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How can SBA Increase EIDL Processing Time | Lock SBA in a Room to Develop Basic Guidelines. SBA has massively failed Small business owners. It boggles the mind that the issues experienced at this Federal Agency haven't been resolved yet. TIMESTAMPS: 0:00 Dear SBA, How are you NOT doing this already? 0:30 Alerting applicants to the status of their application to avoid portal glitches and inconsistencies 0:45 SBA has no definitive timeframe or process to update applicants 1:10 Why can’t the SBA have an automated system 1:15 People want to know HOW LONG DOES IT TAKE FOR (fill in the blank) 1:30 Difficult to have set timeframes in the financial services arena 1:40 People may be more understanding IF if the ENTIRE process WASN’T so vague 1;58 Estimated time frame from our experience of processing EIDL loans since March 2020 2:06 How to delay in processing loans due to delayed 2019 tax returns & amendments 2:20 SEND AN EMAIL to all applicants with loans currently in process 2:31 QUESTION 1 - On what date did you file a 2019 tax return? 2:37 QUESTION 2 - Did you file a 2019 amendment? 2:43 QUESTION 3 - If so, on what date, did you file an amendment? 2:50 QUESTION 4 - Why did you file a 2019 amendment? 2:55 What to THEN do with tax returns filed in recent months 3:10 Waiting vs. getting declined to then have to file a reconsideration 3:25 How SBA is wasting time 3:35 How to screen out files that aren’t ready for processing due to delayed 2019 tax returns 3:50 Free up processing team to work on files with a valid 2019 tax return 3:55 Controversy of the 4506T going away as a means to verify a valid tax return 4:08 Loan officers should have the same requirements across the board So much time is wasted. If only the TOP SBA LOAN OFFICERS can figure out a way to draft INSTRUCTIONS for a business owner to apply for an EIDL loan with a basic reference guide so ease the pain. ANYTHING WOULD BE BETTER THAN THE WAY IT IS. VISIT OUR YOUTUBE COMMUNITY PAGE: / lindareyandtrevor IF OUR INFO has been useful, helpful & productive, please leave a GOOGLE REVIEWS so other business owners find this channel for SBA EIDL information: 1. https://g.page/AuroraConsulting/review 2. https://business.google.com/reviews/l... Get access to our COVID-19 EIDL Resource Hub, which includes various Guides, forms, templates, scripts, and instructions to manage communications with SBA: https://www.auroraconsulting.biz/eidl... 🛍️ 🛒 VISIT OUR NEW MERCH STORE: https://auroraconsulting.biz/shop-mer... COMMUNITY TAB for Natural Disaster ALERTS: / lindareyandtrevor 📌 The content in any of Aurora Consulting's YouTube videos or this website shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other & may be outdated or inaccurate; it is your responsibility to verify all information. #EIDLLoanIncrease #EIDLloan #SBAEIDLLoan #DisasterFinancing #BusinessFinancing #EIDLloanupdate #BusinessLoan #businessloans #EIDLUpdate #SBALoans #DisasterLoans #SBALoan #businesscredit