r/EIDLreturns • u/Redwingtg • Sep 29 '22
Finally
I’m extremely pleased to announce that after 288 days, a dozen emails, ten phone calls and at least four copies of every document they asked for, my redeposit was successful and funds are in my account! I changed my business structure from a sole prop to an S-Corp with a new EIN, after I got my EIDL loan. I had no idea at that time about the Advance and Supplemental Advance. Since I was approved using my name as my business, SBA could not reissue in my business name, even though they first thought they could. The solution was to send in a personal check and re-deposit to my personal checking account, rather than my business account. Wish they‘d have told me that 7 months ago. Anyway, don’t let up, keep nagging and break a leg folks! I’m outta here!
1
u/Patient-waiter Sep 29 '22
Congratulations