I just took a course on the EIDL loans. You can get one of 3 loans types. New loan allows you to get up to 4 times your 2019 EBIDTA less outstanding debts. The Priority Loan allows you to get up to 6 times 2019 EBTDTA lest outstanding debts and there is an expanded loan for those who already have a SBA loan in place. They are not going to start looking at the loans until next month. They have to be paid off in 3 years. So some of us who are trying to start a company will not qualify...Hope that helps.

I applied on 3/31 and was approved on 5/17. However, I have not received advance yet. The customer service ladies are very nice and understanding. They are open over the weekend. 60 days to accept, one year before payments start @ 3.75% for 30 years. Don't give up...good luck!

I applied at the end of March and just now got my funds for the EIDL and the advance. What number did your application start with? I'd also look into calling your local SBA office instead of the national SBA line. Its a lot faster and I actually talked to people and got some great answers.