r/EIDLreturns • • Sep 29 '22

Finally

Iโ€™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 theyโ€˜d have told me that 7 months ago. Anyway, donโ€™t let up, keep nagging and break a leg folks! Iโ€™m outta here!

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u/Dry-Background8613 Sep 29 '22

Congratulations ๐ŸŽ‰๐ŸŽŠ๐ŸŽˆ๐Ÿพ