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Updated over 4 years ago,
SBA Disaster Loans Received?
Hello All,
I filled out the application for the disaster loan and it was indicated that I would be eligible for a loan up to $10,000. A couple of weeks later I received an email saying the loan would consist of a $1000 per employee(?) considering our rentals are owned by my wife and I and we self-manage I really didn't think of what that might mean. We received notification from LifeLock of our credit being checked which ended up being the SBA and then a couple of days ago there was a direct deposit of $1000. Now I'm happy to receive assistance, but this amount is really a drop in the bucket. Is this what you have experienced?
I appreciate your responses.
I filled out the application for the disaster loan and it was indicated that I would be eligible for a loan up to $10,000. A couple of weeks later I received an email saying the loan would consist of a $1000 per employee(?) considering our rentals are owned by my wife and I and we self-manage I really didn't think of what that might mean. We received notification from LifeLock of our credit being checked which ended up being the SBA and then a couple of days ago there was a direct deposit of $1000. Now I'm happy to receive assistance, but this amount is really a drop in the bucket. Is this what you have experienced?
I appreciate your responses.