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SBA Horror Stories

By the Lending Desk106 words

14 Months Waiting for a Decision

A restaurant owner in Texas applied for an EIDL increase in October 2024. After submitting all requested documents within 48 hours each time, they waited over 14 months with no decision. During this time, their application status alternated between "processing" and "under review" with no explanation. Calls to customer service provided no information beyond "it's still being reviewed." The business closed in August 2025 before any decision was made.

Wait Time 14+ Months
Documents Submitted 23 Times
Outcome Business Closed

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