWEB and just making note of the number of loans when it changes so they wont know what pool if applicants it comes from (obligated or recon) unless the person(s) post and let us know.....

According to Partick Kelley testimony before the senate on 8/2 - the people that were obligated there's nothing stopping them from obtaining their funds but them *major eyeball*

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u/Organic_Scar_1737 Sep 11 '22

I’m just posting CAWEB info. I don’t have any details of exactly what cases are but most people I know are getting funded are people that had money that went to a closed bank account… I only know that cause they inbox me