How Long Does It Take to Receive an SBA EIDL?
The timeline to receive an SBA Economic Injury Disaster Loan (EIDL) can vary
depending on application completeness and SBA workload. Below is a typical
timeframe once an application is submitted.
Typical EIDL Timeline
-
Application Review & Decision:
Approximately 2–3 weeks after submission if the application
is complete and there are no significant backlogs. -
Loan Closing Documents:
Issued shortly after approval for the applicant’s signature. -
Funds Disbursement:
Initial funds are typically deposited within
about 5 business days after signed closing documents are received.
Timeline Summary
| Step | Typical Timeframe |
|---|---|
| Application Decision | 2–3 weeks |
| Closing Documents | Days after approval |
| Initial Funding | Within ~5 business days |
Factors That May Affect Processing Time
- Incomplete or inaccurate application information
- Requests from SBA for additional documentation
- High application volume following major disaster declarations
- Collateral or eligibility review requirements
Note: Processing times are estimates and may vary by disaster declaration
and individual circumstances.